Guideline Value

Corporate

Guideline Value for VASANTHAM NAGAR SRINIVASA ST

₹1625/sq.ft.

The guideline value for Vasantham Nagar Srinivasa St in Paruthipattu village (Avadi SRO, Chennai zone) is Rs 1625 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paruthipattu

Village

Avadi

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1625 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Vasantham Nagar Srinivasa St

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Vasantham Nagar Srinivasa St guideline value

The current guideline value of Vasantham Nagar Srinivasa St is Rs 1,625 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village under the Avadi SRO, and it falls under the Residential Special Type - I land classification.

How the guideline value of Vasantham Nagar Srinivasa St has changed

The guideline value for Vasantham Nagar Srinivasa St has seen several revisions over the years. The earliest recorded revision was in 2007, where the value was Rs 500 per sq.ft. This figure increased significantly to Rs 1,200 per sq.ft in 2012, marking a 140% rise. However, it then decreased to Rs 804 per sq.ft in 2017, a drop of 33%. From 2017 to 2023, the value surged to Rs 1,500 per sq.ft, reflecting an 87% increase. The most recent revision in 2024 set the value at Rs 1,625 per sq.ft, an 8% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 225%.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that have a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft. The median value is Rs 1,625 per sq.ft, which is equal to the guideline value of Vasantham Nagar Srinivasa St.

Stamp duty and registration fee for property in Vasantham Nagar Srinivasa St

For a 1,000 sq.ft plot at the current guideline value of Rs 1,625 per sq.ft, the total guideline value would be Rs 16,25,000. The stamp duty, charged at 7%, would amount to Rs 1,13,750, and the registration fee, at 2%, would be Rs 32,500. Together, these fees would total Rs 1,46,250. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Vasantham Nagar Srinivasa St?

The Vasantham Nagar Srinivasa St is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Paruthipattu

The guideline value is an essential factor in the registration process when buying or selling property in Paruthipattu. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When a property transaction occurs, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration reflects a fair value based on current market conditions.

Frequently asked questions

What is the current guideline value of Vasantham Nagar Srinivasa St?

The current guideline value of Vasantham Nagar Srinivasa St is Rs 1,625 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,625 per sq.ft in 2024, marking an overall increase of 225% over the years.

What are the stamp duty and registration fees for properties in Vasantham Nagar Srinivasa St?

For a property valued at Rs 16,25,000, the stamp duty would be Rs 1,13,750 and the registration fee would be Rs 32,500, totaling Rs 1,46,250.

Which office handles the registration of properties in Vasantham Nagar Srinivasa St?

The Avadi Sub Registrar Office handles the registration of properties in Vasantham Nagar Srinivasa St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the land classification for Vasantham Nagar Srinivasa St?

The land classification for Vasantham Nagar Srinivasa St is Residential Special Type - I, which indicates its designated use for residential purposes.