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Guideline Value

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Guideline Value for VASANTHAM NAGAR, ANNAI INDIRA ST

₹1625/sq.ft.

The guideline value for Vasantham Nagar, Annai Indira 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, Annai Indira St

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Vasantham Nagar, Annai Indira St guideline value

The current guideline value for Vasantham Nagar, Annai Indira St is Rs 1,625 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village under the Avadi SRO, classified as Residential Special Type - I.

How the guideline value of Vasantham Nagar, Annai Indira St has changed

The guideline value for Vasantham Nagar, Annai Indira St has seen several revisions over the years. In 2007, the value was Rs 500 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012. However, it decreased to Rs 804 per sq.ft in 2017. The next revision in 2023 raised the value to Rs 1,500 per sq.ft, and the most recent revision in 2024 set it at Rs 1,625 per sq.ft. Notably, the register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, there was a significant increase of 87%, followed by an 8% rise from 2023 to 2024. The overall change from 2007 to 2024 is an increase of 225%. The fluctuations reflect various market conditions and adjustments made by the registration department.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that carry 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, placing Vasantham Nagar, Annai Indira St at this median rate.

Stamp duty and registration fee for property in Vasantham Nagar, Annai Indira 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 at 7% would amount to Rs 1,13,750, and the registration fee at 2% would be Rs 32,500, bringing the total to Rs 1,46,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for precise calculations based on your property details.

Which Sub Registrar Office covers Vasantham Nagar, Annai Indira St?

The Sub Registrar Office covering Vasantham Nagar, Annai Indira St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

To find your specific SRO, visit find your SRO.

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

The guideline value is an essential factor when registering a property in Paruthipattu. It determines the amount of stamp duty and registration fees payable during the transaction, ensuring that the property is valued accurately for legal purposes.

When buyers or sellers engage in a property transaction, the guideline value serves as a benchmark for taxation, helping to prevent undervaluation and ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Vasantham Nagar, Annai Indira St?

The current guideline value of Vasantham Nagar, Annai Indira 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, reflecting an overall increase of 225% over the years.

What are the stamp duty and registration fees for property in this area?

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 registrations for Vasantham Nagar?

The Avadi Sub Registrar Office handles registrations for Vasantham Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions, ensuring that properties are accurately valued for legal purposes.