Guideline Value

Corporate

Guideline Value for VATCHALAPURAM & STREETS

₹840/sq.ft.

The guideline value for Vatchalapuram & Streets in Thiruninravur-a village (Avadi SRO, Chennai zone) is Rs 840 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 5% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruninravur-a

Village

Avadi

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹840 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹737 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
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 Vatchalapuram & Streets

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Vatchalapuram & Streets guideline value

The current guideline value for Vatchalapuram & Streets is Rs 840 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-A village under the Avadi Sub Registrar Office (SRO) and is classified as Residential Class II Type - II.

How the guideline value of Vatchalapuram & Streets has changed

The guideline value for Vatchalapuram & Streets has undergone several revisions over the years. The 2017 revision recorded a value of Rs 737 per sq.ft, which increased to Rs 800 per sq.ft in the 2023 revision, marking a 9% rise. The most recent 2024 revision set the value at Rs 840 per sq.ft, reflecting a further increase of 5% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 14%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft. The median value for these streets is Rs 750 per sq.ft, placing the 2024 figure for Vatchalapuram & Streets above this median.

Stamp duty and registration fee for property in Vatchalapuram & Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 840 per sq.ft, the total guideline value would be Rs 8,40,000. The stamp duty at 7% would amount to Rs 58,800, and the registration fee at 2% would be Rs 16,800, bringing the total cost for these fees to Rs 75,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Vatchalapuram & Streets?

The Vatchalapuram & Streets area falls under 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 further assistance.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value serves as a benchmark for property transactions in Thiruninravur-A, determining the minimum price at which a property can be registered. It is essential for buyers and sellers to be aware of this value to ensure compliance with registration requirements.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. This ensures that all transactions are conducted transparently and fairly.

Frequently asked questions

What is the current guideline value for Vatchalapuram & Streets?

The current guideline value for Vatchalapuram & Streets is Rs 840 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 737 per sq.ft in 2017 to Rs 800 per sq.ft in 2023, and then to Rs 840 per sq.ft in 2024, reflecting a total increase of 14% from 2017 to 2024.

What is the land classification for Vatchalapuram & Streets?

Vatchalapuram & Streets is classified as Residential Class II Type - II, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for Vatchalapuram & Streets?

The Avadi Sub Registrar Office, which covers Vatchalapuram & Streets, is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, on a property valued at Rs 8,40,000, the total fees would amount to Rs 75,600.