Guideline Value

Corporate

Guideline Value for VATCHALAPURAM 2ND STREET

₹840/sq.ft.

The guideline value for Vatchalapuram 2nd Street 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]

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Vatchalapuram 2nd Street guideline value

The current guideline value of Vatchalapuram 2nd Street is Rs 840 per sq.ft, effective from 1 July 2024. This street is located in the Thiruninravur-A village under the Avadi SRO, and it falls under the Residential Class II Type - II land classification.

How the guideline value of Vatchalapuram 2nd Street has changed

The guideline value for Vatchalapuram 2nd Street has undergone several revisions over the years. The oldest recorded revision is from 2017, where the value was Rs 737 per sq.ft. In 2023, the value increased to Rs 800 per sq.ft, marking a 9% rise from the previous figure. The latest revision in 2024 saw another increase of 5%, bringing the guideline value to Rs 840 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Overall, from 2017 to 2024, the guideline value has increased by 14%. This reflects the changes in the property value within this period, highlighting the adjustments made by the Registration Department.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a guideline value for 2024, ranging from Rs 440 to Rs 2,750 per sq.ft. The median guideline value for these streets is Rs 750 per sq.ft, placing Vatchalapuram 2nd Street's 2024 value above this median.

Stamp duty and registration fee for property in Vatchalapuram 2nd Street

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 fees to Rs 75,600. It is important to note that duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Vatchalapuram 2nd Street?

The Vatchalapuram 2nd Street falls under the jurisdiction of the Avadi Sub Registrar Office. The address is 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 Thiruninravur-A

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruninravur-A. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value rather than fluctuating market prices.

When registering a property, the guideline value must be considered, as it affects the total fees payable. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations and to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Vatchalapuram 2nd Street?

The current guideline value of Vatchalapuram 2nd Street 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. This represents a total increase of 14% from 2017 to 2024.

Are there any revisions with no figures for Vatchalapuram 2nd Street?

Yes, the guideline value register has no figures for Vatchalapuram 2nd Street for the years 2002, 2003, 2007, and 2012.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot at Rs 840 per sq.ft, the total fees would be Rs 75,600.

Where can I find the Sub Registrar Office for Vatchalapuram 2nd Street?

The Sub Registrar Office covering Vatchalapuram 2nd Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.