Guideline Value

Corporate

Guideline Value for VENGADACHALAPATHI AVENUE

₹200/sq.ft.

The guideline value for Vengadachalapathi Avenue in Aaladu village (Ponneri SRO, Chennai zone) is Rs 200 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Aaladu

Village

Ponneri

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹200 /sq.ft.
From 1-4-2023 ₹200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹134 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹200 /sq.ft.
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)

9/5,taluk Office Road, Ponneri, Chennai-601204
044-27974517
[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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Vengadachalapathi Avenue guideline value

The current guideline value of Vengadachalapathi Avenue is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Aaladu village, under the Ponneri SRO, and is classified as Residential Class I Type - I.

How the guideline value of Vengadachalapathi Avenue has changed

The guideline value for Vengadachalapathi Avenue has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 134 per sq.ft, marking a decline of 33%. Following this, the 2023 revision brought it back to Rs 200 per sq.ft, and the 2024 revision maintained this figure, resulting in a 0% change from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has not changed.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. The 2023 revision maintained the value at Rs 200 per sq.ft, which is the same as the 2024 revision, indicating stability in the guideline value for the recent years.

Guideline values in Aaladu

Aaladu village has 13 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 400 per sq.ft, with the median being Rs 200 per sq.ft. Vengadachalapathi Avenue's 2024 figure aligns with this median.

Stamp duty and registration fee for property in Vengadachalapathi Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. 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 details.

Which Sub Registrar Office covers Vengadachalapathi Avenue?

The Sub Registrar Office that covers Vengadachalapathi Avenue is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is an important factor during property registration in Aaladu. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps in establishing a fair transaction price. It serves as a reference point for both buyers and sellers to understand the value of the property in the market.

Frequently asked questions

What is the current guideline value of Vengadachalapathi Avenue?

The current guideline value of Vengadachalapathi Avenue is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, with the most recent changes being from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023 and 2024. The overall change from 2012 to 2024 is 0%.

What are the other streets in Aaladu with their guideline values?

In Aaladu, several other streets have varying guideline values. For instance, Sri Vari Mahalakshmi Nagar and Rudhran Nagar have a guideline value of Rs 300 per sq.ft, while streets like Rajeswari Nagar, Rajam Nagar, Jayam Housing Site, and Illahi Nagar have a value of Rs 200 per sq.ft.

What is the stamp duty for a property in Vengadachalapathi Avenue?

The stamp duty for a property in Vengadachalapathi Avenue is 7% of the guideline value. For a 1,000 sq.ft plot valued at Rs 2,00,000, the stamp duty would be Rs 14,000.

Where can I find the Sub Registrar Office for Vengadachalapathi Avenue?

The Sub Registrar Office for Vengadachalapathi Avenue is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles the registration of properties in the area.