Guideline Value

Corporate

Guideline Value for VETTUVANKENI 1st AVENUE

₹4500/sq.ft.

The guideline value for Vettuvankeni 1st Avenue in Enjambakkam village (Neelankarai SRO, Chennai zone) is Rs 4500 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 13% change. The land classification is Residential Special Type - Iv. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Enjambakkam

Village

Neelankarai

SRO

Residential Special Type - IV
History
Period Guideline Value
From 1-7-2024 ₹4500 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1530 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹179 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Vettuvankeni 1st Avenue

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VETTUVANKENI 1st AVENUE guideline value

The current guideline value of VETTUVANKENI 1st AVENUE is Rs 4,500 per sq.ft, effective from 1 July 2024. This street is located in Enjambakkam village under the Neelankarai SRO, classified as Residential Special Type - IV.

How the guideline value of VETTUVANKENI 1st AVENUE has changed

The guideline value for VETTUVANKENI 1st AVENUE has seen several revisions over the years. Starting from Rs 179 per sq.ft in 2003, the value increased significantly to Rs 1,530 per sq.ft in 2007, followed by a jump to Rs 4,000 per sq.ft in 2012. However, it then decreased to Rs 2,680 per sq.ft in 2017. The value rose again to Rs 4,000 per sq.ft in 2023, and finally reached Rs 4,500 per sq.ft in 2024, marking a 13% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 2414%. The revisions for the years 2002 have no figure for this street in the register.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing VETTUVANKENI 1st AVENUE above this median.

Stamp duty and registration fee for property in VETTUVANKENI 1st AVENUE

For a 1,000 sq.ft plot at the current guideline value of Rs 4,500 per sq.ft, the total guideline value amounts to Rs 45,00,000. The stamp duty at 7% would be Rs 3,15,000, and the registration fee at 2% would be Rs 90,000, making the total cost for these fees Rs 4,05,000. 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 VETTUVANKENI 1st AVENUE?

The Sub Registrar Office that covers VETTUVANKENI 1st AVENUE is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

For more information, you can find your SRO.

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

The guideline value is a critical reference point used during property registration in Enjambakkam. It helps determine the stamp duty and registration fees applicable when a property is bought or sold, ensuring that these fees are based on a standardized value set by the government.

When a buyer or seller engages in a transaction, the guideline value serves as the minimum benchmark for the sale price, which means that the fees will be calculated based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of VETTUVANKENI 1st AVENUE?

The current guideline value of VETTUVANKENI 1st AVENUE is Rs 4,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 179 per sq.ft in 2003 to Rs 4,500 per sq.ft in 2024, reflecting an overall increase of 2414% over the years.

What is the land classification for VETTUVANKENI 1st AVENUE?

VETTUVANKENI 1st AVENUE is classified as Residential Special Type - IV.

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

Other streets in Enjambakkam include VETTUVANKENI 2nd AVENUE at Rs 4,500 per sq.ft, V.G.P.Golden Beach and V.G.P.Lay Out Part I & II & III both at Rs 5,000 per sq.ft, and Vimala Garden at Rs 3,900 per sq.ft, among others.

Where can I find the Sub Registrar Office for VETTUVANKENI 1st AVENUE?

The Sub Registrar Office for VETTUVANKENI 1st AVENUE is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.