Guideline Value for VIRUNDAVAN NAGAR

Virundavan Nagar guideline value

The current guideline value of Virundavan Nagar is Rs 750 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-A village under the Avadi SRO, and is classified as Residential Class II Type - III.

How the guideline value of Virundavan Nagar has changed

In the 2017 revision, the guideline value was Rs 469 per sq.ft. This increased to Rs 700 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 saw the guideline value increase to Rs 750 per sq.ft, representing a 7% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 60%. The register has no figures 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, which is equal to the guideline value of Virundavan Nagar.

• Vinayagar Koil Street: Rs 750 per sq.ft (2024)
• Vilapakkam Subbaiah Nagar: Rs 750 per sq.ft (2024)
• V.O.C.Nagar: Rs 750 per sq.ft (2024)
• V.S.P.Nagar & Streets: Rs 750 per sq.ft (2024)
• Venumadavan Nagar & Streets: Rs 750 per sq.ft (2024)
• 1st Padi Nagar: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Virundavan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value would be Rs 7,50,000. The stamp duty at 7% would amount to Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total to Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Virundavan Nagar?

The Sub Registrar Office that covers Virundavan Nagar is 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 more information.

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

The guideline value is used as a basis for calculating the stamp duty and registration fees when buying or selling property in Thiruninravur-A. It is essential for both buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements during property transactions.

When a property is registered, the guideline value serves as a reference point for the official valuation of the property. This helps to determine the applicable charges and ensures that the transaction is recorded accurately in the official registry.

Frequently asked questions

What is the current guideline value of Virundavan Nagar?

The current guideline value of Virundavan Nagar is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 750 per sq.ft in 2024, marking an overall increase of 60% over this period.

What are the stamp duty and registration fees for property in Virundavan Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 7,50,000. The stamp duty would be Rs 52,500 and the registration fee would be Rs 15,000, totaling Rs 67,500.

Which Sub Registrar Office covers Virundavan Nagar?

The Avadi Sub Registrar Office covers Virundavan 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 crucial for determining the stamp duty and registration fees during property transactions. It ensures that the property is valued correctly and that all legal requirements are met during the registration process.