Guideline Value for VIRUNDAVAN NAGAR

Virundavan Nagar guideline value

The current guideline value of Virundavan Nagar is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-B village under the Avadi SRO, classified as Residential Class II Type - III.

How the guideline value of Virundavan Nagar has changed

The guideline value for Virundavan Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 469 per sq.ft, which increased to Rs 700 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 raised the value further to Rs 770 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. 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-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 330 to Rs 1,760 per sq.ft. The median guideline value is Rs 770 per sq.ft, placing Virundavan Nagar's 2024 figure at this median level.

• Vinayagar Koil Street: Rs 770 per sq.ft (2024)
• Vilapakkam Subbaiah Nagar: Rs 770 per sq.ft (2024)
• V.O.C.Nagar: Rs 770 per sq.ft (2024)
• V.S.P.Nagar & Streets: Rs 770 per sq.ft (2024)
• Venumadavan Nagar & Streets: Rs 770 per sq.ft (2024)
• 1st Padi Nagar: Rs 770 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 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total fees together to Rs 69,300. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, 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-B

The guideline value is a critical factor during the registration process of property transactions in Thiruninravur-B. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It is essential to be aware of the current guideline value to ensure compliance with legal requirements and to facilitate a smooth transaction process.

Frequently asked questions

What is the current guideline value of Virundavan Nagar?

The current guideline value of Virundavan Nagar is Rs 770 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 770 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900, and the registration fee would be Rs 15,400, totaling Rs 69,300.

Which office handles registrations for Virundavan Nagar?

The Avadi Sub Registrar Office handles registrations for Virundavan Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How does the guideline value affect property transactions?

The guideline value is used to determine the minimum registration value for property transactions, impacting the stamp duty and registration fees payable during the sale or purchase of property in Thiruninravur-B.