Guideline Value

Corporate

Guideline Value for VPV Avenue

₹2200/sq.ft.

The guideline value for Vpv Avenue in Poonthamallee village (Poonamallee SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Poonthamallee

Village

Poonamallee

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
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)

No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056
044-26494966
[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]
Records for a plot on Vpv Avenue

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

VPV Avenue guideline value

The current guideline value of VPV Avenue in Poonthamallee village, under the Poonamallee SRO, is Rs 2,200 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of VPV Avenue has changed

The guideline value for VPV Avenue has seen several revisions over the years. In the 2007 revision, the value was Rs 300 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in the 2012 revision. However, this figure decreased by 33% to Rs 1,340 per sq.ft in the 2017 revision. Following this, the value rose by 49% to Rs 2,000 per sq.ft in the 2023 revision, and then again increased by 10% to the current value of Rs 2,200 per sq.ft in the 2024 revision. The register has no figures for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 633%. The substantial rise from Rs 300 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024 reflects the various changes in the guideline value over the years.

Guideline values in Poonthamallee

In Poonthamallee, there are 257 streets under the Poonamallee SRO that carry a 2024 guideline value, ranging from Rs 1,980 to Rs 4,950 per sq.ft. The median value is Rs 2,200 per sq.ft, which is the same as the guideline value for VPV Avenue.

Stamp duty and registration fee for property in VPV Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for stamp duty and registration fees to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers VPV Avenue?

The Sub Registrar Office that covers VPV Avenue is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. For more information, you can find your SRO.

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

The guideline value is a crucial factor during property registration in Poonthamallee. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for legal documentation. Buyers should be aware of the guideline value to ensure compliance with the registration requirements.

Frequently asked questions

What is the current guideline value of VPV Avenue?

The current guideline value of VPV Avenue is Rs 2,200 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, increasing from Rs 300 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting a total increase of 633% over this period.

What is the land classification of VPV Avenue?

VPV Avenue is classified as Residential Class II Type - I, which indicates its designation for residential development.

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

The Sub Registrar Office for VPV Avenue is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

How is stamp duty calculated for properties in VPV Avenue?

Stamp duty for properties in VPV Avenue is calculated based on the guideline value or the sale price, whichever is higher. For instance, for a 1,000 sq.ft plot, the total guideline value would be Rs 22,00,000, leading to a stamp duty of Rs 1,54,000 at 7%.