Guideline Value for Vanavil Isai Nila Enclave

Vanavil Isai Nila Enclave guideline value

The current guideline value of Vanavil Isai Nila Enclave is Rs 1,200 per sq.ft, effective from 1 July 2024. This property is located in Nelllikuppam village under the Thiruporur SRO, classified as Mixed Special Type - I.

How the guideline value of Vanavil Isai Nila Enclave has changed

The guideline value for Vanavil Isai Nila Enclave has seen several revisions over the years. The 2017 revision set the value at Rs 804 per sq.ft. This figure remained unchanged until the 2023 revision, which also listed the value at Rs 1,200 per sq.ft. The latest revision in 2024 maintains this value at Rs 1,200 per sq.ft, indicating no percentage change from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has increased by 49% as well. The register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Nelllikuppam

Nelllikuppam village has a total of 45 streets under the Thiruporur SRO, with 2024 guideline values ranging from Rs 400 to Rs 1,600 per sq.ft. The median guideline value for these streets is Rs 1,000 per sq.ft, placing Vanavil Isai Nila Enclave's 2024 figure above this median.

• Vgc- IV: Rs 1,600 per sq.ft (2024)
• Vijaya Garden: Rs 1,200 per sq.ft (2024)
• Vijaya Green City: Rs 1,200 per sq.ft (2024)
• Vijaya Green City Phase II: Rs 1,250 per sq.ft (2024)
• Vijaya Green City Phase III: Rs 1,600 per sq.ft (2024)
• The Enclave Extension: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Vanavil Isai Nila Enclave

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Vanavil Isai Nila Enclave?

The Thiruporur Sub Registrar Office covers Vanavil Isai Nila Enclave. The office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Nelllikuppam. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When a property is sold, the sale price or the guideline value, whichever is higher, is used to calculate these fees. This ensures that the government receives appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Vanavil Isai Nila Enclave?

The current guideline value of Vanavil Isai Nila Enclave is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,200 per sq.ft from 2023 to 2024, with a significant increase of 49% from Rs 804 per sq.ft in 2017 to the current value.

What are the guideline values for other streets in Nelllikuppam?

Other streets in Nelllikuppam have varying guideline values, ranging from Rs 400 to Rs 1,600 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft.

What is the registration fee for a property in Vanavil Isai Nila Enclave?

The registration fee is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 12,00,000, the registration fee would be Rs 24,000 at a rate of 2%.

Where can I find the Thiruporur Sub Registrar Office?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find more details through the provided link.