Guideline Value for Vargeesh Avenue

Vargeesh Avenue guideline value

The current guideline value of Vargeesh Avenue is Rs 152 per sq.ft, effective from 1 July 2024. This street is located in Nedumbaram village under the Thiruttani SRO and falls under the Residential Class I Type - II land classification.

How the guideline value of Vargeesh Avenue has changed

The guideline value register for Vargeesh Avenue shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 152 per sq.ft.

As there are no changes between the revisions, the current guideline value stands as the sole reference for this street.

Guideline values in Nedumbaram

In Nedumbaram, four streets under the Thiruttani SRO have a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft, with a median value of Rs 151 per sq.ft. Vargeesh Avenue's 2024 figure of Rs 152 per sq.ft is above this median.

• Sri Ram Nagar: Rs 150 per sq.ft (2024)
• Shanthi Nagar I: Rs 100 per sq.ft (2024)
• Thirumalai Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Vargeesh Avenue

For a 1,000 sq.ft plot at the current rate of Rs 152 per sq.ft, the guideline value would be Rs 1,52,000. The stamp duty at 7% would amount to Rs 10,640, and the registration fee at 2% would be Rs 3,040, totaling Rs 13,680. 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 more details.

Which Sub Registrar Office covers Vargeesh Avenue?

The Sub Registrar Office that covers Vargeesh Avenue is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential aspect of property transactions in Nedumbaram. It serves as a basis for calculating stamp duty and registration fees when properties are bought or sold.

When registering a property, the guideline value is referenced to determine the applicable fees, ensuring that the transaction is compliant with local regulations. Buyers and sellers should be aware of this value to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Vargeesh Avenue?

The current guideline value of Vargeesh Avenue is Rs 152 per sq.ft, effective from 1 July 2024.

What land classification does Vargeesh Avenue fall under?

Vargeesh Avenue is classified as Residential Class I Type - II, indicating its suitability for residential purposes.

How has the guideline value changed over the years?

The guideline value register shows no figures for Vargeesh Avenue from the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 152 per sq.ft.

What are the stamp duty and registration fees for properties in Vargeesh Avenue?

For a 1,000 sq.ft plot at the current rate of Rs 152 per sq.ft, the total stamp duty and registration fees would amount to Rs 13,680, based on the guideline value.

Which office handles property registration for Vargeesh Avenue?

The Thiruttani Sub Registrar Office handles property registration for Vargeesh Avenue, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.