Guideline Value

Corporate

Guideline Value for Vivek Akbar Avenue

₹605/sq.ft.

The guideline value for Vivek Akbar Avenue in Theerthangiriyampattu village (Redhills SRO, Chennai zone) is Rs 605 per sq.ft, effective 1 July 2024. It was Rs 550 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Theerthangiriyampattu

Village

Redhills

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹605 /sq.ft.
From 1-4-2023 ₹550 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹368 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹550 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹28 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹225 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[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 Vivek Akbar Avenue

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Vivek Akbar Avenue guideline value

The current guideline value of Vivek Akbar Avenue is Rs 605 per sq.ft, effective from 1 July 2024. This street is located in Theerthangiriyampattu village, under the Redhills SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Vivek Akbar Avenue has changed

The guideline value for Vivek Akbar Avenue has seen several revisions over the years. In 2002, the value was Rs 225 per sq.ft, which changed to Rs 28 per sq.ft in 2003. Following this, the value increased significantly to Rs 100 per sq.ft in 2007, then rose sharply to Rs 550 per sq.ft in 2012. However, it dropped to Rs 368 per sq.ft in 2017. The value then increased to Rs 550 per sq.ft in 2023, and finally, it stands at Rs 605 per sq.ft in 2024, marking a 10% rise from the previous year.

Between the revisions, there were notable changes. The increase from 2017 to 2023 was 49%, while the decrease from 2012 to 2017 was 33%. The jump from 2007 to 2012 was substantial at 450%, and the rise from 2003 to 2007 was 257%. The overall change from 2002 to 2024 reflects an increase of 169%. The register has no figure for this street for the years not mentioned.

Guideline values in Theerthangiriyampattu

In Theerthangiriyampattu, there are 24 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 880 per sq.ft. The median value for these streets is Rs 605 per sq.ft, which is equal to the guideline value of Vivek Akbar Avenue.

Stamp duty and registration fee for property in Vivek Akbar Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 605 per sq.ft, the total guideline value amounts to Rs 6,05,000. The stamp duty at 7% would be Rs 42,350, and the registration fee at 2% would be Rs 12,100, bringing the total cost for these fees to Rs 54,450. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Vivek Akbar Avenue?

The Sub Registrar Office that covers Vivek Akbar Avenue is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Theerthangiriyampattu. It serves as a benchmark for determining the minimum value of a property for registration purposes. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction process.

During the registration of property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values for different areas.

Frequently asked questions

What is the current guideline value of Vivek Akbar Avenue?

The current guideline value of Vivek Akbar Avenue is Rs 605 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, from Rs 225 per sq.ft in 2002 to Rs 605 per sq.ft in 2024, reflecting an overall increase of 169% over the years.

What is the land classification for Vivek Akbar Avenue?

The land classification for Vivek Akbar Avenue is Residential Special Type - I, indicating its designated use for residential purposes.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Vivek Akbar Avenue is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for properties in Vivek Akbar Avenue?

Stamp duty for properties in Vivek Akbar Avenue is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total stamp duty and registration fee of Rs 54,450 based on the current guideline value.