Guideline Value

Corporate

Guideline Value for 1ST PADI NAGAR

₹770/sq.ft.

The guideline value for 1st Padi Nagar in Thiruninravur-b village (Avadi SRO, Chennai zone) is Rs 770 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruninravur-b

Village

Avadi

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹770 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
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)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[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 1st Padi Nagar

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1st Padi Nagar guideline value

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

How the guideline value of 1st Padi Nagar has changed

The guideline value for 1st Padi Nagar has undergone several revisions over the years. The earliest recorded figure is from 2017, which was Rs 469 per sq.ft. This value increased to Rs 700 per sq.ft in 2023, marking a significant rise of 49%. The latest revision in 2024 sees this value further increase to Rs 770 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets listed under the Avadi SRO with a 2024 guideline value ranging from Rs 330 to Rs 1,760 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, which is equal to the 2024 figure for 1st Padi Nagar.

Stamp duty and registration fee for property in 1st Padi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty is charged at 7%, which totals Rs 53,900, and the registration fee is charged at 2%, amounting to Rs 15,400. Together, the total cost for stamp duty and registration fee would be Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers 1st Padi Nagar?

The Sub Registrar Office covering 1st Padi 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 crucial factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property in Thiruninravur-B, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction complies with legal requirements.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. This value serves as a benchmark for property transactions in the area.

Frequently asked questions

What is the current guideline value of 1st Padi Nagar?

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, and then to Rs 770 per sq.ft in 2024. This reflects an overall increase of 64% from 2017 to 2024.

What is the land classification for 1st Padi Nagar?

1st Padi Nagar is classified under Residential Class II Type - III. This classification indicates the type of development and usage permitted in the area.

Where can I find the Sub Registrar Office for 1st Padi Nagar?

The Sub Registrar Office for 1st Padi 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.

How is the stamp duty calculated for properties in 1st Padi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at Rs 770 per sq.ft has a total guideline value of Rs 7,70,000, leading to a stamp duty of Rs 53,900.