Guideline Value

Corporate

Guideline Value for A.R.LAYOUT alias MAJESTIC AVENUE

₹660/sq.ft.

The guideline value for A.r.layout Alias Majestic Avenue in Thiruninravur-a village (Avadi SRO, Chennai zone) is Rs 660 per sq.ft, effective 1 July 2024. It was Rs 603 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class I Type - Iv. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruninravur-a

Village

Avadi

SRO

Residential Class I Type - IV
History
Period Guideline Value
From 1-7-2024 ₹660 /sq.ft.
From 1-4-2023 ₹603 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹603 /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 A.r.layout Alias Majestic Avenue

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A.R.LAYOUT alias MAJESTIC AVENUE guideline value

The current guideline value of A.R.LAYOUT alias MAJESTIC AVENUE is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-A village, under the Avadi SRO, and is classified as Residential Class I Type - IV.

How the guideline value of A.R.LAYOUT alias MAJESTIC AVENUE has changed

The guideline value for A.R.LAYOUT alias MAJESTIC AVENUE has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 660 per sq.ft, which reflects a 9% increase from the 2023 revision of Rs 603 per sq.ft. The 2023 revision did not change from the 2017 revision, which also recorded Rs 603 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Overall, from 2017 to 2024, the guideline value has risen by 9%. The consistent figure of Rs 603 per sq.ft from 2017 to 2023 indicates stability during that period, while the recent increase reflects the latest adjustments in the guideline value for the area.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft, with a median value of Rs 750 per sq.ft. A.R.LAYOUT alias MAJESTIC AVENUE's 2024 figure of Rs 660 per sq.ft is below this median.

Stamp duty and registration fee for property in A.R.LAYOUT alias MAJESTIC AVENUE

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers A.R.LAYOUT alias MAJESTIC AVENUE?

The A.R.LAYOUT alias MAJESTIC AVENUE falls under the jurisdiction of the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value plays a crucial role in property transactions in Thiruninravur-A, as it is used to calculate the stamp duty and registration fees when buying or selling property. Buyers and sellers must be aware of the guideline value to ensure compliance with the legal requirements during the registration process.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of A.R.LAYOUT alias MAJESTIC AVENUE?

The current guideline value of A.R.LAYOUT alias MAJESTIC AVENUE is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 603 per sq.ft in 2017 to Rs 660 per sq.ft in 2024, reflecting a 9% increase. There was no change in the value from 2017 to 2023, as it remained at Rs 603 per sq.ft during that period.

What are the other guideline values in Thiruninravur-A?

In Thiruninravur-A, the guideline values range from Rs 440 to Rs 2,750 per sq.ft, with a median value of Rs 750 per sq.ft. A.R.LAYOUT alias MAJESTIC AVENUE's guideline value of Rs 660 per sq.ft is below this median.

How is stamp duty calculated for properties in A.R.LAYOUT alias MAJESTIC AVENUE?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the guideline value of Rs 660 per sq.ft, the stamp duty would be Rs 46,200 at a rate of 7%.

Which office handles the registration for A.R.LAYOUT alias MAJESTIC AVENUE?

The registration for A.R.LAYOUT alias MAJESTIC AVENUE is handled by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.