Guideline Value

Corporate

Guideline Value for A.R.LAYOUT alias MAJESTIC AVENUE

₹990/sq.ft.

The guideline value for A.r.layout Alias Majestic Avenue in Thiruninravur-b village (Avadi SRO, Chennai zone) is Rs 990 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iv. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruninravur-b

Village

Avadi

SRO

Residential Class I Type - IV
History
Period Guideline Value
From 1-7-2024 ₹990 /sq.ft.
From 1-4-2023 ₹900 /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 for A.R.LAYOUT alias MAJESTIC AVENUE is Rs 990 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-B 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 seen significant changes over the years. The 2017 revision recorded a value of Rs 603 per sq.ft, which increased to Rs 900 per sq.ft in the 2023 revision. The current value as of the 2024 revision is Rs 990 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 49%, reflecting a steady rise in the guideline value over the years.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 1,760 per sq.ft, with a median value of Rs 770 per sq.ft. A.R.LAYOUT alias MAJESTIC AVENUE's 2024 figure of Rs 990 per sq.ft is above 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 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total charges to Rs 89,100. Please note that the duty is charged on the higher of the guideline value and the sale price.

For more details, 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 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 information.

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

The guideline value is a crucial factor during property registration in Thiruninravur-B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is aligned with the official valuation of the property.

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 990 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 603 per sq.ft in 2017 to Rs 990 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the land classification of A.R.LAYOUT alias MAJESTIC AVENUE?

A.R.LAYOUT alias MAJESTIC AVENUE is classified as Residential Class I Type - IV.

What is the stamp duty rate for properties in A.R.LAYOUT alias MAJESTIC AVENUE?

The stamp duty rate for properties in A.R.LAYOUT alias MAJESTIC AVENUE is 7% of the guideline value or sale price, whichever is higher.

Which office handles property registrations for A.R.LAYOUT alias MAJESTIC AVENUE?

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