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Guideline Value

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Guideline Value for ARAVINDH NAGAR SRINIVASA NAGAR EXTN

₹950/sq.ft.

The guideline value for Aravindh Nagar Srinivasa Nagar Extn in Paruthipattu village (Avadi SRO, Chennai zone) is Rs 950 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paruthipattu

Village

Avadi

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹950 /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 ₹900 /sq.ft.
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 Aravindh Nagar Srinivasa Nagar Extn

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Aravindh Nagar Srinivasa Nagar Extn guideline value

The current guideline value of Aravindh Nagar Srinivasa Nagar Extn is Rs 950 per sq.ft, effective from 1 July 2024. This area is located in Paruthipattu village and falls under the Avadi Sub Registrar Office (SRO). The land classification for this street is Residential Class II Type - I.

How the guideline value of Aravindh Nagar Srinivasa Nagar Extn has changed

The guideline value for Aravindh Nagar Srinivasa Nagar Extn has undergone several revisions over the years. In the 2012 revision, the value was Rs 900 per sq.ft. This figure remained the same until the 2017 revision when it decreased to Rs 603 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 900 per sq.ft in the 2023 revision, reflecting a 49% rise. The latest revision in 2024 set the guideline value at Rs 950 per sq.ft, a 6% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 6%.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft, with a median value of Rs 1,625 per sq.ft. The guideline value for Aravindh Nagar Srinivasa Nagar Extn is below this median.

Stamp duty and registration fee for property in Aravindh Nagar Srinivasa Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value amounts to Rs 9,50,000. The stamp duty at 7% would be Rs 66,500, and the registration fee at 2% would be Rs 19,000, bringing the total fees to Rs 85,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aravindh Nagar Srinivasa Nagar Extn?

The Sub Registrar Office that covers Aravindh Nagar Srinivasa Nagar Extn is 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 additional information.

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

The guideline value is a crucial factor when buying or selling property in Paruthipattu, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction.

When a property is sold, the guideline value serves as a benchmark for the transaction, helping to standardize property valuations within the area. This process helps maintain transparency in property dealings and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Aravindh Nagar Srinivasa Nagar Extn?

The current guideline value of Aravindh Nagar Srinivasa Nagar Extn is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then to Rs 900 per sq.ft in 2023, and finally to Rs 950 per sq.ft in 2024.

What is the land classification for this area?

The land classification for Aravindh Nagar Srinivasa Nagar Extn is Residential Class II Type - I.

Where can I find the registration office for this area?

The Avadi Sub Registrar Office covers Aravindh Nagar Srinivasa Nagar Extn, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 9,50,000, the stamp duty would be Rs 66,500.