Guideline Value

Corporate

Guideline Value for AVADI - POONAMALLEE ROAD

₹2610/sq.ft.

The guideline value for Avadi - Poonamallee Road in Paruthipattu village (Avadi SRO, Chennai zone) is Rs 2610 per sq.ft, effective 1 July 2024. It was Rs 2400 per sq.ft from 1 April 2023, a 9% change. The land classification is Commercial Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paruthipattu

Village

Avadi

SRO

Commercial Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹2610 /sq.ft.
From 1-4-2023 ₹2400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1172 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1750 /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 Avadi - Poonamallee Road

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Avadi - Poonamallee Road guideline value

The current guideline value of Avadi - Poonamallee Road is Rs 2,610 per sq.ft, effective from 1 July 2024. This road is located in Paruthipattu village, under the Avadi Sub Registrar Office (SRO). The land classification for this area is Commercial Class I Type - II.

How the guideline value of Avadi - Poonamallee Road has changed

The guideline value for Avadi - Poonamallee Road has seen several revisions over the years. In the 2012 revision, the value was Rs 1,750 per sq.ft. This increased to Rs 1,172 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value surged to Rs 2,400 per sq.ft, reflecting a significant increase of 105%. The most recent revision in 2024 set the value at Rs 2,610 per sq.ft, which is an increase of 9% from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO carrying a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft. The median value for these streets is Rs 1,625 per sq.ft, placing Avadi - Poonamallee Road's 2024 figure above this median.

  • AVADI BUS STAND to MURUGAPPA POLYTECHNIC: Rs 3,300 per sq.ft (2024)
  • AVADI to POOVAI ROAD: Rs 2,610 per sq.ft (2024)
  • Bajaa Nagar: Rs 1,625 per sq.ft (2024)
  • Bajaa Nagar 1st Street: Rs 1,625 per sq.ft (2024)
  • Bajaa Nagar 2nd Street: Rs 1,625 per sq.ft (2024)
  • Bajaa Nagar 3rd Street: Rs 1,625 per sq.ft (2024)

Stamp duty and registration fee for property in Avadi - Poonamallee Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,610 per sq.ft, the total guideline value would be Rs 26,10,000. The stamp duty at 7% would amount to Rs 1,82,700, and the registration fee at 2% would be Rs 52,200. Together, the total cost for stamp duty and registration would be Rs 2,34,900. 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 Avadi - Poonamallee Road?

The Avadi - Poonamallee Road is covered by the Avadi Sub Registrar Office. The office is 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 details.

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

The guideline value is an essential factor during property registration in Paruthipattu. It serves as a benchmark for determining the minimum value at which a property can be registered. This ensures that the transaction reflects a fair value for taxation purposes.

When buying or selling property, the guideline value will influence the stamp duty and registration fees applicable to the transaction. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Avadi - Poonamallee Road?

The current guideline value of Avadi - Poonamallee Road is Rs 2,610 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,750 per sq.ft in 2012 to Rs 2,610 per sq.ft in 2024, showing an overall increase of 49% over this period.

What are the stamp duty and registration fees for properties in this area?

Stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would be Rs 2,34,900.

Which office handles property registrations for Avadi - Poonamallee Road?

The property registrations for Avadi - Poonamallee Road are handled by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum registration value for properties, which affects the stamp duty and registration fees. It ensures that property transactions are recorded at a fair value for taxation purposes.