Guideline Value

Corporate

Guideline Value for AVADI BUS STAND to MURUGAPPA POLYTECHNIC

₹3300/sq.ft.

The guideline value for Avadi Bus Stand To Murugappa Polytechnic in Paruthipattu village (Avadi SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paruthipattu

Village

Avadi

SRO

Commercial Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /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 Bus Stand To Murugappa Polytechnic

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AVADI BUS STAND to MURUGAPPA POLYTECHNIC guideline value

The current guideline value for the stretch from AVADI BUS STAND to MURUGAPPA POLYTECHNIC is Rs 3,300 per sq.ft, effective from 1 July 2024. This area falls under Paruthipattu village, Avadi SRO, and is classified as Commercial Special Type - II.

How the guideline value of AVADI BUS STAND to MURUGAPPA POLYTECHNIC has changed

Over the years, the guideline value for this stretch has seen several revisions. The 2012 revision set the value at Rs 3,000 per sq.ft, which was then reduced to Rs 2,010 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 3,000 per sq.ft in the 2023 revision, and finally, it rose to Rs 3,300 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

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 the stretch from AVADI BUS STAND to MURUGAPPA POLYTECHNIC is above this median.

Stamp duty and registration fee for property in AVADI BUS STAND to MURUGAPPA POLYTECHNIC

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty, calculated at 7%, would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For a detailed calculation, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers AVADI BUS STAND to MURUGAPPA POLYTECHNIC?

The AVADI BUS STAND to MURUGAPPA POLYTECHNIC area is covered by 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 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 applicable stamp duty and registration fees, ensuring that the transaction is legally documented and recognized by the authorities.

When a property is sold, the guideline value serves as a benchmark for taxation purposes. Buyers and sellers must be aware of this value to avoid any discrepancies during the registration process, as it affects the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for AVADI BUS STAND to MURUGAPPA POLYTECHNIC?

The current guideline value for the stretch from AVADI BUS STAND to MURUGAPPA POLYTECHNIC is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, marking a 10% increase. It was Rs 2,010 per sq.ft in 2017, which indicates a significant increase of 49% to the 2023 figure.

What land classification is assigned to this area?

The land classification for the area from AVADI BUS STAND to MURUGAPPA POLYTECHNIC is Commercial Special Type - II.

Where can I find the registration office for this area?

The registration office covering this area 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 this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at a rate of 7%.