Guideline Value

Corporate

Guideline Value for AVADI to POOVAI ROAD

₹2610/sq.ft.

The guideline value for Avadi To Poovai 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 To Poovai Road

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AVADI to POOVAI ROAD guideline value

The current guideline value of AVADI to POOVAI ROAD is Rs 2,610 per sq.ft, effective from 1 July 2024. This road is located in Paruthipattu village and falls under the Avadi SRO with a land classification of Commercial Class I Type - II.

How the guideline value of AVADI to POOVAI ROAD has changed

The guideline value for AVADI to POOVAI ROAD has seen several revisions over the years. The 2012 revision set the value at Rs 1,750 per sq.ft, which then decreased to Rs 1,172 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,400 per sq.ft in 2023, and further rose to Rs 2,610 per sq.ft in 2024, marking a 9% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 49%. 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. The median value for these streets is Rs 1,625 per sq.ft, making the guideline value for AVADI to POOVAI ROAD above this median.

Stamp duty and registration fee for property in AVADI to POOVAI ROAD

For a 1,000 sq.ft plot at the current rate of Rs 2,610 per sq.ft, the guideline value amounts to Rs 26,10,000. The stamp duty at 7% would be Rs 1,82,700, and the registration fee at 2% would be Rs 52,200, bringing the total to 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.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers AVADI to POOVAI ROAD?

The AVADI to POOVAI ROAD 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 in property transactions in Paruthipattu. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for legal ownership transfer. This ensures that the transaction is transparent and adheres to the legal framework established by the government.

Frequently asked questions

What is the current guideline value of AVADI to POOVAI ROAD?

The current guideline value of AVADI to POOVAI 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, reflecting an overall increase of 49% over this period.

What is the registration office for AVADI to POOVAI ROAD?

The registration office for AVADI to POOVAI ROAD 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 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, a property valued at Rs 26,10,000 would incur a stamp duty of Rs 1,82,700 at 7%.

What are the other streets with guideline values in Paruthipattu?

Other streets in Paruthipattu have varying guideline values, with rates ranging from Rs 801 to Rs 4,730 per sq.ft. Notably, Avadi - Poonamallee Road shares the same guideline value of Rs 2,610 per sq.ft as AVADI to POOVAI ROAD.