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Guideline Value

Corporate

Guideline Value for Avadi Srinivasa IyerStreet

₹4800/sq.ft.

The guideline value for Avadi Srinivasa Iyerstreet in Vepery village (Periamet SRO, Chennai zone) is Rs 4800 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vepery

Village

Periamet

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹4800 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹605 /sq.ft.
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)

1103, Poonamallee High Road, Chennai-600 003.
044-25612486
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Srinivasa Iyerstreet

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Avadi Srinivasa IyerStreet guideline value

The current guideline value of Avadi Srinivasa IyerStreet is Rs 4,800 per sq.ft, effective from 1 July 2024. This street is located in Vepery village, under the Periamet Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - II.

How the guideline value of Avadi Srinivasa IyerStreet has changed

Over the years, the guideline value of Avadi Srinivasa IyerStreet has seen significant changes. In the 2007 revision, the guideline value was Rs 605 per sq.ft. This increased dramatically to Rs 4,500 per sq.ft in the 2012 revision, marking a rise of 644%. However, the value then decreased to Rs 3,015 per sq.ft in 2017, a drop of 33%. The guideline value continued to rise, reaching Rs 4,500 per sq.ft in 2023, and finally, it stands at Rs 4,800 per sq.ft in the 2024 revision, reflecting a 7% increase from the previous year.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 693%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Vepery

In Vepery, there are 290 streets under the Periamet SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 22,000 per sq.ft. The median guideline value for these streets is Rs 4,800 per sq.ft, which is equal to the current guideline value of Avadi Srinivasa IyerStreet.

Stamp duty and registration fee for property in Avadi Srinivasa IyerStreet

For a 1,000 sq.ft plot at the current guideline value of Rs 4,800 per sq.ft, the total guideline value amounts to Rs 48,00,000. The stamp duty at 7% would be Rs 3,36,000, and the registration fee at 2% would be Rs 96,000, bringing the total fees to Rs 4,32,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Avadi Srinivasa IyerStreet?

The Avadi Srinivasa IyerStreet falls under the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process for property transactions in Vepery. It serves as a benchmark for determining the minimum value for which a property can be registered, ensuring that the registration fees and stamp duties are calculated accurately based on this value.

When buying or selling property, the guideline value helps to establish a fair transaction value, which is essential for both buyers and sellers. It is important to be aware of the current guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Avadi Srinivasa IyerStreet?

The current guideline value of Avadi Srinivasa IyerStreet is Rs 4,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 605 per sq.ft in 2007 to Rs 4,800 per sq.ft in 2024, reflecting an overall increase of 693% over this period.

What is the land classification for Avadi Srinivasa IyerStreet?

The land classification for Avadi Srinivasa IyerStreet is Residential Class II Type - II.

Where can I find the registration office for Avadi Srinivasa IyerStreet?

The registration office for Avadi Srinivasa IyerStreet is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How is stamp duty calculated for property transactions in Vepery?

Stamp duty is calculated based on the higher of the guideline value or the sale price. It is typically charged at 7% of the guideline value, with additional registration fees applicable.