Guideline Value for CAMP TONAKALA ROAD

Camp Tonakala Road guideline value

The current guideline value of Camp Tonakala Road is Rs 950 per sq.ft, effective from 1 July 2024. This road is located in Paruthipattu village under the Avadi SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Camp Tonakala Road has changed

The guideline value for Camp Tonakala Road has undergone several revisions over the years. In 2012, the guideline value was Rs 900 per sq.ft. This figure decreased to Rs 603 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 900 per sq.ft, reflecting a 49% rise. The latest revision in 2024 set the guideline value at Rs 950 per sq.ft, which is a 6% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for Camp Tonakala Road. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 6%.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO, with guideline values ranging from Rs 801 to Rs 4,730 per sq.ft. The median guideline value for these streets is Rs 1,625 per sq.ft, placing Camp Tonakala Road's 2024 figure below that median.

• Camp Road Reddypalayam: Rs 950 per sq.ft (2024)
• Canopus Magha: Rs 2,750 per sq.ft (2024)
• Buddhar Street Kamarajar Nagar: Rs 1,625 per sq.ft (2024)
• Chandra City: Rs 1,100 per sq.ft (2024)
• Chandran St: Rs 950 per sq.ft (2024)
• Bishop Colony: Rs 950 per sq.ft (2024)

Stamp duty and registration fee for property in Camp Tonakala Road

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, while the registration fee at 2% would be Rs 19,000, bringing the total cost for these 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Camp Tonakala Road?

The Sub Registrar Office that covers Camp Tonakala 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. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Paruthipattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value to avoid any legal complications. This ensures that the dues are calculated correctly and that the transaction adheres to the regulations set forth by the local authorities.

Frequently asked questions

What is the current guideline value of Camp Tonakala Road?

The current guideline value of Camp Tonakala Road 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 back to Rs 900 per sq.ft in 2023, and finally to Rs 950 per sq.ft in 2024.

What is the land classification for Camp Tonakala Road?

Camp Tonakala Road is classified under Residential Class II Type - I land classification.

Where can I find the Sub Registrar Office for Camp Tonakala Road?

The Avadi Sub Registrar Office covers Camp Tonakala Road and is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 9,50,000, the stamp duty would be Rs 66,500 and the registration fee would be Rs 19,000.