Guideline Value

Corporate

Guideline Value for CHAITHANYA AVENUE PHASE II

₹330/sq.ft.

The guideline value for Chaithanya Avenue Phase Ii in Alathur village (Avadi SRO, Chennai zone) is Rs 330 per sq.ft, effective 1 July 2024. It was Rs 300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Alathur

Village

Avadi

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹330 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
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 Chaithanya Avenue Phase Ii

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Chaithanya Avenue Phase II guideline value

The current guideline value of Chaithanya Avenue Phase II is Rs 330 per sq.ft, effective from 1 July 2024. This property is located in Alathur village, under the Avadi SRO, and is classified as Residential Class I Type - I.

How the guideline value of Chaithanya Avenue Phase II has changed

The guideline value for Chaithanya Avenue Phase II has seen several revisions over the years. The register has no figure for this street in the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 300 per sq.ft, and in the latest 2024 revision, it increased to Rs 330 per sq.ft, reflecting a change of +10%.

As of 2024, the current guideline value of Rs 330 per sq.ft is equal to the median value of Rs 330 per sq.ft for the seven streets in Alathur under the Avadi SRO that carry a 2024 figure, ranging from Rs 330 to Rs 420 per sq.ft.

Guideline values in Alathur

In Alathur, the guideline values for various streets reflect a range, with Chaithanya Avenue Phase II positioned at the median of Rs 330 per sq.ft. The following are the other streets in Alathur:

Stamp duty and registration fee for property in Chaithanya Avenue Phase II

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, making the total fees together Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chaithanya Avenue Phase II?

The Sub Registrar Office that covers Chaithanya Avenue Phase II is the Avadi Sub Registrar Office. The address is 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 Alathur

The guideline value is a critical factor during property transactions in Alathur, as it determines the amount of stamp duty and registration fees payable at the time of registration. Buyers and sellers must consider the guideline value to ensure compliance with local regulations and to accurately calculate the associated costs of the transaction.

When a property is sold or purchased, the guideline value serves as a benchmark for determining the minimum value at which the property can be registered. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Chaithanya Avenue Phase II?

The current guideline value of Chaithanya Avenue Phase II is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Chaithanya Avenue Phase II has changed from Rs 300 per sq.ft in 2023 to Rs 330 per sq.ft in 2024, reflecting a 10% increase. The register has no figure for this street in the years 2002, 2003, 2007, 2012, and 2017.

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

For a property valued at Rs 3,30,000, the stamp duty is Rs 23,100 at 7%, and the registration fee is Rs 6,600 at 2%. The total fees would amount to Rs 29,700, charged on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Chaithanya Avenue Phase II?

The Avadi Sub Registrar Office covers Chaithanya Avenue Phase II. It is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

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

The guideline value is significant as it determines the minimum value for property registration, influencing the stamp duty and registration fees payable. It ensures compliance with local regulations and helps in accurate financial planning during property transactions.