Guideline Value

Corporate

Guideline Value for CHAITHANYA AVENUE PHASE I

₹330/sq.ft.

The guideline value for Chaithanya Avenue Phase I 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 I

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Chaithanya Avenue Phase I guideline value

The current guideline value of Chaithanya Avenue Phase I is Rs 330 per sq.ft. This property is located in Alathur village under the Avadi Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - I.

How the guideline value of Chaithanya Avenue Phase I has changed

Looking at the revisions, the register has no figure for Chaithanya Avenue Phase I for the years 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 300 per sq.ft in the 2023 revision, and it has increased by 10% to Rs 330 per sq.ft in the 2024 revision, which is effective from 1 July 2024.

This increase reflects the changes in the guideline value over the years, with the most recent adjustment occurring in 2024. The 2024 figure aligns with the median value of Rs 330 per sq.ft for other streets in Alathur under the Avadi SRO.

Guideline values in Alathur

In Alathur, there are seven streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 420 per sq.ft. Chaithanya Avenue Phase I's 2024 figure of Rs 330 per sq.ft is equal to the median value of the area.

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

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, bringing the total to Rs 29,700. Please note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chaithanya Avenue Phase I?

The Sub Registrar Office that covers Chaithanya Avenue Phase I 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 Alathur

The guideline value is a critical factor in the registration process when buying or selling property in Alathur. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to ensure that the transaction is registered at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2023 to Rs 330 per sq.ft in 2024, reflecting a 10% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What other streets in Alathur have a guideline value?

Other streets in Alathur under the Avadi SRO include Chaithanya Avenue Phase II, Main City, Pakkam City, Pakkam City Phase I, and Rajeswari Garden, with values ranging from Rs 330 to Rs 420 per sq.ft.

What are the stamp duty and registration fees for properties in Chaithanya Avenue Phase I?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total costs would amount to Rs 29,700, including both fees.

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

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