Guideline Value

Corporate

Guideline Value for CHANDIRASEKAR NAGAR

₹770/sq.ft.

The guideline value for Chandirasekar Nagar in Thiruninravur-b village (Avadi SRO, Chennai zone) is Rs 770 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruninravur-b

Village

Avadi

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹770 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
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 Chandirasekar Nagar

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Chandirasekar Nagar guideline value

The current guideline value of Chandirasekar Nagar is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-B village under the Avadi SRO, classified as Residential Class II Type - III.

How the guideline value of Chandirasekar Nagar has changed

The guideline value for Chandirasekar Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 770 per sq.ft, an increase of 10% from the 2023 revision, which was Rs 700 per sq.ft. Prior to that, in 2017, the value was Rs 469 per sq.ft, marking a significant increase of 49% to the 2023 figure. The overall change from 2017 to 2024 reflects a total increase of 64%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. The revisions have shown a consistent upward trend in the guideline value, particularly from 2017 to 2024.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 1,760 per sq.ft. The median value for these streets is Rs 770 per sq.ft, which is equal to the guideline value of Chandirasekar Nagar.

Stamp duty and registration fee for property in Chandirasekar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total fees to Rs 69,300. 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 Chandirasekar Nagar?

The Sub Registrar Office that covers Chandirasekar Nagar 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 Thiruninravur-B

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruninravur-B. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than fluctuating market prices.

When a property is registered, the guideline value is used to determine the applicable stamp duty and registration fees. This ensures transparency and consistency in property transactions, protecting both buyers and sellers in the real estate market.

Frequently asked questions

What is the current guideline value of Chandirasekar Nagar?

The current guideline value of Chandirasekar Nagar is Rs 770 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 770 per sq.ft in 2024, reflecting an overall increase of 64% over this period.

What is the registration office for Chandirasekar Nagar?

The Avadi Sub Registrar Office covers Chandirasekar Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated in Chandirasekar Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 7,70,000 would incur a stamp duty of Rs 53,900 at 7%.

Are there other streets in Thiruninravur-B with the same guideline value?

Yes, several other streets in Thiruninravur-B also have a guideline value of Rs 770 per sq.ft as of 2024, including Bismillah St, Bhavani Nagar, and various streets in Damodaran Nagar.