Guideline Value

Corporate

Guideline Value for CHENNAI BANGALORE HIGHWAYS

₹3564/sq.ft.

The guideline value for Chennai Bangalore Highways in Kuthampakkam village (Avadi SRO, Chennai zone) is Rs 3564 per sq.ft, effective 1 July 2024. It was Rs 3240 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kuthampakkam

Village

Avadi

SRO

Commercial Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹3564 /sq.ft.
From 1-4-2023 ₹3240 /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 Chennai Bangalore Highways

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Chennai Bangalore Highways guideline value

The current guideline value for Chennai Bangalore Highways is Rs 3,564 per sq.ft, effective from 1 July 2024. This area is located in Kuthampakkam village, under the Avadi SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Chennai Bangalore Highways has changed

The guideline value for Chennai Bangalore Highways has undergone several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 3,240 per sq.ft, which increased by 10% to Rs 3,564 per sq.ft in the 2024 revision.

This increase reflects the changes made in the most recent revision. The 2024 figure of Rs 3,564 per sq.ft is significantly higher compared to the previous year's rate of Rs 3,240 per sq.ft.

Guideline values in Kuthampakkam

In Kuthampakkam, there are 19 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 3,564 per sq.ft. The median guideline value for the area is Rs 1,642 per sq.ft, placing the Chennai Bangalore Highways guideline value above this median.

Stamp duty and registration fee for property in Chennai Bangalore Highways

For a 1,000 sq.ft plot at the current guideline value of Rs 3,564 per sq.ft, the total guideline value amounts to Rs 35,64,000. The stamp duty at 7% would be Rs 2,49,480, and the registration fee at 2% would be Rs 71,280, bringing the total cost for duty and registration to Rs 3,20,760. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chennai Bangalore Highways?

The Chennai Bangalore Highways falls under 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kuthampakkam. It serves as a benchmark for assessing the value of the property and determining the applicable stamp duty and registration fees.

When a property is registered, the guideline value is used to calculate the stamp duty, which is charged at a percentage of the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Chennai Bangalore Highways?

The current guideline value for Chennai Bangalore Highways is Rs 3,564 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

Recently, the guideline value increased from Rs 3,240 per sq.ft in 2023 to Rs 3,564 per sq.ft in 2024, reflecting a 10% increase.

What is the median guideline value in Kuthampakkam?

The median guideline value in Kuthampakkam is Rs 1,642 per sq.ft, with the Chennai Bangalore Highways guideline value being above this median.

Where is the Avadi Sub Registrar Office located?

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

How is the stamp duty calculated for properties in Chennai Bangalore Highways?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 35,64,000, the stamp duty would be Rs 2,49,480 at a rate of 7%.