Guideline Value

Corporate

Guideline Value for CHIDAMBARAM ST

₹804/sq.ft.

The guideline value for Chidambaram St in Mitnamalle village (Avadi SRO, Chennai zone) is Rs 804 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 101% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mitnamalle

Village

Avadi

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹804 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
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]

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Chidambaram St guideline value

The current guideline value of Chidambaram St is Rs 804 per sq.ft, effective from 1 July 2024. This street is located in Mitnamalle village and falls under the Avadi SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Chidambaram St has changed

Over the years, the guideline value of Chidambaram St has undergone several revisions. The 2012 revision set the value at Rs 400 per sq.ft, which later increased to Rs 268 per sq.ft in 2017. However, this figure was revised to Rs 400 per sq.ft again in 2012. From 2017 to 2023, the value rose to Rs 400 per sq.ft, marking a 49% increase. The most significant change occurred between 2023 and 2024, where the value jumped to Rs 804 per sq.ft, reflecting a 101% increase. The register has no figure for this street for the years 2002, 2003, and 2007.

Overall, from 2012 to 2024, the guideline value has increased by 101%. The current value of Rs 804 per sq.ft is a notable rise from the Rs 400 per sq.ft recorded in 2023 and significantly higher than the Rs 268 per sq.ft from 2017.

Guideline values in Mitnamalle

In Mitnamalle, there are 53 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,550 per sq.ft, with a median value of Rs 802 per sq.ft. Chidambaram St's 2024 figure of Rs 804 per sq.ft is above the median for the village.

Stamp duty and registration fee for property in Chidambaram St

For a 1,000 sq.ft plot at the current guideline value of Rs 804 per sq.ft, the total guideline value amounts to Rs 8,04,000. The stamp duty at 7% would be Rs 56,280, and the registration fee at 2% would be Rs 16,080, bringing the total to Rs 72,360. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chidambaram St?

The Sub Registrar Office that covers Chidambaram St 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 Mitnamalle

The guideline value is a crucial factor during the registration process when buying or selling property in Mitnamalle. It serves as a benchmark for determining the stamp duty and registration fees that must be paid, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the guideline value helps in establishing a fair price for taxation purposes. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations and to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Chidambaram St?

The current guideline value of Chidambaram St is Rs 804 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent increase from Rs 400 per sq.ft in 2023 to Rs 804 per sq.ft in 2024, a change of 101%. Overall, from 2012 to 2024, the value has increased by 101%.

What is the land classification for Chidambaram St?

Chidambaram St is classified as Residential Class II Type - II, indicating its suitability for residential development.

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 Chidambaram St?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 804 per sq.ft, the stamp duty would be Rs 56,280.