Guideline Value

Corporate

Guideline Value for CROWN CITY

₹4400/sq.ft.

The guideline value for Crown City in Paruthipattu village (Avadi SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paruthipattu

Village

Avadi

SRO

Residential Class III Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /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]

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Crown City guideline value

The current guideline value for Crown City, located in Paruthipattu village under the Avadi SRO, is Rs 4,400 per sq.ft as per the 2024 revision effective from 1 July 2024. This area is classified as Residential Class III Type - II.

How the guideline value of Crown City has changed

Over the years, the guideline value for Crown City has seen several revisions. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 4,000 per sq.ft, which was an increase from the previous figures. The latest revision in 2024 reflects a 10% increase to Rs 4,400 per sq.ft.

This increase from Rs 4,000 to Rs 4,400 per sq.ft in 2024 indicates a significant adjustment in the guideline value. The current rate is now above the median guideline value of Rs 1,625 per sq.ft for the 486 streets in Paruthipattu under the Avadi SRO.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets with a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft. Crown City’s current value is above the median of Rs 1,625 per sq.ft. The following are other streets in Paruthipattu:

Stamp duty and registration fee for property in Crown City

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees to Rs 3,96,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Crown City?

The Sub Registrar Office that covers Crown City 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 Paruthipattu

The guideline value is a crucial factor in the registration of property transactions in Paruthipattu. It serves as the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in determining the applicable stamp duty and registration fees, which are calculated based on this value. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Crown City?

The current guideline value of Crown City is Rs 4,400 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2023 to Rs 4,400 per sq.ft in 2024, reflecting a 10% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Paruthipattu?

The median guideline value in Paruthipattu is Rs 1,625 per sq.ft. Crown City’s current guideline value is above this median.

What are the stamp duty and registration fees for Crown City?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registration for Crown City?

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