Guideline Value

Corporate

Guideline Value for DAMODARAN NAGAR 1ST CROSS ST

₹750/sq.ft.

The guideline value for Damodaran Nagar 1st Cross St in Thiruninravur-a village (Avadi SRO, Chennai zone) is Rs 750 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruninravur-a

Village

Avadi

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹750 /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 Damodaran Nagar 1st Cross St

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Damodaran Nagar 1st Cross St guideline value

The current guideline value of Damodaran Nagar 1st Cross St is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-A village, under the Avadi SRO, and is classified as Residential Class II Type - III.

How the guideline value of Damodaran Nagar 1st Cross St has changed

The guideline value for Damodaran Nagar 1st Cross St has seen several revisions over the years. The oldest recorded revision is from 2017, where the guideline value was Rs 469 per sq.ft. This figure increased significantly to Rs 700 per sq.ft in 2023, marking a 49% rise. The latest revision in 2024 has set the guideline value at Rs 750 per sq.ft, reflecting a 7% increase from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 60%.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,750 per sq.ft. The median value for these streets is Rs 750 per sq.ft, which aligns with the guideline value of Damodaran Nagar 1st Cross St.

Stamp duty and registration fee for property in Damodaran Nagar 1st Cross St

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value amounts to Rs 7,50,000. The stamp duty is charged at 7%, which comes to Rs 52,500, and the registration fee is 2%, amounting to Rs 15,000. Therefore, the total amount for stamp duty and registration fee is Rs 67,500. Please 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 Damodaran Nagar 1st Cross St?

The Sub Registrar Office that covers Damodaran Nagar 1st Cross St 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 details.

How the guideline value is used when you buy or sell in Thiruninravur-A

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

When a property is sold, the guideline value is considered to determine the applicable fees, which helps in maintaining transparency and fairness in property transactions. Buyers and sellers should be aware of the guideline value to avoid any unexpected costs during the registration process.

Frequently asked questions

What is the current guideline value of Damodaran Nagar 1st Cross St?

The current guideline value of Damodaran Nagar 1st Cross St is Rs 750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 469 per sq.ft in 2017 to Rs 750 per sq.ft in 2024, which is an overall increase of 60% over these years.

What is the stamp duty for property in Damodaran Nagar 1st Cross St?

The stamp duty for property in Damodaran Nagar 1st Cross St is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Damodaran Nagar 1st Cross St?

The Sub Registrar Office for Damodaran Nagar 1st Cross 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.

What are the other streets in Thiruninravur-A with the same guideline value?

Other streets in Thiruninravur-A that share the same guideline value of Rs 750 per sq.ft include Damodaran Nagar 2nd Cross St, Damodaran Nagar 3rd Cross St, Damodaran Nagar Main Street, and Damodaran Nagar & Streets.