Guideline Value

Corporate

Guideline Value for DAMODARAN NAGAR 1ST CROSS ST

₹770/sq.ft.

The guideline value for Damodaran Nagar 1st Cross St 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 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 770 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-B village under the Avadi SRO, 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 figure is from the 2017 revision, which was Rs 469 per sq.ft. This increased to Rs 700 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 770 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-B

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

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Damodaran Nagar 1st Cross St?

The Damodaran Nagar 1st Cross St falls under the jurisdiction of 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 Thiruninravur-B

The guideline value is a crucial factor when buying or selling property in Thiruninravur-B. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately for taxation purposes.

When registering a property, the buyer must consider the guideline value as it affects the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives appropriate revenue from property transactions.

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 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, and then to Rs 770 per sq.ft in 2024, representing an overall increase of 64% from 2017 to 2024.

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 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, this amounts to Rs 53,900 based on the current guideline value.

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 guideline value used in property transactions?

The guideline value is used to determine the minimum registration value for properties, impacting the stamp duty and registration fees. It ensures that property transactions are recorded accurately for taxation purposes.