Guideline Value

Corporate

Guideline Value for DEEPAM AVENUE

₹165/sq.ft.

The guideline value for Deepam Avenue in Nayar village (Ponneri SRO, Chennai zone) is Rs 165 per sq.ft, effective 1 July 2024. It was Rs 150 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nayar

Village

Ponneri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹165 /sq.ft.
From 1-4-2023 ₹150 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹100 /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)

9/5,taluk Office Road, Ponneri, Chennai-601204
044-27974517
[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 Deepam Avenue

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Deepam Avenue guideline value

The current guideline value of Deepam Avenue in Nayar village is Rs 165 per sq.ft, effective from 1 July 2024. This property falls under the Ponneri Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Deepam Avenue has changed

The guideline value for Deepam Avenue has undergone several revisions over the years. The earliest available figure is from the 2017 revision, which set the value at Rs 100 per sq.ft. This was followed by a significant increase to Rs 150 per sq.ft in the 2023 revision, marking a 50% rise. The most recent revision in 2024 saw the guideline value increase further to Rs 165 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 65%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for Deepam Avenue.

Guideline values in Nayar

In Nayar village, there are eight streets under the Ponneri SRO that carry a 2024 guideline value of Rs 165 per sq.ft, with this street's figure aligning with the median value of Rs 165 per sq.ft. Below are the other streets in Nayar:

Stamp duty and registration fee for property in Deepam Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 165 per sq.ft, the total guideline value amounts to Rs 1,65,000. The stamp duty, calculated at 7%, would be Rs 11,550, while the registration fee at 2% would be Rs 3,300. In total, the fees would amount to Rs 14,850. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Deepam Avenue?

The Sub Registrar Office that covers Deepam Avenue is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. To find your specific SRO, you can visit find your SRO.

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

The guideline value is an essential reference point when buying or selling property in Nayar. It is used to determine the stamp duty and registration fees payable during the property transaction process. Buyers and sellers should be aware that the guideline value can influence the overall costs associated with property registration.

When registering a property, the guideline value serves as a baseline for calculating the applicable duties and fees. It is crucial for both parties in a transaction to understand this value to ensure compliance with local regulations and to accurately assess the financial implications of the sale.

Frequently asked questions

What is the current guideline value of Deepam Avenue?

The current guideline value of Deepam Avenue is Rs 165 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 100 per sq.ft in 2017 to Rs 165 per sq.ft in 2024, marking an overall increase of 65% over this period.

What are the other streets in Nayar with the same guideline value?

Other streets in Nayar that share the same guideline value of Rs 165 per sq.ft include Bharathi Nagar Garden, Bharathi Nagar, Green Park Avenue, Anjeneyar Nagar, Sabharis Garden -I, and Sri Balaji Nagar.

Where is the Ponneri Sub Registrar Office located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the stamp duty calculated for properties in Deepam Avenue?

Stamp duty for properties in Deepam Avenue is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would amount to Rs 11,550 based on the current guideline value.