Guideline Value

Corporate

Guideline Value for DEVAKI AVENUE PHASE 2

₹950/sq.ft.

The guideline value for Devaki Avenue Phase 2 in Thiruninravur-a village (Avadi SRO, Chennai zone) is Rs 950 per sq.ft, effective 1 July 2024. It was Rs 871 per sq.ft from 1 April 2023, a 9% change. The land classification is Commercial Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruninravur-a

Village

Avadi

SRO

Commercial Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹950 /sq.ft.
From 1-4-2023 ₹871 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹871 /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 Devaki Avenue Phase 2

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Devaki Avenue Phase 2 guideline value

The current guideline value of Devaki Avenue Phase 2 is Rs 950 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-A village and falls under the Avadi SRO. The land classification for this street is Commercial Class I Type - III.

How the guideline value of Devaki Avenue Phase 2 has changed

In the 2017 revision, the guideline value for Devaki Avenue Phase 2 was Rs 871 per sq.ft. This figure remained unchanged in the 2023 revision. However, with the 2024 revision, the guideline value increased to Rs 950 per sq.ft, marking a change of +9% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by +9%. The register has no figure for this street in the years 2002, 2003, 2007, and 2012.

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, with a median value of Rs 750 per sq.ft. The guideline value for Devaki Avenue Phase 2 is above this median.

Stamp duty and registration fee for property in Devaki Avenue Phase 2

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value would be Rs 9,50,000. The stamp duty at 7% would amount to Rs 66,500, and the registration fee at 2% would be Rs 19,000, bringing the total fees together to Rs 85,500. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Devaki Avenue Phase 2?

The Sub Registrar Office that covers Devaki Avenue Phase 2 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 details.

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

The guideline value is a crucial factor when registering property transactions in Thiruninravur-A. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable during the transaction.

When buying or selling property, it is essential to be aware of the guideline value, as it affects the overall cost of the transaction. Buyers should ensure they are informed about the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Devaki Avenue Phase 2?

The current guideline value of Devaki Avenue Phase 2 is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Devaki Avenue Phase 2 was Rs 871 per sq.ft in 2017 and remained the same in 2023. It increased to Rs 950 per sq.ft in 2024, marking a total increase of +9% from 2017 to 2024.

What are the stamp duty and registration fees for property in Devaki Avenue Phase 2?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 9,50,000. The stamp duty would be Rs 66,500, and the registration fee would be Rs 19,000, totaling Rs 85,500.

Which office handles registrations for Devaki Avenue Phase 2?

The Avadi Sub Registrar Office handles registrations for Devaki Avenue Phase 2. It 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 of a property and is essential for calculating stamp duty and registration fees. It ensures that the property is registered at a fair value in accordance with government regulations.