Guideline Value

Corporate

Guideline Value for ELITE AVENUE

₹2200/sq.ft.

The guideline value for Elite Avenue in Paleripattu village (Avadi SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paleripattu

Village

Avadi

SRO

Mixed Type - III
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2000 /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 Elite Avenue

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Elite Avenue guideline value

The current guideline value of Elite Avenue in Paleripattu village, under the Avadi SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is classified as Mixed Type - III.

How the guideline value of Elite Avenue has changed

The guideline value for Elite Avenue has seen several revisions over the years. The 2017 revision set the value at Rs 2,000 per sq.ft, which remained unchanged in the 2023 revision. However, the 2024 revision introduced a new rate of Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

Prior to the 2017 revision, the register has no figure for this street for the years 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, there has been a 10% increase in the guideline value.

Guideline values in Paleripattu

Paleripattu village has 111 streets under the Avadi SRO, with 2024 guideline values ranging from Rs 801 to Rs 4,200 per sq.ft. The median guideline value for these streets is Rs 990 per sq.ft, placing Elite Avenue's 2024 figure above this median.

Stamp duty and registration fee for property in Elite Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Elite Avenue?

The Sub Registrar Office covering Elite Avenue 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 information.

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

The guideline value is a crucial factor in property transactions in Paleripattu. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers should be aware that the guideline value is often considered the minimum value for registration purposes.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the actual sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Elite Avenue?

The current guideline value of Elite Avenue is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Elite Avenue was Rs 2,000 per sq.ft in both the 2017 and 2023 revisions. It increased to Rs 2,200 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

What is the median guideline value in Paleripattu?

The median guideline value for the 111 streets in Paleripattu is Rs 990 per sq.ft. Elite Avenue's guideline value is above this median.

What are the stamp duty rates applicable in Elite Avenue?

The stamp duty rate for property transactions in Elite Avenue is 7%. This is calculated based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Elite Avenue located?

The Avadi Sub Registrar Office, which covers Elite Avenue, is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.