Guideline Value for ENNAI PETRA THAIYAR NAGAR

Ennai Petra Thaiyar Nagar guideline value

The current guideline value of Ennai Petra Thaiyar Nagar is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in the Thiruninravur-A village, under the Avadi SRO, and is classified as Residential Class I Type - IV.

How the guideline value of Ennai Petra Thaiyar Nagar has changed

The guideline value for Ennai Petra Thaiyar Nagar has undergone several revisions over the years. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017. The most recent figures show that in 2023, the guideline value was Rs 603 per sq.ft, which increased by 9% to Rs 660 per sq.ft in 2024.

Prior to the 2023 revision, there was no available figure for the street. The 2024 revision reflects a notable increase, aligning with the overall trend of guideline values in the area.

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 of Ennai Petra Thaiyar Nagar is below this median.

• Ellammal Koil Street: Rs 440 per sq.ft (2024)
• E.B.Colony Streets: Rs 840 per sq.ft (2024)
• Durasami Avenue & Streets: Rs 750 per sq.ft (2024)
• D.S.Avenue: Rs 770 per sq.ft (2024)
• Ganapathy Nagar & Streets: Rs 840 per sq.ft (2024)
• Drr Nagar: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Ennai Petra Thaiyar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ennai Petra Thaiyar Nagar?

The Sub Registrar Office that covers Ennai Petra Thaiyar Nagar 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 during property transactions in Thiruninravur-A, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration requirements.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the state government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ennai Petra Thaiyar Nagar?

The current guideline value of Ennai Petra Thaiyar Nagar is Rs 660 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 603 per sq.ft in 2023 to Rs 660 per sq.ft in 2024, marking a 9% increase.

What is the land classification for Ennai Petra Thaiyar Nagar?

Ennai Petra Thaiyar Nagar is classified as Residential Class I Type - IV.

Where can I find the Sub Registrar Office for Ennai Petra Thaiyar Nagar?

The Sub Registrar Office for Ennai Petra Thaiyar Nagar is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Ennai Petra Thaiyar Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. In addition, a registration fee of 2% is charged on the same amount.