Guideline Value for F.C.I.ROAD

F.C.I.Road guideline value

The current guideline value for F.C.I.Road in Thandurai village is Rs 988 per sq.ft, effective from 1 July 2024. This area falls under the Avadi SRO and is classified as Residential Class II Type - I.

How the guideline value of F.C.I.Road has changed

The guideline value for F.C.I.Road has seen several changes over the years. The register shows that in 2002, the value was Rs 63 per sq.ft. This increased to Rs 72 per sq.ft in 2003, marking a 14% rise. The value then rose significantly to Rs 283 per sq.ft in 2007, which was a 293% increase. Following this, the value jumped to Rs 900 per sq.ft in 2012, reflecting a 218% increase. However, it decreased to Rs 603 per sq.ft in 2017, a drop of 33%. The value then increased to Rs 900 per sq.ft in 2023, before reaching the current value of Rs 988 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1468%. There are no figures available for the years not listed in the register for this street.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,640 per sq.ft. The median value is Rs 988 per sq.ft, which is the same as the guideline value for F.C.I.Road.

• Farmers St: Rs 800 per sq.ft (2024)
• E.V.R.St (M.T.H.Road Northern Side): Rs 988 per sq.ft (2024)
• E.V.R 1,2,3,4,5, Streets: Rs 988 per sq.ft (2024)
• Gandhi St,Kakkanji Nagar: Rs 988 per sq.ft (2024)
• Gandhi St (M.T.H.Road Southern Side): Rs 988 per sq.ft (2024)
• Elango St (Ambedkar Nagar): Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in F.C.I.Road

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value would be Rs 9,88,000. The stamp duty at 7% would amount to Rs 69,160, and the registration fee at 2% would be Rs 19,760, totaling Rs 88,920. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers F.C.I.Road?

The F.C.I.Road is covered by 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 Thandurai

The guideline value is a critical factor when registering property in Thandurai. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased. At the time of registration, the guideline value is used to calculate the applicable stamp duty and registration fees.

When a buyer or seller engages in a transaction, the registration office will refer to the guideline value to ensure compliance with legal requirements. This ensures that the property is valued appropriately and that the necessary fees are collected based on the established rates.

Frequently asked questions

What is the current guideline value for F.C.I.Road?

The current guideline value for F.C.I.Road is Rs 988 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 63 per sq.ft in 2002 to Rs 988 per sq.ft in 2024, reflecting an overall increase of 1468%.

What are the stamp duty rates applicable for properties in F.C.I.Road?

The stamp duty for properties in F.C.I.Road is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for F.C.I.Road?

The Sub Registrar Office covering F.C.I.Road is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the classification of land for F.C.I.Road?

The land classification for F.C.I.Road is Residential Class II Type - I, indicating its designated use for residential purposes.