Guideline Value

Corporate

Guideline Value for GANDHI CROSS ST KANNIGAPURAM

₹1625/sq.ft.

The guideline value for Gandhi Cross St Kannigapuram in Paruthipattu village (Avadi SRO, Chennai zone) is Rs 1625 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paruthipattu

Village

Avadi

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1625 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
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 Gandhi Cross St Kannigapuram

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Gandhi Cross St Kannigapuram guideline value

The current guideline value for Gandhi Cross St Kannigapuram is Rs 1,625 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village and falls under the Avadi SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Gandhi Cross St Kannigapuram has changed

Over the years, the guideline value for Gandhi Cross St Kannigapuram has seen several revisions. The earliest recorded value was Rs 500 per sq.ft in 2007. This increased to Rs 1,200 per sq.ft in 2012, but then dropped to Rs 804 per sq.ft in 2017. The value then rose significantly to Rs 1,500 per sq.ft in 2023, and most recently, it has been revised to Rs 1,625 per sq.ft in 2024.

Examining the changes between revisions, we see a rise of 140% from 2007 to 2012, followed by a decrease of 33% from 2012 to 2017. A substantial increase of 87% occurred from 2017 to 2023, and the latest revision from 2023 to 2024 reflects an increase of 8%. Overall, from 2007 to 2024, the guideline value has increased by 225%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO, with guideline values ranging from Rs 801 to Rs 4,730 per sq.ft. The median guideline value is Rs 1,625 per sq.ft, which is equal to the current value of Gandhi Cross St Kannigapuram.

Stamp duty and registration fee for property in Gandhi Cross St Kannigapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,625 per sq.ft, the total guideline value would be Rs 16,25,000. The stamp duty at 7% would amount to Rs 1,13,750, and the registration fee at 2% would be Rs 32,500. Together, the total cost for stamp duty and registration fee would be Rs 1,46,250. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gandhi Cross St Kannigapuram?

The Sub Registrar Office covering Gandhi Cross St Kannigapuram is the Avadi Sub Registrar Office. The address is 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 Paruthipattu

The guideline value is a crucial factor when registering a property in Paruthipattu. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid during the transaction. This ensures that the government receives the appropriate revenue based on the property's value.

When buying or selling property, the guideline value helps in determining the minimum sale price for the transaction. It is essential for both buyers and sellers to be aware of the guideline value to ensure compliance with registration requirements and to avoid any legal complications.

Frequently asked questions

What is the current guideline value of Gandhi Cross St Kannigapuram?

The current guideline value of Gandhi Cross St Kannigapuram is Rs 1,625 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,625 per sq.ft in 2024, reflecting an overall increase of 225% over the years.

What is the registration office for Gandhi Cross St Kannigapuram?

The registration office for Gandhi Cross St Kannigapuram is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the stamp duty for property transactions in this area?

The stamp duty for property transactions in Gandhi Cross St Kannigapuram is calculated at 7% of the guideline value or the sale price, whichever is higher.

Are there other streets with the same guideline value in Paruthipattu?

Yes, several other streets in Paruthipattu also have a guideline value of Rs 1,625 per sq.ft for 2024, including Ganapathy Koil St, Ganapathy Koil Extn, and Gandhi Old Pallikooda St, Govarthanagiri.