Guideline Value

Corporate

Guideline Value for GAYATHIRI NAGAR

₹870/sq.ft.

The guideline value for Gayathiri Nagar in Thiruninravur-b village (Avadi SRO, Chennai zone) is Rs 870 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruninravur-b

Village

Avadi

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹870 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹737 /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 Gayathiri Nagar

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Gayathiri Nagar guideline value

The current guideline value of Gayathiri Nagar is Rs 870 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-B village under the Avadi SRO, and it falls under the Residential Class II Type - II land classification.

How the guideline value of Gayathiri Nagar has changed

The guideline value for Gayathiri Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 737 per sq.ft, which increased to Rs 800 per sq.ft in the 2023 revision. The latest revision in 2024 raised the guideline value to Rs 870 per sq.ft. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

In terms of percentage changes, the value increased by 9% from 2023 to 2024 and also by 9% from 2017 to 2023. Overall, from 2017 to 2024, the guideline value has risen by 18%.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 1,760 per sq.ft. The median value for these streets is Rs 770 per sq.ft, placing Gayathiri Nagar's 2024 figure above that median.

Stamp duty and registration fee for property in Gayathiri Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 870 per sq.ft, the total guideline value would be Rs 8,70,000. The stamp duty at 7% would amount to Rs 60,900, and the registration fee at 2% would be Rs 17,400, totaling Rs 78,300. 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 details.

Which Sub Registrar Office covers Gayathiri Nagar?

The Sub Registrar Office that covers Gayathiri Nagar 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 Thiruninravur-B

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruninravur-B. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to determine the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Gayathiri Nagar?

The current guideline value of Gayathiri Nagar is Rs 870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 737 per sq.ft in 2017 to Rs 800 per sq.ft in 2023, and then to Rs 870 per sq.ft in 2024, marking an overall increase of 18% from 2017 to 2024.

What are the guideline values of other streets in Thiruninravur-B?

Other streets in Thiruninravur-B include Gengalamman Koil St at Rs 440 per sq.ft, and several streets in Gengureddy Kuppam all at Rs 870 per sq.ft in 2024.

What are the stamp duty and registration fees based on the guideline value?

For a property valued at Rs 8,70,000, the stamp duty would be Rs 60,900 and the registration fee would be Rs 17,400, totaling Rs 78,300. These fees are calculated based on the higher of the guideline value or the sale price.

Which office do I need to register my property in Gayathiri Nagar?

The registration of property in Gayathiri Nagar is handled by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.