Guideline Value

Corporate

Guideline Value for GENGUREDDY KUPPAM 2ND STREET

₹870/sq.ft.

The guideline value for Gengureddy Kuppam 2nd Street 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 Gengureddy Kuppam 2nd Street

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Gengureddy Kuppam 2nd Street guideline value

The current guideline value of Gengureddy Kuppam 2nd Street is Rs 870 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-B village, under the Avadi SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Gengureddy Kuppam 2nd Street has changed

The guideline value for Gengureddy Kuppam 2nd Street has seen several revisions over the years. The 2017 revision set the value at Rs 737 per sq.ft. In 2023, this increased to Rs 800 per sq.ft, marking a change of +9%. The most recent revision in 2024 raised the guideline value to Rs 870 per sq.ft, again reflecting a +9% increase from the previous year. There are no figures available for the revisions in 2002, 2003, 2007, and 2012.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by +18%. This steady rise indicates a consistent adjustment in the valuation of properties in this area.

Guideline values in Thiruninravur-B

Thiruninravur-B has a total of 374 streets under the Avadi SRO, with guideline values ranging from Rs 330 to Rs 1,760 per sq.ft. The median guideline value in this village is Rs 770 per sq.ft, placing Gengureddy Kuppam 2nd Street's 2024 figure above this median.

Stamp duty and registration fee for property in Gengureddy Kuppam 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 870 per sq.ft, the total guideline value amounts to Rs 8,70,000. The stamp duty at 7% would be Rs 60,900, while the registration fee at 2% would be Rs 17,400, bringing the total cost for these fees to Rs 78,300. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gengureddy Kuppam 2nd Street?

The Sub Registrar Office that covers Gengureddy Kuppam 2nd Street 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 during the registration of property transactions in Thiruninravur-B. It serves as the basis for calculating stamp duty and registration fees, which are mandatory for legal property transfers.

When buying or selling property, the guideline value ensures that the transaction reflects a fair valuation according to government standards. This helps maintain transparency in the real estate market and protects the interests of both buyers and sellers.

Frequently asked questions

What is the current guideline value of Gengureddy Kuppam 2nd Street?

The current guideline value of Gengureddy Kuppam 2nd Street is Rs 870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased 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. This reflects an overall increase of +18% from 2017 to 2024.

What is the land classification for Gengureddy Kuppam 2nd Street?

The land classification for Gengureddy Kuppam 2nd Street is Residential Class II Type - II.

Where can I find the registration office for Gengureddy Kuppam 2nd Street?

The registration office for Gengureddy Kuppam 2nd Street is the Avadi Sub Registrar Office, 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 Gengureddy Kuppam 2nd Street?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot valued at Rs 8,70,000, the stamp duty would be Rs 60,900.