Guideline Value

Corporate

Guideline Value for GOWRIPETTAI 1ST ST

₹1625/sq.ft.

The guideline value for Gowripettai 1st St 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 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 Gowripettai 1st St

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Gowripettai 1st St guideline value

The current guideline value of Gowripettai 1st St is Rs 1,625 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village under the Avadi SRO, classified as Residential Special Type - I.

How the guideline value of Gowripettai 1st St has changed

The guideline value for Gowripettai 1st St has seen several revisions over the years. The earliest recorded figure is from 2012, when it was Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in 2017. The value then increased significantly to Rs 1,500 per sq.ft in 2023, and the latest revision in 2024 shows a further increase to Rs 1,625 per sq.ft. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Between the revisions, notable changes include an 8% increase from 2023 to 2024, an 87% increase from 2017 to 2023, and a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 35%.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that have a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft, with the median value being Rs 1,625 per sq.ft. The guideline value for Gowripettai 1st St is equal to this median.

Stamp duty and registration fee for property in Gowripettai 1st St

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 be Rs 1,13,750, and the registration fee at 2% would be Rs 32,500, bringing the total to Rs 1,46,250. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gowripettai 1st St?

The Sub Registrar Office that covers Gowripettai 1st St 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 information.

How the guideline value is used when you buy or sell in Paruthipattu

The guideline value is a crucial factor in property transactions in Paruthipattu, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that are payable during the buying or selling process.

When a buyer purchases a property, the guideline value is assessed to ensure that the transaction is recorded at a value that reflects the current market conditions. This helps maintain transparency and accountability in property dealings within the region.

Frequently asked questions

What is the current guideline value of Gowripettai 1st St?

The current guideline value of Gowripettai 1st St 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 1,200 per sq.ft in 2012 to Rs 1,625 per sq.ft in 2024, with significant increases and a decrease in between.

What are the other streets in Paruthipattu and their guideline values?

Other streets in Paruthipattu include Gowripettai 2nd Cross St at Rs 950 per sq.ft, Gowripettai 3rd Cross St at Rs 950 per sq.ft, and several others, with values ranging up to Rs 1,625 per sq.ft.

What fees are associated with buying property in Gowripettai 1st St?

When buying property in Gowripettai 1st St, buyers must pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Gowripettai 1st St?

The Avadi Sub Registrar Office covers Gowripettai 1st St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.