Guideline Value

Corporate

Guideline Value for GREEN VILLA PHASE - I

₹660/sq.ft.

The guideline value for Green Villa Phase - I in Thiruninravur-a village (Avadi SRO, Chennai zone) is Rs 660 per sq.ft, effective 1 July 2024. It was Rs 603 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class I Type - Iv. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruninravur-a

Village

Avadi

SRO

Residential Class I Type - IV
History
Period Guideline Value
From 1-7-2024 ₹660 /sq.ft.
From 1-4-2023 ₹603 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹603 /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 Green Villa Phase - I

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Green Villa Phase - I guideline value

The current guideline value of Green Villa Phase - I is Rs 660 per sq.ft, effective from 1 July 2024. This property is located in Thiruninravur-A village under the Avadi SRO, classified as Residential Class I Type - IV.

How the guideline value of Green Villa Phase - I has changed

The guideline value for Green Villa Phase - I has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 660 per sq.ft, an increase from Rs 603 per sq.ft in 2023. Notably, the value remained unchanged at Rs 603 per sq.ft from 2017 to 2023. Overall, from 2017 to 2024, the guideline value has increased by 9%.

Prior to 2017, there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The 2017 revision recorded Rs 603 per sq.ft, which remained consistent until the 2023 revision. The increase from 2023 to 2024 represents a 9% rise in the guideline value.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that have a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft, with a median value of Rs 750 per sq.ft. Green Villa Phase - I's current guideline value is below this median.

Stamp duty and registration fee for property in Green Villa Phase - I

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. 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 Green Villa Phase - I?

The Sub Registrar Office that covers Green Villa Phase - I 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 Thiruninravur-A

The guideline value is a crucial factor when buying or selling property in Thiruninravur-A, as it determines the amount of stamp duty and registration fees payable. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the registration process.

When a property is registered, the guideline value or the sale price, whichever is higher, is used to calculate the applicable duties and fees. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Green Villa Phase - I?

The current guideline value of Green Villa Phase - I is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 603 per sq.ft in 2023 to Rs 660 per sq.ft in 2024, marking a 9% increase. From 2017 to 2024, the overall increase is also 9%.

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

Other streets in Thiruninravur-A have varying guideline values, with Green Villas at Rs 750 per sq.ft, Green Park Phase III at Rs 1,320 per sq.ft, and others listed at different rates. Green Villa Phase - I's value is below the median of Rs 750 per sq.ft.

How is stamp duty calculated for properties in Green Villa Phase - I?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a 1,000 sq.ft plot at Rs 660 per sq.ft, the total guideline value is Rs 6,60,000, leading to a stamp duty of Rs 46,200.

Where is the Sub Registrar Office for Green Villa Phase - I located?

The Avadi Sub Registrar Office covers Green Villa Phase - I and is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.