Guideline Value for HINDU COLLEGE to AMBEDKAR SILAI

HINDU COLLEGE to AMBEDKAR SILAI guideline value

The current guideline value for the HINDU COLLEGE to AMBEDKAR SILAI stretch in Thandurai village is Rs 1,980 per sq.ft, effective from 1 July 2024. This area falls under the Avadi Sub Registrar Office and is classified as Commercial Class I Type - II.

How the guideline value of HINDU COLLEGE to AMBEDKAR SILAI has changed

The guideline value for HINDU COLLEGE to AMBEDKAR SILAI has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, which is an increase from Rs 1,800 per sq.ft in 2023. This represents a 10% increase. Looking back further, the value was Rs 804 per sq.ft in 2017, marking a significant increase of 124% to the 2023 figure. The 2012 revision recorded a guideline value of Rs 1,200 per sq.ft, which was a decrease of 33% from the 2017 figure.

Overall, from the 2012 revision to the current 2024 revision, the guideline value has increased by 65%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Thandurai

In Thandurai village, there are 331 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,640 per sq.ft. The median guideline value for these streets is Rs 988 per sq.ft, placing the HINDU COLLEGE to AMBEDKAR SILAI guideline value above this median.

• I.A.F.Road Kakkanji Nagar: Rs 800 per sq.ft (2024)
• Indira Gandhi Salai (Chozhan Nagar): Rs 1,300 per sq.ft (2024)
• Indira Gandhi Street: Rs 1,300 per sq.ft (2024)
• Indira Gandhi Street (Gandhi Nagar): Rs 1,300 per sq.ft (2024)
• Iyappan Street: Rs 988 per sq.ft (2024)
• Gopalapuram West: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in HINDU COLLEGE to AMBEDKAR SILAI

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total cost for these fees to Rs 1,78,200. 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 HINDU COLLEGE to AMBEDKAR SILAI?

The HINDU COLLEGE to AMBEDKAR SILAI area is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thandurai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the fees reflect the current market conditions as defined by the government’s guideline values.

Frequently asked questions

What is the current guideline value for HINDU COLLEGE to AMBEDKAR SILAI?

The current guideline value for the HINDU COLLEGE to AMBEDKAR SILAI stretch is Rs 1,980 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 1,980 per sq.ft in 2024, representing an overall increase of 65%. The most recent increase was from Rs 1,800 per sq.ft in 2023 to Rs 1,980 per sq.ft in 2024.

What is the land classification for this area?

The land classification for the HINDU COLLEGE to AMBEDKAR SILAI area is Commercial Class I Type - II.

What are the stamp duty and registration fees for this property?

For a property valued at Rs 19,80,000, the stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200.

Where can I find the Sub Registrar Office for this area?

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