Guideline Value

Corporate

Guideline Value for HOUSING BOARD

₹1980/sq.ft.

The guideline value for Housing Board in Paruthipattu village (Avadi SRO, Chennai zone) is Rs 1980 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paruthipattu

Village

Avadi

SRO

Commercial Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹1980 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹395 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹344 /sq.ft.
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 Housing Board

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Housing Board guideline value

The current guideline value for Housing Board in Paruthipattu village, under the Avadi SRO, is Rs 1,980 per sq.ft, effective from 1 July 2024. This value is classified under Commercial Class I Type - III.

How the guideline value of Housing Board has changed

The guideline value for Housing Board in Paruthipattu has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 344 per sq.ft. It increased to Rs 395 per sq.ft in 2003, showing a change of +15%. The value then rose to Rs 500 per sq.ft in 2007, a significant increase of +27%. Following that, the 2012 revision set the value at Rs 1,500 per sq.ft, marking a substantial increase of +200%. However, the value decreased to Rs 1,005 per sq.ft in 2017, a drop of -33%.

In the subsequent revisions, the guideline value increased to Rs 1,800 per sq.ft in 2023, reflecting a rise of +79%. The most recent revision in 2024 has set the value at Rs 1,980 per sq.ft, which is a +10% increase from the previous year. Overall, from the 2002 revision to the 2024 revision, the guideline value has increased by +476%. There are no figures available for revisions in years not mentioned in this register.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft. The median value for these streets is Rs 1,625 per sq.ft, and the guideline value for Housing Board is above this median.

Stamp duty and registration fee for property in Housing Board

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, making the total fees Rs 1,78,200. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Housing Board?

The Housing Board in Paruthipattu 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. 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 an essential factor in the registration process when buying or selling property in Paruthipattu. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately according to government regulations.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the state revenue is maintained while providing a transparent process for property transactions.

Frequently asked questions

What is the current guideline value for Housing Board in Paruthipattu?

The current guideline value for Housing Board in Paruthipattu is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 344 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, representing an overall increase of +476% over the years.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in Tamil Nadu is 7% of the guideline value or sale price, whichever is higher.

Where is the Avadi Sub Registrar Office located?

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

How can I calculate the registration fees?

You can calculate the registration fees using the stamp duty and registration fee calculator, which will help you determine the fees based on the guideline value or sale price.