Guideline Value

Corporate

Guideline Value for K.S.R. NAGAR

₹950/sq.ft.

The guideline value for K.s.r. Nagar in Paruthipattu village (Avadi SRO, Chennai zone) is Rs 950 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paruthipattu

Village

Avadi

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹950 /sq.ft.
From 1-4-2023 ₹900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹603 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹900 /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 K.s.r. Nagar

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K.S.R. Nagar guideline value

The current guideline value of K.S.R. Nagar, located in Paruthipattu village under the Avadi SRO, is Rs 950 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of K.S.R. Nagar has changed

The guideline value for K.S.R. Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 950 per sq.ft, an increase from Rs 900 per sq.ft in 2023, marking a change of +6%. Prior to that, in 2017, the value was Rs 603 per sq.ft. This indicates a significant increase of +49% from 2017 to 2023. The 2012 revision also recorded a value of Rs 900 per sq.ft, which was a decrease of -33% from the 2017 figure. Overall, comparing the 2012 to 2024 revisions, the guideline value has increased by +6%.

The guideline value register does not contain figures for the years 2002, 2003, and 2007 for K.S.R. Nagar. The 2012 revision was the first recorded figure for this street, followed by the subsequent revisions in 2017, 2023, and the latest in 2024.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO with a guideline value for 2024 ranging from Rs 801 to Rs 4,730 per sq.ft. The median value for these streets is Rs 1,625 per sq.ft, placing K.S.R. Nagar's 2024 figure below this median.

Stamp duty and registration fee for property in K.S.R. Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value would be Rs 9,50,000. The stamp duty at 7% would amount to Rs 66,500, and the registration fee at 2% would be Rs 19,000, leading to a total of Rs 85,500 for these charges. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers K.S.R. Nagar?

K.S.R. Nagar 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 details.

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 serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This process ensures transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of K.S.R. Nagar?

The current guideline value of K.S.R. Nagar is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent increase of +6% from Rs 900 per sq.ft in 2023 to Rs 950 per sq.ft in 2024. It has also increased significantly from Rs 603 per sq.ft in 2017.

What is the land classification of K.S.R. Nagar?

K.S.R. Nagar falls under the Residential Class II Type - I land classification, which is pertinent for understanding its usage and potential development.

What are the stamp duty and registration fees for property in K.S.R. Nagar?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For example, for a property valued at Rs 9,50,000, the total fees would be Rs 85,500.

Where can I find the Sub Registrar Office for K.S.R. Nagar?

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