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Guideline Value

Corporate

Guideline Value for KAMARAJ NAGAR 9TH ST (COMMERCIAL)

₹1625/sq.ft.

The guideline value for Kamaraj Nagar 9th St (commercial) 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 Kamaraj Nagar 9th St (commercial)

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Kamaraj Nagar 9th St (Commercial) guideline value

The current guideline value for Kamaraj Nagar 9th St (Commercial) is Rs 1,625 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village under the Avadi SRO and is classified as Residential Special Type - I.

How the guideline value of Kamaraj Nagar 9th St (Commercial) has changed

The guideline value for Kamaraj Nagar 9th St (Commercial) has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in 2017. Following this, there was a significant increase to Rs 1,500 per sq.ft in 2023, and the latest revision in 2024 raised it further to Rs 1,625 per sq.ft, marking an 8% increase from the previous year.

In summary, the changes between revisions show a remarkable rise of 87% from 2017 to 2023, but a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 35%. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

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, which is the same as the guideline value for Kamaraj Nagar 9th St (Commercial).

Stamp duty and registration fee for property in Kamaraj Nagar 9th St (Commercial)

For a 1,000 sq.ft plot at the current rate of Rs 1,625 per sq.ft, the guideline value amounts to Rs 16,25,000. The stamp duty is charged at 7%, totaling Rs 1,13,750, while the registration fee at 2% amounts to Rs 32,500. Together, the total cost for these fees would be Rs 1,46,250. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Kamaraj Nagar 9th St (Commercial)?

The Kamaraj Nagar 9th St (Commercial) falls under the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. To locate your specific SRO, you can find your SRO.

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

The guideline value plays a crucial role during property transactions in Paruthipattu. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold. This ensures that the government receives the appropriate revenue based on the established values for each property.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This process helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value for Kamaraj Nagar 9th St (Commercial)?

The current guideline value for Kamaraj Nagar 9th St (Commercial) 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 804 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,625 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in this area?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,46,250, which includes Rs 1,13,750 for stamp duty and Rs 32,500 for registration fees.

Which office handles the registration for Kamaraj Nagar 9th St (Commercial)?

The Avadi Sub Registrar Office handles the registration for Kamaraj Nagar 9th St (Commercial), located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai.

What is the land classification for Kamaraj Nagar 9th St (Commercial)?

Kamaraj Nagar 9th St (Commercial) is classified as Residential Special Type - I, indicating its designated use within the local planning framework.