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Guideline Value

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Guideline Value for KAMARAJ NAGAR MAIN CROSS LANE

₹1625/sq.ft.

The guideline value for Kamaraj Nagar Main Cross Lane 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 ₹500 /sq.ft.
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 Main Cross Lane

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Kamaraj Nagar Main Cross Lane guideline value

The current guideline value of Kamaraj Nagar Main Cross Lane is Rs 1,625 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village and falls under the Avadi SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Kamaraj Nagar Main Cross Lane has changed

The guideline value for Kamaraj Nagar Main Cross Lane has seen several revisions over the years. The earliest recorded figure is from 2007, where it was Rs 500 per sq.ft. This increased to Rs 1,200 per sq.ft in 2012, marking a significant rise of 140%. However, between 2012 and 2017, the value dropped to Rs 804 per sq.ft, a decrease of 33%. The value then surged to Rs 1,500 per sq.ft in 2023, reflecting an increase of 87%. The latest revision in 2024 set the guideline value at Rs 1,625 per sq.ft, an increase of 8% from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 225%.

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 equal to the guideline value of Kamaraj Nagar Main Cross Lane.

Stamp duty and registration fee for property in Kamaraj Nagar Main Cross Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 1,625 per sq.ft, the total guideline value would be Rs 16,25,000. The stamp duty at 7% would amount to Rs 1,13,750, while the registration fee at 2% would be Rs 32,500. Together, these fees would total Rs 1,46,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Kamaraj Nagar Main Cross Lane?

The Kamaraj Nagar Main Cross Lane is covered by the Avadi Sub Registrar Office. The office is 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 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 determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar Main Cross Lane?

The current guideline value of Kamaraj Nagar Main Cross Lane 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 several times, starting from Rs 500 per sq.ft in 2007 to Rs 1,625 per sq.ft in 2024. Notable changes include a rise to Rs 1,200 per sq.ft in 2012 and a significant increase to Rs 1,500 per sq.ft in 2023.

What is the land classification for Kamaraj Nagar Main Cross Lane?

The land classification for Kamaraj Nagar Main Cross Lane is Residential Special Type - I.

Where can I find the Sub Registrar Office for Kamaraj Nagar Main Cross Lane?

The Sub Registrar Office that covers Kamaraj Nagar Main Cross Lane is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for property in Kamaraj Nagar Main Cross Lane?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. For example, for a property valued at Rs 16,25,000, the stamp duty would amount to Rs 1,13,750.