Guideline Value

Corporate

Guideline Value for KAMARAJ NAGAR MAIN ROAD

₹1980/sq.ft.

The guideline value for Kamaraj Nagar Main Road in Paleripattu 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 Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paleripattu

Village

Avadi

SRO

Commercial Special Type - I
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 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹201 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹179 /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 Kamaraj Nagar Main Road

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Kamaraj Nagar Main Road guideline value

The current guideline value of Kamaraj Nagar Main Road in Paleripattu village, under the Avadi SRO, is Rs 1,980 per sq.ft, effective from 1 July 2024. This area is classified as Commercial Special Type - I.

How the guideline value of Kamaraj Nagar Main Road has changed

The guideline value for Kamaraj Nagar Main Road has seen significant changes over the years. In the 2002 revision, the value was Rs 179 per sq.ft, which increased to Rs 201 in 2003. Following that, the value rose to Rs 300 in 2007, and then saw a substantial jump to Rs 1,200 in 2012. However, it dropped to Rs 804 in 2017 before climbing to Rs 1,800 in 2023. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft.

Examining the changes between revisions, from 2017 to 2023, there was an increase of 124%. The 2012 to 2017 period saw a decrease of 33%, while from 2007 to 2012, the increase was 300%. The value rose by 49% from 2003 to 2007 and by 12% from 2002 to 2003. Overall, from 2002 to 2024, the guideline value has increased by 1006%.

Guideline values in Paleripattu

Paleripattu village has a total of 111 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 4,200 per sq.ft. The median value for these streets is Rs 990 per sq.ft, placing Kamaraj Nagar Main Road's value above that median.

Stamp duty and registration fee for property in Kamaraj Nagar Main Road

For a 1,000 sq.ft plot at the current rate of Rs 1,980 per sq.ft, the 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, resulting in a total of Rs 1,78,200. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamaraj Nagar Main Road?

The Kamaraj Nagar Main Road 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 find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Paleripattu. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration regulations.

When a property is sold, the guideline value impacts the calculation of stamp duty and registration fees. These costs are based on the guideline value or the sale price, whichever is higher, ensuring that the transaction is appropriately taxed according to the prevailing rates.

Frequently asked questions

What is the current guideline value of Kamaraj Nagar Main Road?

The current guideline value of Kamaraj Nagar Main Road 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 significantly from Rs 179 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of 1006% over the years.

What are the other streets in Paleripattu with the same guideline value?

Other streets in Paleripattu under the Avadi SRO with the same guideline value of Rs 1,980 per sq.ft include Kamaraj Nagar 9th St, 8th St, 7th St, 6th St, 5th St, and 4th St.

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

The Sub Registrar Office covering Kamaraj Nagar Main Road 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 properties in Kamaraj Nagar Main Road?

Stamp duty for properties in Kamaraj Nagar Main Road is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total stamp duty and registration fees can amount to Rs 1,78,200.