Guideline Value

Corporate

Guideline Value for KANDASAMY 1ST STREET (WEST)

₹988/sq.ft.

The guideline value for Kandasamy 1st Street (west) in Thandurai village (Avadi SRO, Chennai zone) is Rs 988 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thandurai

Village

Avadi

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹988 /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 Kandasamy 1st Street (west)

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Kandasamy 1st Street (West) guideline value

The current guideline value of Kandasamy 1st Street (West) is Rs 988 per sq.ft, effective from 1 July 2024. This street is located in Thandurai village and falls under the Avadi Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of Kandasamy 1st Street (West) has changed

The guideline value for Kandasamy 1st Street (West) has seen several revisions over the years. In 2012, the guideline value was Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 900 per sq.ft, a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 988 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for this street in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO, with guideline values ranging from Rs 800 to Rs 2,640 per sq.ft. The median guideline value for these streets is Rs 988 per sq.ft, which is the same as the current value for Kandasamy 1st Street (West).

Stamp duty and registration fee for property in Kandasamy 1st Street (West)

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value would be Rs 9,88,000. The stamp duty, calculated at 7%, would amount to Rs 69,160, while the registration fee at 2% would be Rs 19,760. Therefore, the total cost for stamp duty and registration fees would be Rs 88,920. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

To calculate your stamp duty and registration fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kandasamy 1st Street (West)?

The Kandasamy 1st Street (West) falls under the Avadi Sub Registrar Office. The address for the office is 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 Thandurai

The guideline value is a crucial factor when buying or selling property in Thandurai. It serves as a benchmark for determining the minimum value at which a property can be registered. The registration process requires that the property be valued at either the guideline value or the sale price, whichever is higher.

Understanding the guideline value helps buyers and sellers navigate the registration process effectively. It ensures that all transactions are conducted transparently and in accordance with the legal framework established by the Registration Department.

Frequently asked questions

What is the current guideline value of Kandasamy 1st Street (West)?

The current guideline value of Kandasamy 1st Street (West) is Rs 988 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has experienced several changes, with the most recent increase being from Rs 900 per sq.ft in 2023 to Rs 988 per sq.ft in 2024, a rise of 10%. From 2017 to 2023, it increased from Rs 603 per sq.ft to Rs 900 per sq.ft, marking a 49% rise.

What is the land classification for Kandasamy 1st Street (West)?

The land classification for Kandasamy 1st Street (West) is Residential Class II Type - I, indicating its suitability for residential development.

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

For a property valued at Rs 9,88,000, the stamp duty would be Rs 69,160 and the registration fee would be Rs 19,760, totaling Rs 88,920. These fees are calculated based on the higher of the guideline value or the sale price.

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.