Guideline Value

Corporate

Guideline Value for KARIYAPPA NAGAR

₹800/sq.ft.

The guideline value for Kariyappa Nagar in Vilingiyambakkam village (Avadi SRO, Chennai zone) is Rs 800 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vilingiyambakkam

Village

Avadi

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹800 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹502 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹750 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹250 /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 Kariyappa Nagar

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Kariyappa Nagar guideline value

The current guideline value of Kariyappa Nagar is Rs 800 per sq.ft, effective from 1 July 2024. This area is located in Vilingiyambakkam village, under the Avadi SRO, and is classified as Residential Class II Type - I.

How the guideline value of Kariyappa Nagar has changed

The guideline value for Kariyappa Nagar has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 250 per sq.ft. This figure increased significantly to Rs 750 per sq.ft in the 2012 revision, marking a 200% rise. However, in the 2017 revision, the value decreased to Rs 502 per sq.ft, reflecting a decline of 33%. The 2023 revision saw the value rise again to Rs 800 per sq.ft, which remained unchanged in the 2024 revision.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 220%. The 2023 to 2024 revision did not see any change, with the value remaining at Rs 800 per sq.ft. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam village, there are 252 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft, with a median value of Rs 935 per sq.ft. The guideline value of Kariyappa Nagar is below this median.

Stamp duty and registration fee for property in Kariyappa Nagar

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. It is important to note that the 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 further calculations.

Which Sub Registrar Office covers Kariyappa Nagar?

The Sub Registrar Office that covers Kariyappa Nagar is 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 information.

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

The guideline value is a critical factor in property transactions in Vilingiyambakkam. It serves as a benchmark for determining the minimum value of a property for registration purposes. When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees that are required to complete the transaction.

During the registration process, the property must be valued at or above the guideline value. If the sale price is lower than the guideline value, the stamp duty will be calculated based on the guideline value instead. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kariyappa Nagar?

The current guideline value of Kariyappa Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 800 per sq.ft in 2024, showing an overall increase of 220% over the years.

What are the stamp duty rates for properties in Kariyappa Nagar?

The stamp duty for properties in Kariyappa Nagar is 7% of the guideline value, while the registration fee is 2% of the guideline value.

Where can I find the Sub Registrar Office for Kariyappa Nagar?

The Sub Registrar Office for Kariyappa Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum value of a property for registration purposes and is crucial for calculating the stamp duty and registration fees during property transactions.