Guideline Value

Corporate

Guideline Value for KODAIVALLAL SEETHAKATHI NAGAR

₹555/sq.ft.

The guideline value for Kodaivallal Seethakathi Nagar in Vellanoor-2 village (Avadi SRO, Chennai zone) is Rs 555 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vellanoor-2

Village

Avadi

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹555 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
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 Kodaivallal Seethakathi Nagar

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Kodaivallal Seethakathi Nagar guideline value

The current guideline value of Kodaivallal Seethakathi Nagar is Rs 555 per sq.ft. This area is located in Vellanoor-2 village, under the Avadi SRO, and is classified as Residential Class I Type - I.

How the guideline value of Kodaivallal Seethakathi Nagar has changed

The guideline value for Kodaivallal Seethakathi Nagar has seen several revisions over the years. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 500 per sq.ft, which increased to Rs 555 per sq.ft in the 2024 revision, marking an increase of 11%.

Thus, the most recent revision reflects a significant adjustment in the guideline value. The 2024 figure of Rs 555 per sq.ft aligns with the median value for other streets in Vellanoor-2, which also ranges from Rs 440 to Rs 1,800 per sq.ft.

Guideline values in Vellanoor-2

In Vellanoor-2, there are 31 streets under the Avadi SRO that carry a 2024 guideline value, with the median set at Rs 555 per sq.ft. Kodaivallal Seethakathi Nagar's guideline value is equal to this median.

Stamp duty and registration fee for property in Kodaivallal Seethakathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 555 per sq.ft, the total guideline value would be Rs 5,55,000. The stamp duty at 7% would amount to Rs 38,850, and the registration fee at 2% would be Rs 11,100, bringing the total fees to Rs 49,950. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details on fees applicable to your property transactions.

Which Sub Registrar Office covers Kodaivallal Seethakathi Nagar?

The Kodaivallal Seethakathi Nagar 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. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Vellanoor-2

The guideline value plays a crucial role in the registration process when buying or selling property in Vellanoor-2. It is used to determine the stamp duty and registration fees that must be paid at the time of registration, ensuring that the transaction is officially recorded.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kodaivallal Seethakathi Nagar?

The current guideline value of Kodaivallal Seethakathi Nagar is Rs 555 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2023 to Rs 555 per sq.ft in 2024, reflecting an increase of 11%. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What is the land classification of Kodaivallal Seethakathi Nagar?

Kodaivallal Seethakathi Nagar is classified as Residential Class I Type - I. This classification is important for determining the guideline values applicable to properties in the area.

Where can I find the Sub Registrar Office for Kodaivallal Seethakathi Nagar?

The Avadi Sub Registrar Office covers Kodaivallal Seethakathi Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in Kodaivallal Seethakathi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 5,55,000, the stamp duty would be Rs 38,850 at the rate of 7%.