Guideline Value

Corporate

Guideline Value for KOLADI ROAD

₹950/sq.ft.

The guideline value for Koladi Road in Paruthipattu village (Avadi SRO, Chennai zone) is Rs 950 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paruthipattu

Village

Avadi

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹950 /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 ₹350 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹80 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹69 /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]

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Koladi Road guideline value

The current guideline value of Koladi Road in Paruthipattu village, under the Avadi SRO, is Rs 950 per sq.ft, effective from 1 July 2024. This area falls under Residential Class II Type - I land classification.

How the guideline value of Koladi Road has changed

The guideline value for Koladi Road has undergone several revisions over the years. In 2002, the value was Rs 69 per sq.ft, which increased to Rs 80 per sq.ft in 2003, marking a change of +16%. The value then saw a significant rise to Rs 350 per sq.ft in 2007, representing an increase of +338%. In 2012, the value was Rs 900 per sq.ft, reflecting a notable jump of +157% from the previous revision. However, it decreased to Rs 603 per sq.ft in 2017, a decline of -33%.

From 2017 to 2023, the guideline value rose sharply to Rs 900 per sq.ft, an increase of +49%. The most recent revision in 2024 set the value at Rs 950 per sq.ft, marking a +6% change from the previous year. There are no figures available for the revisions in years other than those mentioned.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO with 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, placing Koladi Road's 2024 figure below this median.

Stamp duty and registration fee for property in Koladi Road

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value amounts to Rs 9,50,000. The stamp duty at 7% would be Rs 66,500, and the registration fee at 2% would be Rs 19,000, bringing the total to Rs 85,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Koladi Road?

The Koladi Road area is covered by 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 Paruthipattu

When buying or selling property in Paruthipattu, the guideline value is a crucial factor during the registration process. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

The guideline value ensures that the property is assessed fairly for tax purposes, helping to maintain a consistent standard across various transactions. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Koladi Road?

The current guideline value of Koladi Road is Rs 950 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 69 per sq.ft in 2002 to Rs 950 per sq.ft in 2024, with various increases and decreases in between.

What is the registration office for Koladi Road?

The registration office for Koladi Road is the Avadi Sub Registrar Office, 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 on Koladi Road?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate results in a stamp duty of Rs 66,500.

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

Other streets in Paruthipattu with a guideline value of Rs 950 per sq.ft include Konambedu Eastern Side, Konambedu Eastern Side 1st Street, Konambedu Eastern Side 2nd Street, Konambedu Eastern Side 3rd Street, Konambedu Western Side 1st Street, and Konambedu Western Side 2nd Street.