Guideline Value

Corporate

Guideline Value for KONAMBEDU EASTERN SIDE 2ND STREET

₹950/sq.ft.

The guideline value for Konambedu Eastern Side 2nd Street 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 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 Konambedu Eastern Side 2nd Street

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Konambedu Eastern Side 2nd Street guideline value

The current guideline value of Konambedu Eastern Side 2nd Street is Rs 950 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village under the Avadi SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Konambedu Eastern Side 2nd Street has changed

The guideline value for Konambedu Eastern Side 2nd Street has seen several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in 2017. Following this, the value increased significantly to Rs 900 per sq.ft in the 2023 revision, and it has now risen to Rs 950 per sq.ft in the 2024 revision, marking a 6% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been a slight increase of 6%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that have a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft, with a median value of Rs 1,625 per sq.ft. The guideline value of Konambedu Eastern Side 2nd Street is below this median.

Stamp duty and registration fee for property in Konambedu Eastern Side 2nd Street

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

Which Sub Registrar Office covers Konambedu Eastern Side 2nd Street?

The Sub Registrar Office that covers Konambedu Eastern Side 2nd Street 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 Paruthipattu

The guideline value is a crucial factor during the registration of property transactions in Paruthipattu. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value or the sale price, whichever is higher, is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the region.

Frequently asked questions

What is the current guideline value of Konambedu Eastern Side 2nd Street?

The current guideline value of Konambedu Eastern Side 2nd Street is Rs 950 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then to Rs 900 per sq.ft in 2023, and currently stands at Rs 950 per sq.ft in 2024.

What is the land classification for Konambedu Eastern Side 2nd Street?

Konambedu Eastern Side 2nd Street is classified as Residential Class II Type - I.

Where can I find the registration office for this area?

The registration office for Konambedu Eastern Side 2nd Street 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 in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the guideline value of Rs 950 per sq.ft, the total guideline value would be Rs 9,50,000, leading to a stamp duty of Rs 66,500.