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Guideline Value

Corporate

Guideline Value for MEENAKSHI THEATARE to AVADI BUS STAND

₹2640/sq.ft.

The guideline value for Meenakshi Theatare To Avadi Bus Stand in Paruthipattu village (Avadi SRO, Chennai zone) is Rs 2640 per sq.ft, effective 1 July 2024. It was Rs 2400 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paruthipattu

Village

Avadi

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2640 /sq.ft.
From 1-4-2023 ₹2400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1608 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /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 Meenakshi Theatare To Avadi Bus Stand

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MEENAKSHI THEATARE to AVADI BUS STAND guideline value

The current guideline value for the MEENAKSHI THEATARE to AVADI BUS STAND is Rs 2,640 per sq.ft, effective from 1 July 2024. This property is located in Paruthipattu village, under the Avadi SRO, and is classified as Commercial Class I Type - I.

How the guideline value of MEENAKSHI THEATARE to AVADI BUS STAND has changed

The guideline value has undergone several revisions over the years. In 2012, the value was Rs 2,000 per sq.ft, which decreased to Rs 1,608 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,400 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 2,640 per sq.ft. The revisions for the years 2002, 2003, and 2007 do not have figures recorded for this street.

From 2012 to 2017, there was a decrease of 20%, but from 2017 to 2023, the value increased by 49%. The change from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 32%.

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 is Rs 1,625 per sq.ft, placing the MEENAKSHI THEATARE to AVADI BUS STAND guideline value above this median.

Stamp duty and registration fee for property in MEENAKSHI THEATARE to AVADI BUS STAND

For a 1,000 sq.ft plot at the current rate of Rs 2,640 per sq.ft, the guideline value would be Rs 26,40,000. The stamp duty at 7% would amount to Rs 1,84,800, and the registration fee at 2% would be Rs 52,800, totaling Rs 2,37,600. 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 MEENAKSHI THEATARE to AVADI BUS STAND?

The MEENAKSHI THEATARE to AVADI BUS STAND 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 Paruthipattu

The guideline value is a crucial factor in the registration process of property transactions in Paruthipattu. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on an official valuation rather than the sale price alone.

When buying or selling property, it's important to be aware of the guideline value, as it directly affects the financial obligations during registration. Buyers should ensure that they are prepared for these costs, which are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for MEENAKSHI THEATARE to AVADI BUS STAND?

The current guideline value for MEENAKSHI THEATARE to AVADI BUS STAND is Rs 2,640 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 2,000 per sq.ft in 2012 to Rs 2,640 per sq.ft in 2024, reflecting an overall increase of 32% over this period.

What is the land classification for this area?

The land classification for the MEENAKSHI THEATARE to AVADI BUS STAND is Commercial Class I Type - I.

Where can I find the Sub Registrar Office for this property?

The Avadi Sub Registrar Office covers this property, 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 guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 26,40,000, the stamp duty at 7% would be Rs 1,84,800.