Guideline Value for METRO CITY PHASE-IV
₹250/sq.ft.
The guideline value for Metro City Phase-iv in Avaloor village (Walajabad SRO, Chengalpattu zone) is Rs 250 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Avaloor
Village
Walajabad
SRO
Residential Class I Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹250 /sq.ft. |
| From 1-4-2023 | ₹250 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹167 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹250 /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
DRO (District Registrar Office)
No.52 Orikkai Madhura, Udhayamangulam Village, Near Anna Kudiyiruppu, Kanchipuram-631502
044-27236674
[email protected], [email protected]
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Metro City Phase-IV guideline value
The current guideline value of Metro City Phase-IV in Avaloor village is Rs 250 per sq.ft, effective from 1 July 2024. This property falls under the Walajabad Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.
How the guideline value of Metro City Phase-IV has changed
Over the years, the guideline value for Metro City Phase-IV has seen several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 167 per sq.ft. The following revision in 2023 brought it back to Rs 250 per sq.ft, and the most recent 2024 revision maintained this figure, resulting in no percentage change from 2023 to 2024.
From 2017 to 2023, there was a significant increase of 50%, while the change from 2012 to 2017 was a decrease of 33%. Overall, comparing the 2012 and 2024 revisions, the guideline value has remained stable, showing a 0% change.
Guideline values in Avaloor
Avaloor village has 13 streets under the Walajabad SRO, with guideline values ranging from Rs 100 to Rs 450 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing Metro City Phase-IV above this median with its current value of Rs 250 per sq.ft.
- Poorna Nagar: Rs 150 per sq.ft (2024)
- Raghavan Naicker Nagar: Rs 100 per sq.ft (2024)
- R.V.Nagar: Rs 150 per sq.ft (2024)
- Duraiswamy Naiker Nagar: Rs 200 per sq.ft (2024)
- Duraiswamy Naicker Nagar: Rs 200 per sq.ft (2024)
- D.S.P City: Rs 150 per sq.ft (2024)
Stamp duty and registration fee for property in Metro City Phase-IV
For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty, calculated at 7%, would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.
You can also use our stamp duty and registration fee calculator for more detailed calculations.
Which Sub Registrar Office covers Metro City Phase-IV?
The Walajabad Sub Registrar Office covers Metro City Phase-IV. The office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Avaloor
The guideline value serves as a benchmark for property transactions in Avaloor. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the appropriate taxes are collected based on the property's worth.
It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial obligations during the registration process. Accurate knowledge of the guideline value helps in making informed decisions regarding property transactions.
Frequently asked questions
What is the current guideline value of Metro City Phase-IV?
The current guideline value of Metro City Phase-IV is Rs 250 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has seen several revisions, with the most recent being Rs 250 per sq.ft since 2023. The value decreased to Rs 167 per sq.ft in 2017 from Rs 250 per sq.ft in 2012.
What is the land classification for Metro City Phase-IV?
Metro City Phase-IV is classified as Residential Class I Type - I, indicating its suitability for residential development.
Where can I find the registration office for Metro City Phase-IV?
The registration office for Metro City Phase-IV is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.
How is the stamp duty calculated for properties in Avaloor?
Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft property at Rs 250 per sq.ft incurs a total guideline value of Rs 2,50,000, leading to a stamp duty of Rs 17,500.
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