Guideline Value

Corporate

Guideline Value for MODERN CITY

₹2420/sq.ft.

The guideline value for Modern City in Thandurai village (Avadi SRO, Chennai zone) is Rs 2420 per sq.ft, effective 1 July 2024. It was Rs 2200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Iv. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thandurai

Village

Avadi

SRO

Residential Special Type - IV
History
Period Guideline Value
From 1-7-2024 ₹2420 /sq.ft.
From 1-4-2023 ₹2200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1474 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹478 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹200 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹98 /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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Modern City guideline value

The current guideline value for Modern City, located in Thandurai village under the Avadi SRO, is Rs 2,420 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - IV.

How the guideline value of Modern City has changed

The guideline value for Modern City has undergone several revisions over the years. Starting from the earliest recorded figure in 2002, the guideline value was Rs 98 per sq.ft. This increased significantly to Rs 200 per sq.ft in 2003, followed by a rise to Rs 478 per sq.ft in 2007. The value then surged to Rs 2,200 per sq.ft in 2012, before dropping to Rs 1,474 per sq.ft in 2017. The 2023 revision saw a notable increase to Rs 2,200 per sq.ft, and the most recent revision in 2024 set the guideline value at Rs 2,420 per sq.ft.

Between the revisions, there have been significant changes. From 2002 to 2003, the increase was +104%. The period from 2003 to 2007 saw a rise of +139%, followed by a massive jump of +360% from 2007 to 2012. However, there was a decrease of -33% from 2012 to 2017. The value then increased by +49% from 2017 to 2023, and the latest revision from 2023 to 2024 reflects a +10% increase. Overall, from 2002 to 2024, the guideline value has increased by +2369%.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 800 to Rs 2,640 per sq.ft. The median value for these streets is Rs 988 per sq.ft, placing Modern City's guideline value above this median.

Stamp duty and registration fee for property in Modern City

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value would be Rs 24,20,000. The stamp duty at 7% would amount to Rs 1,69,400, while the registration fee at 2% would be Rs 48,400. Together, the total cost for stamp duty and registration would be Rs 2,17,800. Please note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Modern City?

The Sub Registrar Office that covers Modern City 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 Thandurai

The guideline value is a crucial factor in the registration process when buying or selling property in Thandurai. It determines the minimum value at which the property can be registered and is used to calculate the applicable stamp duty and registration fees.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to assess the stamp duty. This ensures that the government receives the appropriate revenue based on the property’s value during the transaction.

Frequently asked questions

What is the current guideline value for Modern City?

The current guideline value for Modern City is Rs 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes from Rs 98 per sq.ft in 2002 to Rs 2,420 per sq.ft in 2024, reflecting an overall increase of +2369% over the years.

What is the land classification for Modern City?

The land classification for Modern City is Residential Special Type - IV.

Where can I find the Sub Registrar Office for Modern City?

The Sub Registrar Office for Modern City 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 property in Modern City?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 24,20,000, the stamp duty would be Rs 1,69,400 at 7%.