Guideline Value

Corporate

Guideline Value for N SHANTHI NAGAR

₹555/sq.ft.

The guideline value for N Shanthi Nagar in Vellanoor-2 village (Avadi SRO, Chennai zone) is Rs 555 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vellanoor-2

Village

Avadi

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹555 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
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 N Shanthi Nagar

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N Shanthi Nagar guideline value

The current guideline value of N Shanthi Nagar is Rs 555 per sq.ft, effective from 1 July 2024. This area is located in Vellanoor-2 village under the Avadi SRO and is classified as Residential Class I Type - I.

How the guideline value of N Shanthi Nagar has changed

Over the years, the guideline value for N Shanthi Nagar has seen several revisions. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 500 per sq.ft, and it increased to Rs 555 per sq.ft in the 2024 revision, marking an increase of 11%.

This means that the guideline value has risen from Rs 500 in 2023 to Rs 555 in 2024. The current figure aligns with the median guideline value in Vellanoor-2, which ranges from Rs 440 to Rs 1,800 per sq.ft.

Guideline values in Vellanoor-2

In Vellanoor-2, there are 31 streets under the Avadi SRO that carry a 2024 guideline value. The values range from Rs 440 to Rs 1,800 per sq.ft, with the median being Rs 555 per sq.ft. N Shanthi Nagar's 2024 figure matches this median.

Stamp duty and registration fee for property in N Shanthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 555 per sq.ft, the total guideline value amounts to Rs 5,55,000. The stamp duty at 7% would be Rs 38,850, and the registration fee at 2% would be Rs 11,100, resulting in a total of Rs 49,950. 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 N Shanthi Nagar?

The Sub Registrar Office that covers N Shanthi Nagar 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 Vellanoor-2

The guideline value is a crucial factor in the registration process when buying or selling property in Vellanoor-2. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which is important for both the buyer and seller. This helps maintain transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of N Shanthi Nagar?

The current guideline value of N Shanthi Nagar is Rs 555 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for N Shanthi Nagar has increased from Rs 500 per sq.ft in 2023 to Rs 555 per sq.ft in 2024, which is an increase of 11%. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values of other streets in Vellanoor-2?

Other streets in Vellanoor-2 have varying guideline values, with N Shanthi Nagar matching the median value of Rs 555 per sq.ft. Other streets include Ram Nagar, Saraswathi Gopal Nagar, Krishna Nagar, and Kodaivallal Seethakathi Nagar, all at Rs 555 per sq.ft.

How is the stamp duty calculated for properties in N Shanthi Nagar?

Stamp duty for properties in N Shanthi Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 38,850 based on the current guideline value.

Where can I find the Sub Registrar Office for N Shanthi Nagar?

The Sub Registrar Office for N Shanthi Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.