Guideline Value

Corporate

Guideline Value for N.R.D. AVENUE

₹100/sq.ft.

The guideline value for N.r.d. Avenue in Panapakkam village (Ponneri SRO, Chennai zone) is Rs 100 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Panapakkam

Village

Ponneri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹100 /sq.ft.
From 1-4-2023 ₹100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹67 /sq.ft.
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)

9/5,taluk Office Road, Ponneri, Chennai-601204
044-27974517
[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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N.R.D. Avenue guideline value

The current guideline value of N.R.D. Avenue, located in Panapakkam village under the Ponneri SRO, is Rs 100 per sq.ft. This value is effective from the 2024 revision, which will be implemented on 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of N.R.D. Avenue has changed

Over the years, the guideline value of N.R.D. Avenue has undergone several revisions. The earliest recorded revision is from 2017, where the guideline value was Rs 67 per sq.ft. In the subsequent revision in 2023, the guideline value increased to Rs 100 per sq.ft, marking a significant increase of 49% from the 2017 figure. The most recent revision in 2024 has maintained the guideline value at Rs 100 per sq.ft, showing no change from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 in the register for N.R.D. Avenue. This means that the only revisions with recorded values are from 2017, 2023, and 2024, with a total increase of 49% from the 2017 revision to the current 2024 revision.

Guideline values in Panapakkam

N.R.D. Avenue shares the same guideline value of Rs 100 per sq.ft as other streets in Panapakkam under the Ponneri SRO. This consistency in guideline values reflects the classification and valuation approach taken by the Registration Department.

Stamp duty and registration fee for property in N.R.D. Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty is charged at 7%, which totals Rs 7,000, and the registration fee is charged at 2%, amounting to Rs 2,000. Therefore, the total cost for stamp duty and registration fee combined is Rs 9,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers N.R.D. Avenue?

The Sub Registrar Office that covers N.R.D. Avenue is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more information about other offices, you can find your SRO.

How the guideline value is used when you buy or sell in Panapakkam

When buying or selling property in N.R.D. Avenue, the guideline value plays a significant role in determining the registration fees and stamp duty. The guideline value serves as a benchmark for the valuation of the property, ensuring that the transaction is registered at an appropriate value. This helps maintain transparency and standardization in property transactions.

During the registration process, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property as per the established guidelines.

Frequently asked questions

What is the current guideline value of N.R.D. Avenue?

The current guideline value of N.R.D. Avenue is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of N.R.D. Avenue has increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2023 and has remained at that value in 2024, resulting in a 49% increase overall from 2017 to 2024.

What are the stamp duty and registration fees for property in N.R.D. Avenue?

For a property with a guideline value of Rs 1,00,000, the stamp duty is Rs 7,000 and the registration fee is Rs 2,000, totaling Rs 9,000 for a 1,000 sq.ft plot.

Which office handles the registration for N.R.D. Avenue?

The Ponneri Sub Registrar Office handles the registration for N.R.D. Avenue, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

Is there a guideline value for previous years?

No recorded figures exist for the years 2002, 2003, 2007, and 2012 for N.R.D. Avenue. The only revisions with figures are from 2017, 2023, and 2024.