Guideline Value

Corporate

Guideline Value for N.S.K.1ST MAIN ROAD

₹990/sq.ft.

The guideline value for N.s.k.1st Main Road in Paleripattu village (Avadi SRO, Chennai zone) is Rs 990 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paleripattu

Village

Avadi

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹990 /sq.ft.
From 1-4-2023 ₹900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹603 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹900 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹131 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹116 /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]
Records for a plot on N.s.k.1st Main Road

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N.S.K.1st Main Road guideline value

The current guideline value of N.S.K.1st Main Road is Rs 990 per sq.ft, effective from 1 July 2024. This road is located in Paleripattu village, under the Avadi SRO, and is classified as Residential Class II Type - I.

How the guideline value of N.S.K.1st Main Road has changed

The guideline value for N.S.K.1st Main Road has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 116 per sq.ft. It increased to Rs 131 per sq.ft in 2003, marking a change of +13%. The value then rose significantly to Rs 200 per sq.ft in 2007, which is a +53% increase. In 2012, the value was Rs 900 per sq.ft, reflecting a substantial increase of +350% from the previous revision. However, it decreased to Rs 603 per sq.ft in 2017, showing a decline of -33%. The value then rose to Rs 900 per sq.ft in 2023, and finally, it stands at Rs 990 per sq.ft in the 2024 revision, which is a +10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +753%. There are no figures available for revisions in the years not listed in the register for this street.

Guideline values in Paleripattu

Paleripattu village has 111 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 4,200 per sq.ft. The median guideline value for these streets is Rs 990 per sq.ft, which is equal to the current guideline value of N.S.K.1st Main Road.

Stamp duty and registration fee for property in N.S.K.1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total cost for these fees to Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers N.S.K.1st Main Road?

The Sub Registrar Office that covers N.S.K.1st Main Road is the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Paleripattu. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When buying or selling a property, the guideline value ensures that the transaction is recorded accurately and that the appropriate taxes are levied. It is essential for both buyers and sellers to be aware of the current guideline value to understand their financial obligations during the property transaction.

Frequently asked questions

What is the current guideline value of N.S.K.1st Main Road?

The current guideline value of N.S.K.1st Main Road is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 116 per sq.ft in 2002 to Rs 990 per sq.ft in 2024. This reflects an overall increase of +753% over the years.

What is the land classification for N.S.K.1st Main Road?

N.S.K.1st Main Road is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for N.S.K.1st Main Road?

The Sub Registrar Office for N.S.K.1st Main Road 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 the stamp duty calculated for properties in N.S.K.1st Main Road?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300 at 7%.