Guideline Value

Corporate

Guideline Value for NAGARATHINAM ST

₹800/sq.ft.

The guideline value for Nagarathinam St in Thandurai village (Avadi SRO, Chennai zone) is Rs 800 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thandurai

Village

Avadi

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹800 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /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

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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Nagarathinam St guideline value

The current guideline value of Nagarathinam St in Thandurai village is Rs 800 per sq.ft, effective from 1 July 2024. This street falls under the Avadi Sub Registrar Office (SRO) and is classified as Residential Class II Type - II.

How the guideline value of Nagarathinam St has changed

The guideline value for Nagarathinam St has undergone several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 800 per sq.ft. The 2017 revision showed a decrease to Rs 536 per sq.ft, marking a -33% change from the previous 2012 figure. The register has no figure for the years 2002, 2003, and 2007.

From 2017 to 2023, there was a significant increase of +49%, bringing the value back to Rs 800 per sq.ft in 2023. The current 2024 revision maintains this value, showing no change from the previous year. Overall, from 2012 to 2024, the guideline value has remained at Rs 800 per sq.ft.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,640 per sq.ft, with a median value of Rs 988 per sq.ft. Nagarathinam St's 2024 figure is below this median.

Stamp duty and registration fee for property in Nagarathinam St

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. It is important to note that 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 Nagarathinam St?

The Sub Registrar Office that covers Nagarathinam St 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 reference point when buying or selling property in Thandurai. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers and sellers should be aware that the guideline value can influence the overall costs associated with property transactions.

When a property is registered, the guideline value is checked against the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Nagarathinam St?

The current guideline value of Nagarathinam St is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent being Rs 800 per sq.ft in both 2023 and 2024. The value was Rs 536 per sq.ft in 2017, and Rs 800 per sq.ft in 2012, with no figures available for the years 2002, 2003, and 2007.

What are the stamp duty and registration fees for properties on Nagarathinam St?

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000, and the registration fee would be Rs 16,000, totaling Rs 72,000. These fees are calculated based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Nagarathinam St?

The Avadi Sub Registrar Office covers Nagarathinam St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It serves as a reference point to ensure that the appropriate fees are collected based on the property's value.