Guideline Value

Corporate

Guideline Value for NARAYANASAMY AVENUE & STREETS

₹750/sq.ft.

The guideline value for Narayanasamy Avenue & Streets in Thiruninravur-a village (Avadi SRO, Chennai zone) is Rs 750 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruninravur-a

Village

Avadi

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹750 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /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)

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 Narayanasamy Avenue & Streets

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Narayanasamy Avenue & Streets guideline value

The current guideline value for Narayanasamy Avenue & Streets is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in the Thiruninravur-A village under the Avadi SRO and falls under the Residential Class II Type - III land classification.

How the guideline value of Narayanasamy Avenue & Streets has changed

The guideline value for Narayanasamy Avenue & Streets has undergone several revisions over the years. The oldest recorded revision is from 2017, where the guideline value was Rs 469 per sq.ft. This figure increased to Rs 700 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 750 per sq.ft, reflecting a 7% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 60%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft. The median guideline value is Rs 750 per sq.ft, which is equal to the current value for Narayanasamy Avenue & Streets.

Stamp duty and registration fee for property in Narayanasamy Avenue & Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total fees to Rs 67,500. 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 Narayanasamy Avenue & Streets?

The Sub Registrar Office that covers Narayanasamy Avenue & Streets 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 Thiruninravur-A

The guideline value is a critical factor in the registration process when buying or selling property in Thiruninravur-A. It serves as a benchmark for determining the stamp duty and registration fees that must be paid at the time of registration.

When a property is sold, the sale price or the guideline value, whichever is higher, is used to calculate these charges. This ensures that the government receives appropriate revenue from property transactions based on established values.

Frequently asked questions

What is the current guideline value for Narayanasamy Avenue & Streets?

The current guideline value for Narayanasamy Avenue & Streets is Rs 750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value for Narayanasamy Avenue & Streets has increased from Rs 469 per sq.ft to Rs 750 per sq.ft, representing a total increase of 60% over this period.

What are the stamp duty and registration fees for a property in this area?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 67,500.

Which office handles the registration for Narayanasamy Avenue & Streets?

The Avadi Sub Registrar Office handles the registration for Narayanasamy Avenue & Streets, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the land classification for Narayanasamy Avenue & Streets?

Narayanasamy Avenue & Streets falls under the Residential Class II Type - III land classification, which is relevant for understanding its intended use and regulatory framework.