Guideline Value

Corporate

Guideline Value for NARIKURAVAN COLONY

₹950/sq.ft.

The guideline value for Narikuravan Colony in Paruthipattu village (Avadi SRO, Chennai zone) is Rs 950 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paruthipattu

Village

Avadi

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹950 /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 ₹350 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹175 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹152 /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 Narikuravan Colony

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Narikuravan Colony guideline value

The current guideline value of Narikuravan Colony, located in Paruthipattu village under the Avadi SRO, is Rs 950 per sq.ft as per the 2024 revision, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Narikuravan Colony has changed

The guideline value for Narikuravan Colony has seen several revisions over the years. In 2002, the value was Rs 152 per sq.ft, which increased to Rs 175 per sq.ft in 2003, marking a change of +15%. The value continued to rise, reaching Rs 350 per sq.ft in 2007, a significant increase of +100%. By 2012, the value was Rs 900 per sq.ft, reflecting a rise of +157% from the previous revision. However, this was followed by a decrease to Rs 603 per sq.ft in 2017, which was a decline of -33%. The value then rose again to Rs 900 per sq.ft in 2023, before reaching the current value of Rs 950 per sq.ft in 2024, an increase of +6%.

Overall, from 2002 to 2024, the guideline value has increased by +525%. It is important to note that there are no revisions for Narikuravan Colony in the years not mentioned in the register.

Guideline values in Paruthipattu

In Paruthipattu village, there are 486 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft, with a median value of Rs 1,625 per sq.ft. The guideline value for Narikuravan Colony is below this median.

Stamp duty and registration fee for property in Narikuravan Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value would be Rs 9,50,000. The stamp duty at 7% would amount to Rs 66,500, and the registration fee at 2% would be Rs 19,000, totaling Rs 85,500. 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 Narikuravan Colony?

The Sub Registrar Office that covers Narikuravan Colony 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 Paruthipattu

The guideline value plays a crucial role in the registration process of property transactions in Paruthipattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is considered in conjunction with the sale price. The higher of the two figures will be used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Narikuravan Colony?

The current guideline value of Narikuravan Colony is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase being from Rs 900 per sq.ft in 2023 to Rs 950 per sq.ft in 2024, a rise of +6%. Overall, from 2002 to 2024, it has increased by +525%.

What are the other streets in Paruthipattu with their guideline values?

Other streets in Paruthipattu include Narayanapuram Main Road (Konambedu) at Rs 950 per sq.ft, Nehru Bajar (Commercial) at Rs 2,970 per sq.ft, and Namperumal Pettai at Rs 990 per sq.ft, among others.

What are the stamp duty and registration fees for properties in Narikuravan Colony?

For a property valued at Rs 9,50,000, the stamp duty would be Rs 66,500 and the registration fee would be Rs 19,000, totaling Rs 85,500. These fees are calculated based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Narikuravan Colony located?

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