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Guideline Value

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Guideline Value for NAVAJEEVAN NAGAR 1ST CROSS STREET

₹988/sq.ft.

The guideline value for Navajeevan Nagar 1st Cross Street in Thandurai village (Avadi SRO, Chennai zone) is Rs 988 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

Thandurai

Village

Avadi

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹988 /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 ₹386 /sq.ft.
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 Navajeevan Nagar 1st Cross Street

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Navajeevan Nagar 1st Cross Street guideline value

The current guideline value of Navajeevan Nagar 1st Cross Street is Rs 988 per sq.ft, effective from 1 July 2024. This street is located in Thandurai village, under the Avadi SRO, and is classified as Residential Class II Type - I.

How the guideline value of Navajeevan Nagar 1st Cross Street has changed

The guideline value for this street has undergone several revisions over the years. In 2007, the value was set at Rs 386 per sq.ft. This increased to Rs 900 per sq.ft in 2012, marking a significant rise of 133%. However, by 2017, the value decreased to Rs 603 per sq.ft, reflecting a decline of 33%. The value then rose to Rs 900 per sq.ft in 2023, before reaching Rs 988 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

From 2017 to 2023, there was a substantial increase of 49%. Overall, the guideline value has increased by 156% from Rs 386 per sq.ft in 2007 to Rs 988 per sq.ft in 2024. It is important to note that the register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO that carry a guideline value for 2024, with values ranging from Rs 800 to Rs 2,640 per sq.ft. The median guideline value is Rs 988 per sq.ft, which is the same as the 2024 figure for Navajeevan Nagar 1st Cross Street.

Stamp duty and registration fee for property in Navajeevan Nagar 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value would be Rs 9,88,000. The stamp duty at 7% would amount to Rs 69,160, and the registration fee at 2% would be Rs 19,760, totaling Rs 88,920. Please 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 Navajeevan Nagar 1st Cross Street?

The Sub Registrar Office that covers Navajeevan Nagar 1st Cross Street 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 an important factor in property transactions in Thandurai. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property. The guideline value ensures that the government receives the appropriate revenue from property transactions.

When a property is registered, the guideline value is used to calculate the stamp duty and registration fees based on the higher of the guideline value or the sale price. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Navajeevan Nagar 1st Cross Street?

The current guideline value of Navajeevan Nagar 1st Cross Street is Rs 988 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, increasing from Rs 386 per sq.ft in 2007 to Rs 988 per sq.ft in 2024, which is an overall increase of 156%.

What is the stamp duty rate for properties in Navajeevan Nagar 1st Cross Street?

The stamp duty rate for properties in this area is 7%, which is calculated based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for this street?

The Avadi Sub Registrar Office covers Navajeevan Nagar 1st Cross Street, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the land classification of Navajeevan Nagar 1st Cross Street?

Navajeevan Nagar 1st Cross Street is classified as Residential Class II Type - I.