Guideline Value

Corporate

Guideline Value for NAVASAKTHI NAGAR ANNEX

₹555/sq.ft.

The guideline value for Navasakthi Nagar Annex in Vellanoor-1 village (Avadi SRO, Chennai zone) is Rs 555 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vellanoor-1

Village

Avadi

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹555 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
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 Navasakthi Nagar Annex

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Navasakthi Nagar Annex guideline value

The current guideline value for Navasakthi Nagar Annex is Rs 555 per sq.ft, effective from 1 July 2024. This property is located in Vellanoor-1 village, under the Avadi Sub Registrar Office (SRO). The land classification is Residential Class I Type - I.

How the guideline value of Navasakthi Nagar Annex has changed

The guideline value for Navasakthi Nagar Annex has undergone several revisions. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 500 per sq.ft, which was then increased by 11% to Rs 555 per sq.ft in the 2024 revision.

In summary, the guideline value increased from Rs 500 per sq.ft in 2023 to Rs 555 per sq.ft in 2024. This change reflects a significant adjustment in the valuation of properties in this area.

Guideline values in Vellanoor-1

In Vellanoor-1, there are 34 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 440 to Rs 1,980 per sq.ft. The median value is Rs 555 per sq.ft, making the guideline value for Navasakthi Nagar Annex equal to this median.

Stamp duty and registration fee for property in Navasakthi Nagar Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 555 per sq.ft, the total guideline value would be Rs 5,55,000. The stamp duty at 7% would amount to Rs 38,850, and the registration fee at 2% would be Rs 11,100, bringing the total fees to Rs 49,950. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Navasakthi Nagar Annex?

The Navasakthi Nagar Annex falls under 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 Vellanoor-1

The guideline value is an important reference for determining the value of properties when buying or selling in Vellanoor-1. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is legally compliant.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that all transactions are recorded accurately and transparently.

Frequently asked questions

What is the current guideline value for Navasakthi Nagar Annex?

The current guideline value for Navasakthi Nagar Annex is Rs 555 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

In the recent 2024 revision, the guideline value increased from Rs 500 per sq.ft in 2023 to Rs 555 per sq.ft, representing an 11% increase.

What is the land classification for Navasakthi Nagar Annex?

Navasakthi Nagar Annex is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Navasakthi Nagar Annex?

The Sub Registrar Office for Navasakthi Nagar Annex is 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 Navasakthi Nagar Annex?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 38,850.