Guideline Value

Corporate

Guideline Value for NEW AVADI ROAD

₹800/sq.ft.

The guideline value for New Avadi Road 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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New Avadi Road guideline value

The current guideline value of New Avadi Road is Rs 800 per sq.ft, effective from 1 July 2024. This street is located in Thandurai village under the Avadi SRO, classified as Residential Class II Type - II.

How the guideline value of New Avadi Road has changed

Looking at the historical revisions, the guideline value for New Avadi Road has seen several changes. In the 2012 revision, the value was set at Rs 800 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 536 per sq.ft, marking a reduction of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 800 per sq.ft. The 2024 revision has maintained this value at Rs 800 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 regarding the guideline value for this street.

Guideline values in Thandurai

In Thandurai village, 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. The guideline value for New Avadi Road is below this median.

Stamp duty and registration fee for property in New Avadi Road

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be 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 the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers New Avadi Road?

The New Avadi Road 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 Thandurai

The guideline value is a crucial factor in property transactions in Thandurai. It is used to determine the stamp duty and registration fees applicable during the registration of property sales. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements and to calculate the necessary fees accurately.

When a property is sold, the guideline value serves as a benchmark for the minimum sale price, ensuring that the transaction is registered at a value that reflects the established rates in the area. This helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of New Avadi Road?

The current guideline value of New Avadi Road 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 several revisions: it was Rs 800 per sq.ft in 2012, decreased to Rs 536 per sq.ft in 2017, and then increased back to Rs 800 per sq.ft in both 2023 and 2024.

What are the other streets in Thandurai with guideline values?

Other streets in Thandurai include Nethaji St (M.T.H.Road Southern Side), Nethaji St, Kamarajapuram, Nethaji Bose Street, and several Nehru Streets, all valued at Rs 988 per sq.ft in 2024.

What is the registration fee for property in New Avadi Road?

The registration fee for a property in New Avadi Road is calculated based on the guideline value. For example, a 1,000 sq.ft property at Rs 800 per sq.ft incurs a total registration fee of Rs 72,000, including stamp duty and registration fees.

Where can I find the Sub Registrar Office for New Avadi Road?

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