Guideline Value

Corporate

Guideline Value for NEW METRO CITY ANNEX - S.NO.755/2

₹440/sq.ft.

The guideline value for New Metro City Annex - S.no.755/2 in Nemam_b village (Avadi SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nemam_b

Village

Avadi

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /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 New Metro City Annex - S.no.755/2

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New Metro City Annex - S.No.755/2 guideline value

The current guideline value of New Metro City Annex - S.No.755/2 is Rs 440 per sq.ft. This property is located in Nemam_B village under the Avadi SRO, and it falls under the Residential Class I Type - II land classification.

How the guideline value of New Metro City Annex - S.No.755/2 has changed

The guideline value for New Metro City Annex - S.No.755/2 has undergone several revisions over the years. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 400 per sq.ft, and in the latest 2024 revision, it increased to Rs 440 per sq.ft, marking a change of +10%.

This increase reflects the current valuation trends in the area. The 2024 figure of Rs 440 per sq.ft is below the median guideline value of Rs 935 per sq.ft for the 24 streets in Nemam_B under the Avadi SRO.

Guideline values in Nemam_B

In Nemam_B, the guideline values for various streets range from Rs 330 to Rs 3,500 per sq.ft, with a median value of Rs 935 per sq.ft. New Metro City Annex - S.No.755/2 is currently valued at Rs 440 per sq.ft, which is below the median for the area.

Stamp duty and registration fee for property in New Metro City Annex - S.No.755/2

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, leading to a total cost of Rs 39,600. Duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for a detailed calculation based on your specific property transaction.

Which Sub Registrar Office covers New Metro City Annex - S.No.755/2?

The New Metro City Annex - S.No.755/2 is covered by the Avadi Sub Registrar Office. The office is 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 Nemam_B

The guideline value is a crucial factor in the registration process of property transactions in Nemam_B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is registered, the guideline value is used to calculate the applicable charges. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, ensuring that the government receives its due revenue based on the property's value.

Frequently asked questions

What is the current guideline value of New Metro City Annex - S.No.755/2?

The current guideline value of New Metro City Annex - S.No.755/2 is Rs 440 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from the previous year?

From the 2023 revision to the 2024 revision, the guideline value increased from Rs 400 per sq.ft to Rs 440 per sq.ft, which is a change of +10%.

What is the land classification of New Metro City Annex - S.No.755/2?

The land classification for New Metro City Annex - S.No.755/2 is Residential Class I Type - II.

What is the registration office for this property?

The registration office for New Metro City Annex - S.No.755/2 is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in Nemam_B?

Stamp duty for properties in Nemam_B is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 4,40,000 would incur a stamp duty of Rs 30,800 at the current rate of 7%.