Guideline Value

Corporate

Guideline Value for NORTH STREET

₹950/sq.ft.

The guideline value for North Street 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 North Street

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North Street guideline value

The current guideline value of North Street in Paruthipattu village, under the Avadi SRO, is Rs 950 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of North Street has changed

The guideline value for North Street has seen several revisions over the years. Starting from Rs 152 per sq.ft in 2002, it increased to Rs 175 per sq.ft in 2003, marking a 15% rise. The value then saw a significant jump to Rs 350 per sq.ft in 2007, which was a 100% increase. By 2012, the value was Rs 900 per sq.ft, reflecting a 157% increase from the previous revision. However, it decreased to Rs 603 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 900 per sq.ft in 2023, and finally reached Rs 950 per sq.ft in 2024, representing a 6% increase.

Overall, from 2002 to 2024, the guideline value has increased by 525%. There are no figures available for the revisions in years other than those listed.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO, with guideline values ranging from Rs 801 to Rs 4,730 per sq.ft. The median value is Rs 1,625 per sq.ft, which means North Street's 2024 figure is below that median.

Stamp duty and registration fee for property in North Street

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, bringing the total fees together to Rs 85,500. Please note that the 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 more details.

Which Sub Registrar Office covers North Street?

The Sub Registrar Office that covers North 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 Paruthipattu

The guideline value plays a crucial role during the registration process of property transactions. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value is considered to ensure that the appropriate taxes are levied based on the official valuation rather than the sale price alone. This ensures transparency in property transactions and helps maintain a standard valuation across the region.

Frequently asked questions

What is the current guideline value of North Street?

The current guideline value of North Street is Rs 950 per sq.ft as per the 2024 revision, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 152 per sq.ft in 2002 to Rs 950 per sq.ft in 2024, with various changes in between, including a peak of Rs 900 per sq.ft in 2023.

What is the land classification for North Street?

North Street is classified as Residential Class II Type - I, indicating its designation for residential purposes within the area.

Where can I find the registration office for North Street?

The registration office for North 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.

How is the stamp duty calculated for properties in North Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 9,50,000 would incur a stamp duty of Rs 66,500 at 7%.