Guideline Value

Corporate

Guideline Value for O.C.F.ROAD

₹950/sq.ft.

The guideline value for O.c.f.road 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 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹282 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹245 /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]

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O.C.F.Road guideline value

The current guideline value of O.C.F.Road in Paruthipattu village, under the Avadi SRO, is Rs 950 per sq.ft, effective from 1 July 2024. This classification falls under Residential Class II Type - I.

How the guideline value of O.C.F.Road has changed

Since the 2002 revision, the guideline value for O.C.F.Road has seen significant changes. The 2002 figure started at Rs 245 per sq.ft, which increased to Rs 282 per sq.ft in 2003. Following this, the value rose to Rs 500 per sq.ft in 2007, then to Rs 900 per sq.ft in 2012. The 2017 revision saw a decrease to Rs 603 per sq.ft, while the 2023 revision brought it back up to Rs 900 per sq.ft. Finally, the current 2024 revision sets the guideline value at Rs 950 per sq.ft.

The changes between revisions are noteworthy. From 2002 to 2003, there was a 15% increase. The value then rose by 77% from 2003 to 2007. In the following years, from 2007 to 2012, there was an 80% increase, but this was followed by a decrease of 33% from 2012 to 2017. The value increased by 49% from 2017 to 2023, and now there is a 6% increase from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by 288%.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft. The median value for these streets is Rs 1,625 per sq.ft, making O.C.F.Road's 2024 figure below that median.

Stamp duty and registration fee for property in O.C.F.Road

For a 1,000 sq.ft plot at the current rate of Rs 950 per sq.ft, the guideline value amounts to Rs 9,50,000. The stamp duty at 7% would be Rs 66,500, and the registration fee at 2% would be Rs 19,000, totaling Rs 85,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers O.C.F.Road?

The O.C.F.Road is covered by 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 is a crucial factor when buying or selling property in Paruthipattu. It determines the minimum price at which a property can be registered, ensuring that the transaction is recorded accurately in the official records. Buyers and sellers must be aware of this value to avoid any discrepancies during the registration process.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. This means that both parties involved in the transaction must consider the guideline value to ensure compliance with legal requirements and to facilitate a smooth registration process.

Frequently asked questions

What is the current guideline value of O.C.F.Road?

The current guideline value of O.C.F.Road is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 245 per sq.ft in 2002 to Rs 950 per sq.ft in 2024, marking an overall increase of 288% over this period.

What is the land classification for O.C.F.Road?

O.C.F.Road falls under the Residential Class II Type - I land classification.

What are the stamp duty and registration fees for a property on O.C.F.Road?

For a property valued at Rs 9,50,000, the stamp duty would be Rs 66,500 and the registration fee would be Rs 19,000, totaling Rs 85,500.

Where can I find the Sub Registrar Office for O.C.F.Road?

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