Guideline Value

Corporate

Guideline Value for OCF ROAD (COMMERCIAL)

₹1650/sq.ft.

The guideline value for Ocf Road (commercial) in Paruthipattu village (Avadi SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Iv. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paruthipattu

Village

Avadi

SRO

Residential Special Type - IV
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /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]
Records for a plot on Ocf Road (commercial)

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Ocf Road (Commercial) guideline value

The current guideline value for Ocf Road (Commercial) is Rs 1,650 per sq.ft, effective from 1 July 2024. This road is located in Paruthipattu village, under the Avadi Sub Registrar Office (SRO), and is classified as Residential Special Type - IV.

How the guideline value of Ocf Road (Commercial) has changed

Over the years, the guideline value of Ocf Road (Commercial) has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,500 per sq.ft, and the latest 2024 revision raised it further to Rs 1,650 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the value decreased by 33%, followed by a significant increase of 49% from 2017 to 2023. The change from 2023 to 2024 reflects a 10% increase. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%.

Guideline values in Paruthipattu

In Paruthipattu village, 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, placing Ocf Road (Commercial) above this median at Rs 1,650 per sq.ft.

Stamp duty and registration fee for property in Ocf Road (Commercial)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total fees to Rs 1,48,500. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ocf Road (Commercial)?

The Ocf Road (Commercial) falls under the jurisdiction of 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 details.

How the guideline value is used when you buy or sell in Paruthipattu

The guideline value plays a crucial role in the registration process of property transactions in Paruthipattu. When buying or selling a property, the guideline value is used to determine the stamp duty and registration fees, ensuring that these fees are calculated based on the official value set by the government.

It is essential for buyers and sellers to be aware of the current guideline value as it reflects the official pricing for properties in the area. This value is updated periodically, and understanding it can help in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Ocf Road (Commercial)?

The current guideline value of Ocf Road (Commercial) is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What are the other streets in Paruthipattu with their guideline values?

Other streets in Paruthipattu have varying guideline values, with O.C.F.Road at Rs 950 per sq.ft, Old Agraharam St at Rs 1,625 per sq.ft, and several others ranging from Rs 950 to Rs 1,625 per sq.ft.

What are the fees associated with buying property on Ocf Road (Commercial)?

For a property on Ocf Road (Commercial), the total fees including stamp duty and registration fee would be Rs 1,48,500 for a 1,000 sq.ft plot, based on the current guideline value.

Where is the Sub Registrar Office for Ocf Road (Commercial)?

The Sub Registrar Office covering Ocf Road (Commercial) is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.