Guideline Value

Corporate

Guideline Value for PALAVEDU MAIN ROAD (COMMERCIAL AREA)

₹802/sq.ft.

The guideline value for Palavedu Main Road (commercial Area) in Mitnamalle village (Avadi SRO, Chennai zone) is Rs 802 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 34% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mitnamalle

Village

Avadi

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹802 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /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 Palavedu Main Road (commercial Area)

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Palavedu Main Road (Commercial Area) guideline value

The current guideline value of Palavedu Main Road (Commercial Area) is Rs 802 per sq.ft, effective from 1 July 2024. This road is located in Mitnamalle village and falls under the Avadi SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Palavedu Main Road (Commercial Area) has changed

Over the years, the guideline value of Palavedu Main Road has seen several revisions. The oldest recorded revision is from 2012, where the guideline value was Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in the 2017 revision. The value then increased to Rs 600 per sq.ft in 2023, and the most recent revision in 2024 set the guideline value at Rs 802 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the guideline value increased by 49%. The most significant change occurred from 2023 to 2024, with an increase of 34%. Overall, from 2012 to 2024, the guideline value has increased by 34%.

Guideline values in Mitnamalle

In Mitnamalle, there are 53 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,550 per sq.ft. The median value is Rs 802 per sq.ft, making the guideline value of Palavedu Main Road (Commercial Area) equal to this median. Below are the guideline values for other streets in Mitnamalle:

Stamp duty and registration fee for property in Palavedu Main Road (Commercial Area)

For a 1,000 sq.ft plot at the current rate of Rs 802 per sq.ft, the guideline value amounts to Rs 8,02,000. The stamp duty is charged at 7%, which totals Rs 56,140, and the registration fee is charged at 2%, amounting to Rs 16,040. Together, the total cost for stamp duty and registration fee would be Rs 72,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Palavedu Main Road (Commercial Area)?

The Sub Registrar Office that covers Palavedu Main Road (Commercial Area) 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 details.

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

The guideline value is an essential factor during the registration process when buying or selling property in Mitnamalle. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Palavedu Main Road?

The current guideline value of Palavedu Main Road (Commercial Area) is Rs 802 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023, and finally to Rs 802 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 8,02,000, the stamp duty would be Rs 56,140 and the registration fee would be Rs 16,040, totaling Rs 72,180.

Which Sub Registrar Office should I visit for transactions in Mitnamalle?

The Avadi Sub Registrar Office covers transactions in Mitnamalle, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the guideline value determined for properties in Mitnamalle?

The guideline value is determined based on various factors, including location and land classification. It serves as a minimum value for registration purposes, ensuring that property transactions are recorded accurately.