Guideline Value for PALAVEDU ROAD

Palavedu Road guideline value

The current guideline value of Palavedu Road is Rs 750 per sq.ft, effective from 1 July 2024. This road is located in Thiruninravur-A village, under the Avadi SRO, and is classified as Residential Class II Type - III.

How the guideline value of Palavedu Road has changed

The guideline value for Palavedu Road has undergone several revisions over the years. The earliest recorded revision was in 2017, where the value was Rs 469 per sq.ft. This increased to Rs 700 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 750 per sq.ft, reflecting a 7% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 60%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,750 per sq.ft. The median value for these streets is Rs 750 per sq.ft, which is equal to the current guideline value of Palavedu Road.

• Palaru Kinaru Street: Rs 440 per sq.ft (2024)
• Palaniyappa Nagar: Rs 840 per sq.ft (2024)
• Palla Karuneegar St: Rs 440 per sq.ft (2024)
• Palla Street: Rs 750 per sq.ft (2024)
• Pallikooda Street: Rs 440 per sq.ft (2024)
• Pachaiyamman Nagar: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Palavedu Road

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total charges to Rs 67,500. 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 precise calculations.

Which Sub Registrar Office covers Palavedu Road?

The Sub Registrar Office that covers Palavedu Road 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 Thiruninravur-A

The guideline value plays a crucial role in property transactions in Thiruninravur-A, as it determines the minimum value at which a property can be registered. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees that must be paid during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations and to avoid any potential legal issues during property transactions.

Frequently asked questions

What is the current guideline value of Palavedu Road?

The current guideline value of Palavedu Road is Rs 750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 469 per sq.ft to Rs 750 per sq.ft in 2024, marking an overall increase of 60%.

What are the stamp duty and registration fees for properties on Palavedu Road?

For a property valued at Rs 7,50,000, the stamp duty would be Rs 52,500, and the registration fee would be Rs 15,000, totaling Rs 67,500.

Which office handles property registrations for Palavedu Road?

The Avadi Sub Registrar Office is responsible for property registrations on Palavedu Road, located in Thandurai Village, Avadi Taluk.

What is the significance of guideline value in property transactions?

The guideline value is used to determine the minimum registration value of a property, affecting the stamp duty and registration fees during transactions. It ensures compliance with local regulations when buying or selling properties.