Guideline Value for PALAVEDU ROAD

Palavedu Road guideline value

The current guideline value of Palavedu Road in Thiruninravur-B village, under the Avadi SRO, is Rs 770 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - III land classification.

How the guideline value of Palavedu Road has changed

The guideline value for Palavedu Road has seen significant changes over the years. The 2017 revision recorded a value of Rs 469 per sq.ft. This increased to Rs 700 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 set the value at Rs 770 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 1,760 per sq.ft. The median value for these streets is Rs 770 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 870 per sq.ft (2024)
• Palla Karuneegar St: Rs 440 per sq.ft (2024)
• Palla Street: Rs 770 per sq.ft (2024)
• Pallikooda Street: Rs 440 per sq.ft (2024)
• Pachaiyamman Nagar: Rs 770 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 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total fees to Rs 69,300. 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 details.

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. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Thiruninravur-B

The guideline value plays a crucial role during property transactions in Thiruninravur-B. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, both parties must consider the guideline value as it affects the overall transaction costs. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher amount will be used to calculate applicable duties and fees.

Frequently asked questions

What is the current guideline value of Palavedu Road?

The current guideline value of Palavedu Road is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 469 per sq.ft to Rs 770 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the stamp duty and registration fees for property in Palavedu Road?

For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900 and the registration fee would be Rs 15,400, totaling Rs 69,300.

Which office handles property registrations for Palavedu Road?

The Avadi Sub Registrar Office handles property registrations for Palavedu Road, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What does the guideline value indicate?

The guideline value indicates the minimum value at which a property can be registered in Thiruninravur-B, and it is used to calculate stamp duty and registration fees during property transactions.