Guideline Value

Corporate

Guideline Value for PERIYAR ST, KAMARAJ NAGAR

₹950/sq.ft.

The guideline value for Periyar St, Kamaraj Nagar 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 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 Periyar St, Kamaraj Nagar

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Periyar St, Kamaraj Nagar guideline value

The current guideline value of Periyar St, Kamaraj Nagar is Rs 950 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village, under the Avadi Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of Periyar St, Kamaraj Nagar has changed

The guideline value for Periyar St, Kamaraj Nagar has seen several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 900 per sq.ft. This was followed by a decrease to Rs 603 per sq.ft in 2017. In 2023, the value increased to Rs 900 per sq.ft, and the most recent revision in 2024 set the value at Rs 950 per sq.ft, marking a 6% increase from the previous year.

From 2017 to 2023, the guideline value increased significantly by 49%. Overall, comparing the figures from 2012 to 2024, there has been a slight increase of 6%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO, with guideline values ranging from Rs 801 to Rs 4,730 per sq.ft. The median guideline value for these streets is Rs 1,625 per sq.ft, placing the 2024 guideline value of Periyar St, Kamaraj Nagar below this median.

Stamp duty and registration fee for property in Periyar St, Kamaraj Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total 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, bringing the total fees to Rs 85,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Periyar St, Kamaraj Nagar?

The Sub Registrar Office that covers Periyar St, Kamaraj Nagar 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 Paruthipattu

The guideline value plays a crucial role in property transactions in Paruthipattu. It is used as a basis for calculating the stamp duty and registration fees that must be paid when registering a property. This ensures that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable fees. This helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Periyar St, Kamaraj Nagar?

The current guideline value of Periyar St, Kamaraj Nagar 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 from Rs 900 in 2012 to Rs 603 in 2017, then back to Rs 900 in 2023, and finally to Rs 950 in 2024. The most significant increase was 49% from 2017 to 2023.

What is the land classification for Periyar St, Kamaraj Nagar?

The land classification for Periyar St, Kamaraj Nagar is Residential Class II Type - I. This classification indicates the intended use of the land for residential purposes.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2%. For example, a 1,000 sq.ft plot at the current guideline value incurs total fees of Rs 85,500.

Where is the Avadi Sub Registrar Office located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. This office handles registrations for properties in the area.