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Guideline Value

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Guideline Value for PERIYAR STREET (BABU NAGAR)

₹988/sq.ft.

The guideline value for Periyar Street (babu Nagar) in Thandurai village (Avadi SRO, Chennai zone) is Rs 988 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thandurai

Village

Avadi

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹988 /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 ₹386 /sq.ft.
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 Street (babu Nagar)

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Periyar Street (Babu Nagar) guideline value

The current guideline value of Periyar Street (Babu Nagar) is Rs 988 per sq.ft, effective from 1 July 2024. This street is located in Thandurai village and falls under the Avadi SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Periyar Street (Babu Nagar) has changed

The guideline value for Periyar Street (Babu Nagar) has seen several revisions over the years. In 2007, the value was Rs 386 per sq.ft, which increased to Rs 900 per sq.ft in 2012. However, it then dropped to Rs 603 per sq.ft in 2017. The 2023 revision set the value at Rs 900 per sq.ft, and the current 2024 revision has increased it to Rs 988 per sq.ft. Notably, there are no figures available for the years 2002 and 2003.

From 2017 to 2023, there was a significant increase of 49%. The 2023 to 2024 revision reflects a 10% increase. Overall, from the 2007 revision to the current 2024 figure, there has been a substantial increase of 156%.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,640 per sq.ft. The median value for these streets is Rs 988 per sq.ft, which is the same as the guideline value for Periyar Street (Babu Nagar).

Stamp duty and registration fee for property in Periyar Street (Babu Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value amounts to Rs 9,88,000. The stamp duty at 7% would be Rs 69,160, and the registration fee at 2% would be Rs 19,760, making the total cost for these charges Rs 88,920. 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 Periyar Street (Babu Nagar)?

The Sub Registrar Office that covers Periyar Street (Babu Nagar) is the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor in the registration process when buying or selling property in Thandurai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to calculate the necessary fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction. This helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Periyar Street (Babu Nagar)?

The current guideline value of Periyar Street (Babu Nagar) is Rs 988 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 386 per sq.ft in 2007 to Rs 988 per sq.ft in 2024, reflecting an overall increase of 156% over the years.

What is the land classification for Periyar Street (Babu Nagar)?

Periyar Street (Babu Nagar) is classified as Residential Class II Type - I, indicating its suitability for residential development.

What is the stamp duty rate for property transactions in this area?

The stamp duty rate for property transactions in Thandurai is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Periyar Street (Babu Nagar)?

The Avadi Sub Registrar Office covers Periyar Street (Babu Nagar) and is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.