Guideline Value

Corporate

Guideline Value for PERUMAL KOIL ST, NORTH-SOUTH,EAST-WEST MADAVEETHI

₹870/sq.ft.

The guideline value for Perumal Koil St, North-south,east-west Madaveethi in Thiruninravur-b village (Avadi SRO, Chennai zone) is Rs 870 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruninravur-b

Village

Avadi

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹870 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹737 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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 Perumal Koil St, North-south,east-west Madaveethi

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Perumal Koil St, North-South,East-West Madaveethi guideline value

The current guideline value of Perumal Koil St, North-South,East-West Madaveethi is Rs 870 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-B village and falls under the Avadi SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Perumal Koil St, North-South,East-West Madaveethi has changed

The guideline value for Perumal Koil St has seen several revisions over the years. The 2017 revision recorded a value of Rs 737 per sq.ft, which increased to Rs 800 per sq.ft in 2023. The latest revision in 2024 shows a further increase to Rs 870 per sq.ft, marking a 9% rise from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 18%.

There are no figures available for the revisions in 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 have 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, placing Perumal Koil St's 2024 figure above that median.

Stamp duty and registration fee for property in Perumal Koil St, North-South,East-West Madaveethi

For a 1,000 sq.ft plot at the current guideline value of Rs 870 per sq.ft, the total guideline value amounts to Rs 8,70,000. The stamp duty at 7% would be Rs 60,900, and the registration fee at 2% would be Rs 17,400, bringing the total cost for these fees to Rs 78,300. Duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Perumal Koil St, North-South,East-West Madaveethi?

The Sub Registrar Office that covers Perumal Koil St 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 information.

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

The guideline value is a crucial factor in the registration process of property transactions in Thiruninravur-B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Perumal Koil St?

The current guideline value for Perumal Koil St, North-South,East-West Madaveethi is Rs 870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 737 per sq.ft in 2017 to Rs 800 per sq.ft in 2023, and then to Rs 870 per sq.ft in 2024. This represents an overall increase of 18% from 2017 to 2024.

What are the stamp duty rates for property in this area?

The stamp duty for property transactions in Perumal Koil St is charged at a rate of 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 8,70,000, the stamp duty would be Rs 60,900.

Which office handles property registrations for this street?

The Avadi Sub Registrar Office is responsible for handling property registrations for Perumal Koil St, North-South,East-West Madaveethi, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the stamp duty and registration fees that must be paid when buying or selling property. It acts as a reference point for the valuation of properties in the area.