Guideline Value

Corporate

Guideline Value for POOVAI ROAD 4TH CROSS STREET

₹2610/sq.ft.

The guideline value for Poovai Road 4th Cross Street in Paruthipattu village (Avadi SRO, Chennai zone) is Rs 2610 per sq.ft, effective 1 July 2024. It was Rs 2400 per sq.ft from 1 April 2023, a 9% change. The land classification is Commercial Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paruthipattu

Village

Avadi

SRO

Commercial Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹2610 /sq.ft.
From 1-4-2023 ₹2400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1172 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1750 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹392 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹341 /sq.ft.
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 Poovai Road 4th Cross Street

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Poovai Road 4th Cross Street guideline value

The current guideline value of Poovai Road 4th Cross Street is Rs 2,610 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village and falls under the Avadi SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Poovai Road 4th Cross Street has changed

The guideline value for Poovai Road 4th Cross Street has seen significant changes over the years. In 2002, the guideline value was Rs 341 per sq.ft. This increased to Rs 392 per sq.ft in 2003, marking a rise of 15%. The value continued to climb, reaching Rs 500 per sq.ft in 2007, which was a 28% increase. By 2012, the value had risen to Rs 1,750 per sq.ft, reflecting a substantial increase of 250%. However, there was a decline to Rs 1,172 per sq.ft in 2017, a decrease of 33%. The value then surged to Rs 2,400 per sq.ft in 2023, representing a significant increase of 105%. The most recent revision in 2024 set the guideline value at Rs 2,610 per sq.ft, marking a 9% increase from the previous year.

There are no figures available for the guideline value of Poovai Road 4th Cross Street for the years not mentioned in the revisions.

Guideline values in Paruthipattu

In Paruthipattu village, there are 486 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 4,730 per sq.ft. The median guideline value in this area is Rs 1,625 per sq.ft, placing Poovai Road 4th Cross Street above this median.

Stamp duty and registration fee for property in Poovai Road 4th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,610 per sq.ft, the total guideline value amounts to Rs 26,10,000. The stamp duty at 7% would be Rs 1,82,700, while the registration fee at 2% would be Rs 52,200. Together, the total cost for stamp duty and registration would be Rs 2,34,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Poovai Road 4th Cross Street?

The Sub Registrar Office that covers Poovai Road 4th Cross Street 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 more information.

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

The guideline value is a crucial factor when registering property transactions in Paruthipattu. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value as it impacts the overall cost of the transaction. Buyers should consider the guideline value to understand the financial implications of the purchase, including the associated fees.

Frequently asked questions

What is the current guideline value of Poovai Road 4th Cross Street?

The current guideline value of Poovai Road 4th Cross Street is Rs 2,610 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 341 per sq.ft in 2002 to Rs 2,610 per sq.ft in 2024, with various increases and one decrease recorded in the intervening years.

What is the land classification for Poovai Road 4th Cross Street?

The land classification for Poovai Road 4th Cross Street is Commercial Class I Type - II.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 26,10,000, the stamp duty would be Rs 1,82,700 and the registration fee would be Rs 52,200, totaling Rs 2,34,900.

Which office handles registrations for Poovai Road 4th Cross Street?

The Avadi Sub Registrar Office handles registrations for Poovai Road 4th Cross Street, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.