Guideline Value

Corporate

Guideline Value for PORTIN HOME IN M.R.GARDEN

₹950/sq.ft.

The guideline value for Portin Home In M.r.garden 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 Portin Home In M.r.garden

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Portin Home In M.R.Garden guideline value

The current guideline value for Portin Home In M.R.Garden is Rs 950 per sq.ft, effective from 1 July 2024. This property is located in Paruthipattu village, under the Avadi SRO, and is classified as Residential Class II Type - I.

How the guideline value of Portin Home In M.R.Garden has changed

The guideline value for Portin Home In M.R.Garden has undergone several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in 2017. Following this, the value increased significantly to Rs 900 per sq.ft in 2023, and then rose again to Rs 950 per sq.ft in 2024, marking a 6% increase from the previous year. The register has no figure for this street in 2002, 2003, and 2007.

From 2017 to 2023, there was a substantial increase of 49%, while the change from 2012 to 2017 saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft, with a median value of Rs 1,625 per sq.ft. The guideline value for Portin Home In M.R.Garden is below this median.

Stamp duty and registration fee for property in Portin Home In M.R.Garden

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, totaling Rs 85,500. Duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Portin Home In M.R.Garden?

The Sub Registrar Office that covers Portin Home In M.R.Garden 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 Paruthipattu

The guideline value is a crucial factor when buying or selling property in Paruthipattu. It determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees. Buyers and sellers should be aware of the guideline value to ensure compliance with local regulations during the transaction.

When a property is sold, the guideline value is assessed to determine the applicable duties. If the sale price is higher than the guideline value, the duty is charged on the sale price instead. This ensures that the registration process reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Portin Home In M.R.Garden?

The current guideline value of Portin Home In M.R.Garden 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 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then to Rs 900 per sq.ft in 2023, and finally to Rs 950 per sq.ft in 2024.

What is the land classification for Portin Home In M.R.Garden?

Portin Home In M.R.Garden is classified as Residential Class II Type - I.

What is the stamp duty for property in Portin Home In M.R.Garden?

The stamp duty for property in Portin Home In M.R.Garden is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Portin Home In M.R.Garden 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.