Guideline Value

Corporate

Guideline Value for Paulvadi Street

₹1540/sq.ft.

The guideline value for Paulvadi Street in Thiruverkadu village (Kunrathur SRO, Chennai zone) is Rs 1540 per sq.ft, effective 1 July 2024. It was Rs 1400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruverkadu

Village

Kunrathur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1540 /sq.ft.
From 1-4-2023 ₹1400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹938 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹150 /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)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Paulvadi Street

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Paulvadi Street guideline value

The current guideline value of Paulvadi Street is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in Thiruverkadu village, under the Kunrathur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Paulvadi Street has changed

Over the years, the guideline value of Paulvadi Street has seen significant changes. In the 2007 revision, the value was Rs 150 per sq.ft, which increased dramatically to Rs 1,400 per sq.ft in 2012, marking an increase of 833%. However, the value dropped to Rs 938 per sq.ft in the 2017 revision, a decrease of 33%. The 2023 revision brought the value back up to Rs 1,400 per sq.ft, and the current 2024 revision raised it further to Rs 1,540 per sq.ft, reflecting a 10% increase.

There are no figures available for Paulvadi Street in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by 927%.

Guideline values in Thiruverkadu

In Thiruverkadu, there are 178 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,430 to Rs 3,520 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, which is equal to the current value of Paulvadi Street.

Stamp duty and registration fee for property in Paulvadi Street

For a 1,000 sq.ft plot at the current rate of Rs 1,540 per sq.ft, the guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, totaling Rs 1,38,600. Please note that the 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 Paulvadi Street?

The Sub Registrar Office that covers Paulvadi Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Thiruverkadu. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers should be aware that the guideline value may differ from the sale price, and the higher of the two will be used for calculating the applicable fees.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value as determined by the state. This helps in maintaining transparency in the real estate market and ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Paulvadi Street?

The current guideline value of Paulvadi Street is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has experienced significant changes, increasing from Rs 150 per sq.ft in 2007 to Rs 1,540 per sq.ft in 2024, marking an overall increase of 927%.

What is the registration office for Paulvadi Street?

The registration office for Paulvadi Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Paulvadi Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 15,40,000 would incur a stamp duty of Rs 1,07,800 at 7%.

What are the other streets with the same guideline value in Thiruverkadu?

Other streets in Thiruverkadu with the same guideline value of Rs 1,540 per sq.ft include Perumal Koil 2nd Cross Road, Perumal Koil 3rd Cross Road, Perumal Koil Cross Street, Perumal Koil Ist Cross Road, Perumal Koil Main Road, and Perumal Koil street.