Guideline Value

Corporate

Guideline Value for RAILWAY PARKING ROAD

₹950/sq.ft.

The guideline value for Railway Parking Road 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 ₹350 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹197 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹171 /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 Railway Parking Road

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Railway Parking Road guideline value

The current guideline value of Railway Parking Road in Paruthipattu village is Rs 950 per sq.ft, effective from 1 July 2024. This property falls under the Avadi SRO and is classified as Residential Class II Type - I.

How the guideline value of Railway Parking Road has changed

The guideline value for Railway Parking Road has undergone several revisions over the years. In the 2002 revision, the value was Rs 171 per sq.ft, which increased to Rs 197 per sq.ft in 2003. From 2003 to 2007, the value rose significantly by 78% to reach Rs 350 per sq.ft. The 2007 revision saw another increase, bringing the value to Rs 900 per sq.ft in 2012, before dropping by 33% to Rs 603 per sq.ft in 2017. The 2023 revision set the value at Rs 900 per sq.ft, and the most recent 2024 revision has increased it to Rs 950 per sq.ft, reflecting a 6% change.

Overall, from 2002 to 2024, the guideline value has increased by 456%. There are no figures for the revisions in years not listed in the register for this street.

Guideline values in Paruthipattu

In Paruthipattu, 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 value for these streets is Rs 1,625 per sq.ft, making the current value of Railway Parking Road below that median.

Stamp duty and registration fee for property in Railway Parking Road

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, charged at 7%, would be Rs 66,500, and the registration fee at 2% would be Rs 19,000, making the total fees Rs 85,500. It is important to 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 further calculations.

Which Sub Registrar Office covers Railway Parking Road?

The Railway Parking Road is covered by 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 critical factor when registering property transactions in Paruthipattu. It serves as a benchmark for determining the minimum value of the property, which affects the stamp duty and registration fees payable during the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. This process helps maintain transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Railway Parking Road?

The current guideline value of Railway Parking Road is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 171 per sq.ft to Rs 950 per sq.ft in 2024, reflecting an overall increase of 456%.

What is the land classification for Railway Parking Road?

Railway Parking Road is classified as Residential Class II Type - I, indicating its intended use for residential purposes.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7%, and the registration fee is charged at 2% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Railway Parking Road?

The Avadi Sub Registrar Office covers Railway Parking Road and is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.