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Guideline Value

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Guideline Value for RAJBAI NAGAR EXTN MANIKANDAN ST

₹1625/sq.ft.

The guideline value for Rajbai Nagar Extn Manikandan St in Paruthipattu village (Avadi SRO, Chennai zone) is Rs 1625 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paruthipattu

Village

Avadi

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1625 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /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 Rajbai Nagar Extn Manikandan St

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Rajbai Nagar Extn Manikandan St guideline value

The current guideline value of Rajbai Nagar Extn Manikandan St is Rs 1,625 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village under the Avadi SRO, and the land classification is Residential Special Type - I.

How the guideline value of Rajbai Nagar Extn Manikandan St has changed

The guideline value for Rajbai Nagar Extn Manikandan St has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which decreased to Rs 804 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, there was a significant increase of 87%, bringing the value up to Rs 1,500 per sq.ft. The latest revision in 2024 has further increased the guideline value to Rs 1,625 per sq.ft, reflecting an 8% rise from the previous year.

There are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 35%.

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 is Rs 1,625 per sq.ft, which is the same as the current guideline value for Rajbai Nagar Extn Manikandan St.

Stamp duty and registration fee for property in Rajbai Nagar Extn Manikandan St

For a 1,000 sq.ft plot at the current rate of Rs 1,625 per sq.ft, the guideline value amounts to Rs 16,25,000. The stamp duty at 7% would be Rs 1,13,750, and the registration fee at 2% would be Rs 32,500, totaling Rs 1,46,250. It is important to note that 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 Rajbai Nagar Extn Manikandan St?

The Rajbai Nagar Extn Manikandan St falls under 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 an essential factor during the registration of property transactions in Paruthipattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and fairness in the property market.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers must be aware that these charges are based on the guideline value or the sale price, whichever is higher, thereby impacting the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Rajbai Nagar Extn Manikandan St?

The current guideline value of Rajbai Nagar Extn Manikandan St is Rs 1,625 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 in 2012 to Rs 804 in 2017, then to Rs 1,500 in 2023, and finally to Rs 1,625 in 2024. There are no figures available for the years 2002, 2003, and 2007 for this street.

What is the registration office for properties in this area?

The registration office for properties in Rajbai Nagar Extn Manikandan 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.

How is stamp duty calculated for properties in Rajbai Nagar Extn Manikandan St?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 1,13,750.

What is the land classification for Rajbai Nagar Extn Manikandan St?

The land classification for Rajbai Nagar Extn Manikandan St is Residential Special Type - I.