Guideline Value

Corporate

Guideline Value for SAGUNTHALA AVENUE

₹806/sq.ft.

The guideline value for Sagunthala Avenue in Mitnamalle village (Avadi SRO, Chennai zone) is Rs 806 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 1% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mitnamalle

Village

Avadi

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹806 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹167 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹250 /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 Sagunthala Avenue

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Sagunthala Avenue guideline value

The current guideline value of Sagunthala Avenue is Rs 806 per sq.ft, effective from 1 July 2024. This street is located in Mitnamalle village and falls under the Avadi Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - III.

How the guideline value of Sagunthala Avenue has changed

Over the years, the guideline value of Sagunthala Avenue has seen significant changes. The earliest recorded figure is from the 2012 revision, which was Rs 250 per sq.ft. This figure decreased to Rs 167 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value surged to Rs 800 per sq.ft, marking a remarkable increase of 379%. The latest revision in 2024 shows a slight increase to Rs 806 per sq.ft, which is a 1% rise from the previous year.

The register does not have figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 222%.

Guideline values in Mitnamalle

In Mitnamalle, there are 53 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,550 per sq.ft. The median guideline value for these streets is Rs 802 per sq.ft, placing Sagunthala Avenue's 2024 figure above this median.

Stamp duty and registration fee for property in Sagunthala Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 806 per sq.ft, the total guideline value would be Rs 8,06,000. The stamp duty at 7% would amount to Rs 56,420, and the registration fee at 2% would be Rs 16,120, making the total cost for these fees Rs 72,540. 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 more details.

Which Sub Registrar Office covers Sagunthala Avenue?

The Sub Registrar Office that covers Sagunthala Avenue 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 Mitnamalle

The guideline value plays a crucial role in the registration process for property transactions in Mitnamalle. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the transaction.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sagunthala Avenue?

The current guideline value of Sagunthala Avenue is Rs 806 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 250 per sq.ft in 2012 to Rs 806 per sq.ft in 2024, marking an overall increase of 222% over this period.

What is the land classification for Sagunthala Avenue?

Sagunthala Avenue is classified as Residential Class II Type - III, indicating its use for residential purposes.

Where can I find the Sub Registrar Office for Sagunthala Avenue?

The Sub Registrar Office for Sagunthala Avenue 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 are stamp duty and registration fees calculated in Mitnamalle?

Stamp duty and registration fees in Mitnamalle are calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 8,06,000 would incur a stamp duty of Rs 56,420 and a registration fee of Rs 16,120.