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Guideline Value

Corporate

Guideline Value for SAMBANGI NAGAR & STREETS

₹870/sq.ft.

The guideline value for Sambangi Nagar & Streets in Thiruninravur-b village (Avadi SRO, Chennai zone) is Rs 870 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruninravur-b

Village

Avadi

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹870 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹737 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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 Sambangi Nagar & Streets

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Sambangi Nagar & Streets guideline value

The current guideline value of Sambangi Nagar & Streets is Rs 870 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-B village under the Avadi SRO and is classified as Residential Class II Type - II.

How the guideline value of Sambangi Nagar & Streets has changed

The guideline value for Sambangi Nagar & Streets has undergone several revisions over the years. The 2017 revision set the value at Rs 737 per sq.ft, which increased to Rs 800 per sq.ft in the 2023 revision. The most recent 2024 revision raised the guideline value to Rs 870 per sq.ft, marking a 9% increase from the previous year and a total increase of 18% from 2017 to 2024.

The register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the changes noted are solely between the years with recorded values: from Rs 737 in 2017 to Rs 800 in 2023, followed by Rs 870 in 2024.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 1,760 per sq.ft, with a median value of Rs 770 per sq.ft. The guideline value of Sambangi Nagar & Streets at Rs 870 per sq.ft is above this median.

Stamp duty and registration fee for property in Sambangi Nagar & Streets

For a 1,000 sq.ft plot at the current rate of Rs 870 per sq.ft, the guideline value amounts to Rs 8,70,000. The stamp duty at 7% would be Rs 60,900, and the registration fee at 2% would be Rs 17,400, bringing the total to Rs 78,300. Duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sambangi Nagar & Streets?

The Sambangi Nagar & Streets area 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 Thiruninravur-B

The guideline value is a critical factor in property transactions in Thiruninravur-B. It serves as the baseline for calculating stamp duty and registration fees when property is bought or sold. The value ensures that the government receives the appropriate revenue from property transactions.

When registering a property, the guideline value helps determine the official value of the property for taxation purposes. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Sambangi Nagar & Streets?

The current guideline value of Sambangi Nagar & Streets is Rs 870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 737 per sq.ft in 2017 to Rs 800 in 2023, and then to Rs 870 in 2024. This represents an overall increase of 18% from 2017 to 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 8,70,000, the stamp duty would be Rs 60,900 and the registration fee would be Rs 17,400, totaling Rs 78,300. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office handles transactions in Sambangi Nagar & Streets?

The Avadi Sub Registrar Office handles transactions for Sambangi Nagar & Streets, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the official value of a property for taxation purposes during registration. It ensures that the appropriate stamp duty and registration fees are collected by the government during property transactions.