Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for SANKAR NAGAR & SANKARAR NAGAR

₹1625/sq.ft.

The guideline value for Sankar Nagar & Sankarar Nagar 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 Sankar Nagar & Sankarar Nagar

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

Sankar Nagar & Sankarar Nagar guideline value

The current guideline value for Sankar Nagar & Sankarar Nagar is Rs 1,625 per sq.ft, effective from 1 July 2024. This area is located in Paruthipattu village, under the Avadi Sub Registrar Office (SRO), and is classified as Residential Special Type - I.

How the guideline value of Sankar Nagar & Sankarar Nagar has changed

The guideline value for Sankar Nagar & Sankarar Nagar has undergone several revisions over the years. The earliest recorded figure is from 2012, set at Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in 2017. The next revision in 2023 saw a substantial increase to Rs 1,500 per sq.ft, and the most recent revision in 2024 raised it further to Rs 1,625 per sq.ft, marking an 8% increase from the previous year.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it surged by 87%. Overall, from 2012 to 2024, the guideline value has increased by 35%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Paruthipattu

In Paruthipattu village, 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 guideline value is Rs 1,625 per sq.ft, which is equal to the current figure for Sankar Nagar & Sankarar Nagar.

Stamp duty and registration fee for property in Sankar Nagar & Sankarar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,625 per sq.ft, the total guideline value amounts to Rs 16,25,000. The stamp duty, charged at 7%, would be Rs 1,13,750, and the registration fee at 2% would be Rs 32,500. Together, the total cost for these fees would be 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 precise calculations based on your property transaction.

Which Sub Registrar Office covers Sankar Nagar & Sankarar Nagar?

The Sub Registrar Office that covers Sankar Nagar & Sankarar Nagar 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 details.

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

The guideline value is an essential factor in property transactions in Paruthipattu, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

It is crucial for buyers and sellers to be aware of the current guideline values, as these figures can significantly impact the overall costs associated with property registration. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value for Sankar Nagar & Sankarar Nagar?

The current guideline value for Sankar Nagar & Sankarar Nagar 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 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,625 per sq.ft in 2024.

What is the land classification for Sankar Nagar & Sankarar Nagar?

The land classification for Sankar Nagar & Sankarar Nagar is Residential Special Type - I.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in this area is 7%, based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sankar Nagar & Sankarar Nagar?

The Sub Registrar Office for Sankar Nagar & Sankarar Nagar is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.