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Guideline Value

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Guideline Value for SAPTHAGIRI NAGAR & STREET

₹990/sq.ft.

The guideline value for Sapthagiri Nagar & Street in Paleripattu village (Avadi SRO, Chennai zone) is Rs 990 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paleripattu

Village

Avadi

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹990 /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 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 Sapthagiri Nagar & Street

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Sapthagiri Nagar & Street guideline value

The current guideline value for Sapthagiri Nagar & Street is Rs 990 per sq.ft, effective from 1 July 2024. This street is located in Paleripattu village, under the Avadi SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sapthagiri Nagar & Street has changed

Looking at the revisions over the years, the guideline value for Sapthagiri Nagar & Street has seen several changes. In 2012, the value was Rs 900 per sq.ft, which decreased to Rs 603 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly to Rs 900 per sq.ft, and in the 2024 revision, it was set at Rs 990 per sq.ft, reflecting a 10% increase from the previous year.

Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Paleripattu

Paleripattu village has a total of 111 streets under the Avadi SRO, with guideline values ranging from Rs 801 to Rs 4,200 per sq.ft. The median value among these streets is Rs 990 per sq.ft, which is equal to the current guideline value for Sapthagiri Nagar & Street.

Stamp duty and registration fee for property in Sapthagiri Nagar & Street

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, totaling Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations based on your specific property.

Which Sub Registrar Office covers Sapthagiri Nagar & Street?

The Sub Registrar Office that covers Sapthagiri Nagar & Street is the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Paleripattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a property is sold, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that all transactions are conducted fairly and transparently.

Frequently asked questions

What is the current guideline value for Sapthagiri Nagar & Street?

The current guideline value for Sapthagiri Nagar & Street is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What are the other streets in Paleripattu with the same guideline value?

Other streets in Paleripattu with a guideline value of Rs 990 per sq.ft include Sargunam St, Sathiyamurthy St, Seethakathi St, Sekkadu Main Road, Sabthagiri St, and Selva Nagar.

What is the stamp duty for property in Sapthagiri Nagar & Street?

The stamp duty for property in Sapthagiri Nagar & Street is 7% of the guideline value, which is Rs 69,300 for a 1,000 sq.ft plot valued at Rs 9,90,000.

Where can I find the Sub Registrar Office for Sapthagiri Nagar & Street?

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