Guideline Value

Corporate

Guideline Value for SHANTHI AVENUE - I

₹660/sq.ft.

The guideline value for Shanthi Avenue - I in Karunakaracheri village (Avadi SRO, Chennai zone) is Rs 660 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Karunakaracheri

Village

Avadi

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹660 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹600 /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 Shanthi Avenue - I

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

Shanthi Avenue - I guideline value

The current guideline value of Shanthi Avenue - I is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Karunakaracheri village, under the Avadi SRO, and is classified as Residential Special Type - I.

How the guideline value of Shanthi Avenue - I has changed

The guideline value for Shanthi Avenue - I has undergone several revisions over the years. The register shows that in 2017, the guideline value was Rs 600 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded Rs 600 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 660 per sq.ft, marking a 10% rise from the previous year.

Overall, from 2017 to 2024, the guideline value increased by 10%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Karunakaracheri

In Karunakaracheri, there are 10 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 2,000 per sq.ft, with a median value of Rs 880 per sq.ft. The guideline value for Shanthi Avenue - I is below this median.

Stamp duty and registration fee for property in Shanthi Avenue - I

For a 1,000 sq.ft plot at the current rate of Rs 660 per sq.ft, the guideline value amounts to Rs 6,60,000. The stamp duty is calculated at 7%, which comes to Rs 46,200, and the registration fee at 2% amounts to Rs 13,200. Together, these fees total Rs 59,400. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Shanthi Avenue - I?

The Sub Registrar Office that covers Shanthi Avenue - I 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 Karunakaracheri

The guideline value is a crucial factor during property registration in Karunakaracheri. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Shanthi Avenue - I?

The current guideline value of Shanthi Avenue - I is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Shanthi Avenue - I was Rs 600 per sq.ft in 2017 and remained the same until 2023. In 2024, it increased to Rs 660 per sq.ft, marking a 10% rise from the previous year.

What are the other streets in Karunakaracheri with their guideline values?

Other streets in Karunakaracheri include Shanthi Avenue - II, III, IV, and V, all with a guideline value of Rs 660 per sq.ft in 2024, while The Grandiose Town Homes is valued at Rs 1,100 per sq.ft, and Evp Rajeswari Town at Rs 1,650 per sq.ft.

What is the registration fee for property in Shanthi Avenue - I?

The registration fee for property in Shanthi Avenue - I is calculated based on the guideline value or sale price, whichever is higher. For a plot of 1,000 sq.ft, the total registration fee amounts to Rs 59,400.

Where can I find the Sub Registrar Office for Shanthi Avenue - I?

The Avadi Sub Registrar Office covers Shanthi Avenue - I, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.