Guideline Value

Corporate

Guideline Value for SINDHU NAGAR PHASE I

₹550/sq.ft.

The guideline value for Sindhu Nagar Phase I in Moorai-1 village (Avadi SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 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

Moorai-1

Village

Avadi

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
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 Sindhu Nagar Phase I

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Sindhu Nagar Phase I guideline value

The current guideline value of Sindhu Nagar Phase I is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Moorai-1 village and falls under the Avadi Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of Sindhu Nagar Phase I has changed

The guideline value for Sindhu Nagar Phase I has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 550 per sq.ft, which is an increase from the 2023 revision of Rs 500 per sq.ft, reflecting a change of +10%. Prior to 2023, the register has no figure for this street in the years 2017, 2012, 2007, 2003, and 2002.

In summary, the guideline value for Sindhu Nagar Phase I has increased from Rs 500 per sq.ft in 2023 to Rs 550 per sq.ft in 2024. The earlier revisions do not provide any figures for this street, indicating that the value has been established only in the recent revisions.

Guideline values in Moorai-1

Moorai-1 village has 13 streets under the Avadi SRO that carry a guideline value for 2024, ranging from Rs 220 to Rs 550 per sq.ft. The median value for these streets is Rs 550 per sq.ft, which is equal to the current guideline value of Sindhu Nagar Phase I. Below are the guideline values for other streets in Moorai-1:

Stamp duty and registration fee for property in Sindhu Nagar Phase I

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. It is important to note that the 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 Sindhu Nagar Phase I?

The Sub Registrar Office that covers Sindhu Nagar Phase 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 Moorai-1

The guideline value is a crucial factor in property transactions in Moorai-1, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value ensures that the transaction is recorded accurately for taxation and legal purposes.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This means that buyers and sellers need to be aware of the current guideline value to avoid any unexpected costs during the registration of the property.

Frequently asked questions

What is the current guideline value of Sindhu Nagar Phase I?

The current guideline value of Sindhu Nagar Phase I is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2023 to Rs 550 per sq.ft in 2024. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Sindhu Nagar Phase I?

The land classification for Sindhu Nagar Phase I is Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for a property in Sindhu Nagar Phase I?

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 and the registration fee would be Rs 11,000, totaling Rs 49,500.

Where is the Sub Registrar Office located for Sindhu Nagar Phase I?

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