Guideline Value

Corporate

Guideline Value for SREE VARI NAGAR PHASE-II

₹330/sq.ft.

The guideline value for Sree Vari Nagar Phase-ii in Kilkondaiyur village (Avadi SRO, Chennai zone) is Rs 330 per sq.ft, effective 1 July 2024. It was Rs 300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kilkondaiyur

Village

Avadi

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹330 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹300 /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 Sree Vari Nagar Phase-ii

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Sree Vari Nagar Phase-II guideline value

The current guideline value of Sree Vari Nagar Phase-II is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Kilkondaiyur village and falls under the Avadi Sub Registrar Office. The land classification for this region is Residential Class I Type - I.

How the guideline value of Sree Vari Nagar Phase-II has changed

The guideline value for Sree Vari Nagar Phase-II has seen several revisions over the years. The oldest recorded figure is from 2012, which was Rs 300 per sq.ft. This was followed by a decrease to Rs 201 per sq.ft in 2017, marking a decline of 33%. In 2023, the guideline value rose to Rs 300 per sq.ft, and then further increased to Rs 330 per sq.ft in 2024, reflecting a 10% rise.

From 2017 to 2023, the guideline value increased significantly by 49%. Overall, comparing the 2012 figure to the current 2024 value, there has been a 10% increase. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kilkondaiyur

In Kilkondaiyur, there are five streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 330 per sq.ft. The median guideline value in this area is Rs 275 per sq.ft, placing Sree Vari Nagar Phase-II above this median.

Stamp duty and registration fee for property in Sree Vari Nagar Phase-II

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty, calculated at 7%, would be Rs 23,100, while the registration fee at 2% would be Rs 6,600. Together, the total fees would be Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sree Vari Nagar Phase-II?

The Sub Registrar Office that covers Sree Vari Nagar Phase-II 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 Kilkondaiyur

The guideline value plays a crucial role during the registration process of property transactions in Kilkondaiyur. It determines 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 buying or selling property, it is essential to be aware of the guideline value, as it can impact the overall cost of the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid legal issues during registration.

Frequently asked questions

What is the current guideline value of Sree Vari Nagar Phase-II?

The current guideline value of Sree Vari Nagar Phase-II is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then back to Rs 300 per sq.ft in 2023, and finally to Rs 330 per sq.ft in 2024.

What is the land classification for Sree Vari Nagar Phase-II?

The land classification for Sree Vari Nagar Phase-II is Residential Class I Type - I.

Where is the Sub Registrar Office located?

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

How is stamp duty calculated for properties in Sree Vari Nagar Phase-II?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 330 per sq.ft has a guideline value of Rs 3,30,000, resulting in a stamp duty of Rs 23,100.