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Guideline value, street

Guideline Value for Sri Athivinayagar Avenue 214, 217, 218, 219, 220, 221, 222, 223, 224, 225, 226, 228, 230, 216

₹550/sq.ft.effective 1 July 2024

Chennai zone Udaiyavarkoil village Poonamallee SRO Residential Class Ii Type - I

The guideline value for Sri Athivinayagar Avenue 214, 217, 218, 219, 220, 221, 222, 223, 224, 225, 226, 228, 230, 216 in Udaiyavarkoil village (Poonamallee 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:

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 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /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)

No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056
044-26494966
[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 Sri Athivinayagar Avenue 214, 217, 218, 219, 220, 221, 222, 223, 224, 225, 226, 228, 230, 216

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Sri Athivinayagar Avenue 214, 217, 218, 219, 220, 221, 222, 223, 224, 225, 226, 228, 230, 216 guideline value

The current guideline value for Sri Athivinayagar Avenue 214, 217, 218, 219, 220, 221, 222, 223, 224, 225, 226, 228, 230, 216 is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Udaiyavarkoil village, under the Poonamallee SRO, classified as Residential Class II Type - I.

How the guideline value of Sri Athivinayagar Avenue 214, 217, 218, 219, 220, 221, 222, 223, 224, 225, 226, 228, 230, 216 has changed

The guideline value for this street has seen several revisions over the years. In 2012, the value was set at Rs 500 per sq.ft, which decreased to Rs 335 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly to Rs 500 per sq.ft, and in the latest revision of 2024, it rose to Rs 550 per sq.ft, marking a 10% increase from the previous year.

Looking at the changes, the guideline value increased by 49% from 2017 to 2023. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value. The revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street.

Guideline values in Udaiyavarkoil

In Udaiyavarkoil, there are 35 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 3,400 per sq.ft. The median value is Rs 550 per sq.ft, which aligns with the guideline value for Sri Athivinayagar Avenue.

Stamp duty and registration fee for property in Sri Athivinayagar Avenue 214, 217, 218, 219, 220, 221, 222, 223, 224, 225, 226, 228, 230, 216

For a 1,000 sq.ft plot at the current rate of Rs 550 per sq.ft, the 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, bringing the total to Rs 49,500. 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 Sri Athivinayagar Avenue 214, 217, 218, 219, 220, 221, 222, 223, 224, 225, 226, 228, 230, 216?

The Sub Registrar Office that covers this street is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar, Poonamallee, Chennai - 600056. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions. It serves as a benchmark for determining the stamp duty and registration fees payable to the government, ensuring that these fees are based on a standardized valuation rather than fluctuating market prices.

Frequently asked questions

What is the current guideline value for Sri Athivinayagar Avenue?

The current guideline value for Sri Athivinayagar Avenue 214, 217, 218, 219, 220, 221, 222, 223, 224, 225, 226, 228, 230, 216 is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, increasing from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then rising to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification for this street?

Sri Athivinayagar Avenue is classified as Residential Class II Type - I, indicating its designation for residential purposes within the area.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Sri Athivinayagar Avenue is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar, Poonamallee, Chennai - 600056.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a plot valued at Rs 5,50,000, the stamp duty would be Rs 38,500 at a rate of 7%.