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Guideline Value

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Guideline Value for SRI DEVI NAGAR PARTHASARATHY ST

₹935/sq.ft.

The guideline value for Sri Devi Nagar Parthasarathy St in Vilingiyambakkam village (Avadi SRO, Chennai zone) is Rs 935 per sq.ft, effective 1 July 2024. It was Rs 850 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vilingiyambakkam

Village

Avadi

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹935 /sq.ft.
From 1-4-2023 ₹850 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹569 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹850 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹350 /sq.ft.
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 Sri Devi Nagar Parthasarathy St

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Sri Devi Nagar Parthasarathy St guideline value

The current guideline value for Sri Devi Nagar Parthasarathy St is Rs 935 per sq.ft, effective from 1 July 2024. This street is located in Vilingiyambakkam village, under the Avadi Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - II.

How the guideline value of Sri Devi Nagar Parthasarathy St has changed

Over the years, the guideline value for Sri Devi Nagar Parthasarathy St has undergone several revisions. The earliest recorded figure is from 2007, when the guideline value was Rs 350 per sq.ft. This value increased significantly to Rs 850 per sq.ft in 2012, marking a rise of 143%. However, it then decreased to Rs 569 per sq.ft in 2017, representing a decline of 33%. The value further increased to Rs 850 per sq.ft in 2023, and then to the current Rs 935 per sq.ft in 2024, a rise of 10% from the previous year. The overall increase from 2007 to 2024 is 167%.

It is important to note that there are no figures available for the years 2002 and 2003 for this street in the register. The values have shown significant fluctuations, particularly between 2017 and 2023, where the increase was 49%.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a guideline value for 2024, ranging from Rs 800 to Rs 4,400 per sq.ft. The median value for these streets is Rs 935 per sq.ft, which is the same as the guideline value for Sri Devi Nagar Parthasarathy St.

Stamp duty and registration fee for property in Sri Devi Nagar Parthasarathy St

For a 1,000 sq.ft plot at the current guideline value of Rs 935 per sq.ft, the total guideline value would be Rs 9,35,000. The stamp duty at 7% would amount to Rs 65,450, and the registration fee at 2% would be Rs 18,700, bringing the total fees to Rs 84,150. Please 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 information.

Which Sub Registrar Office covers Sri Devi Nagar Parthasarathy St?

The Sri Devi Nagar Parthasarathy St falls under 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 Vilingiyambakkam

The guideline value is a crucial factor during the registration of property transactions in Vilingiyambakkam. It serves as a benchmark for determining the minimum price 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 impacts the overall costs involved in the transaction. Buyers should consider the guideline value in conjunction with the sale price to understand their financial obligations better.

Frequently asked questions

What is the current guideline value for Sri Devi Nagar Parthasarathy St?

The current guideline value for Sri Devi Nagar Parthasarathy St is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2007 to Rs 935 per sq.ft in 2024, with significant increases and decreases in between, including a rise of 167% overall from 2007 to 2024.

What is the land classification for Sri Devi Nagar Parthasarathy St?

The land classification for Sri Devi Nagar Parthasarathy St is Residential Class II Type - II.

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

The Sub Registrar Office covering Sri Devi Nagar Parthasarathy St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Vilingiyambakkam?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a property valued at Rs 9,35,000 would incur a stamp duty of Rs 65,450 at 7%.