Guideline Value

Corporate

Guideline Value for SRI NAGAR THIRUVIKA RAMAN ST

₹440/sq.ft.

The guideline value for Sri Nagar Thiruvika Raman St in Thiruninravur-b village (Avadi SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruninravur-b

Village

Avadi

SRO

Residential Class III Type - III
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /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 Sri Nagar Thiruvika Raman St

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Sri Nagar Thiruvika Raman St guideline value

The current guideline value of Sri Nagar Thiruvika Raman St is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-B village under the Avadi SRO, classified as Residential Class III Type - III.

How the guideline value of Sri Nagar Thiruvika Raman St has changed

The guideline value for Sri Nagar Thiruvika Raman St has undergone several revisions over the years. The earliest revision available is from 2017, where the value was Rs 268 per sq.ft. This increased to Rs 400 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 440 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%, showcasing a steady upward trend in the valuation.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 330 to Rs 1,760 per sq.ft. The median value for these streets is Rs 770 per sq.ft, placing Sri Nagar Thiruvika Raman St's 2024 figure below that median.

Stamp duty and registration fee for property in Sri Nagar Thiruvika Raman St

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, resulting in a total cost of Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sri Nagar Thiruvika Raman St?

The Sub Registrar Office that covers Sri Nagar Thiruvika Raman 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.

You can find your SRO for more details.

How the guideline value is used when you buy or sell in Thiruninravur-B

The guideline value is a crucial element in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property in Thiruninravur-B, it is essential to consider this value for calculating the applicable stamp duty and registration fees.

Additionally, the guideline value helps in ensuring transparency and fairness in property transactions, as it provides a standardized valuation for properties within the area.

Frequently asked questions

What is the current guideline value of Sri Nagar Thiruvika Raman St?

The current guideline value of Sri Nagar Thiruvika Raman St is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, and then to Rs 440 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, and 2012.

What is the land classification of Sri Nagar Thiruvika Raman St?

Sri Nagar Thiruvika Raman St is classified as Residential Class III Type - III, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property in this area?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 4,40,000, the total stamp duty and registration fees would amount to Rs 39,600.

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

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