Guideline Value

Corporate

Guideline Value for SRI PERUMAL NAGAR

₹555/sq.ft.

The guideline value for Sri Perumal Nagar in Vellanoor-1 village (Avadi SRO, Chennai zone) is Rs 555 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vellanoor-1

Village

Avadi

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹555 /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 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 Perumal Nagar

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Sri Perumal Nagar guideline value

The current guideline value of Sri Perumal Nagar, located in Vellanoor-1 village under the Avadi SRO, is Rs 555 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Sri Perumal Nagar has changed

The guideline value for Sri Perumal Nagar has seen several revisions over the years. The earliest recorded figure is from 2017, where it was Rs 335 per sq.ft. In 2023, it increased to Rs 500 per sq.ft, marking a 49% increase. The most recent revision in 2024 raised the guideline value to Rs 555 per sq.ft, reflecting an 11% increase from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from 2017 to 2024, the guideline value has increased by 66%. This significant change highlights the evolving property landscape in the area, with the current value aligning with the median value for the 34 streets in Vellanoor-1 under the Avadi SRO.

Guideline values in Vellanoor-1

In Vellanoor-1, the guideline values for 2024 range from Rs 440 to Rs 1,980 per sq.ft, with the median being Rs 555 per sq.ft. Sri Perumal Nagar's guideline value matches this median. Below are the guideline values for other streets in Vellanoor-1:

Stamp duty and registration fee for property in Sri Perumal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 555 per sq.ft, the total guideline value amounts to Rs 5,55,000. The stamp duty is calculated at 7%, which comes to Rs 38,850, while the registration fee at 2% is Rs 11,100. Therefore, the total cost for stamp duty and registration fee together is Rs 49,950. 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 Sri Perumal Nagar?

Sri Perumal Nagar falls under the jurisdiction of 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 Vellanoor-1

The guideline value is a crucial factor in the registration process when buying or selling property in Vellanoor-1. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of ownership. This ensures transparency and helps in maintaining a standardized approach to property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Perumal Nagar?

The current guideline value of Sri Perumal Nagar is Rs 555 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 335 per sq.ft in 2017 to Rs 555 per sq.ft in 2024, marking an overall increase of 66%.

What are the other streets in Vellanoor-1?

Other streets in Vellanoor-1 include Sri Sivasakthi Nagar, Sri Krishna Nagar, Sri Ganapathy Nagar Annexe, Thanigai Nagar, Shreyas Mini Town, and Thiruvallur Nagar, with varying guideline values.

How is stamp duty calculated for properties in Sri Perumal Nagar?

Stamp duty for properties in Sri Perumal Nagar is calculated at 7% of the guideline value, while the registration fee is charged at 2% of the guideline value.

Where can I find the Sub Registrar Office for Sri Perumal Nagar?

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