Guideline Value

Corporate

Guideline Value for SRI RAM AVENUE

₹802/sq.ft.

The guideline value for Sri Ram Avenue in Mitnamalle village (Avadi SRO, Chennai zone) is Rs 802 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 34% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mitnamalle

Village

Avadi

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹802 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹150 /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]

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Sri Ram Avenue guideline value

The current guideline value of Sri Ram Avenue in Mitnamalle village, under the Avadi SRO, is Rs 802 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Sri Ram Avenue has changed

The guideline value for Sri Ram Avenue has seen several revisions over the years. In 2007, the value was Rs 150 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2012. However, it then decreased to Rs 402 per sq.ft in 2017. Following this, the value rose to Rs 600 per sq.ft in 2023, and most recently, it has been revised to Rs 802 per sq.ft in 2024.

In terms of percentage changes, the value increased by 300% from 2007 to 2012, decreased by 33% from 2012 to 2017, then increased by 49% from 2017 to 2023, and finally surged by 34% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 435%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Mitnamalle

In Mitnamalle, there are 53 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,550 per sq.ft. The median value is Rs 802 per sq.ft, which is equal to the guideline value of Sri Ram Avenue.

Stamp duty and registration fee for property in Sri Ram Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 802 per sq.ft, the total guideline value amounts to Rs 8,02,000. The stamp duty at 7% would be Rs 56,140, and the registration fee at 2% would be Rs 16,040, making the total cost for these fees Rs 72,180. 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 Ram Avenue?

The Sub Registrar Office that covers Sri Ram Avenue 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 information.

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

The guideline value is a crucial factor when registering property transactions in Mitnamalle. It determines the minimum value at which property must be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value influences the calculation of stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher, impacting the overall expenses involved in property transactions.

Frequently asked questions

What is the current guideline value of Sri Ram Avenue?

The current guideline value of Sri Ram Avenue is Rs 802 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 802 per sq.ft in 2024, reflecting an overall increase of 435% over the years.

What is the land classification for Sri Ram Avenue?

Sri Ram Avenue is classified as Residential Class II Type - I, which indicates its suitability for residential purposes.

How are stamp duty and registration fees calculated for properties in Sri Ram Avenue?

Stamp duty is calculated at 7% of the guideline value, and the registration fee is charged at 2%. These fees are based on the higher of the guideline value or the sale price.

Which office handles property registrations for Sri Ram Avenue?

The Avadi Sub Registrar Office is responsible for property registrations in Sri Ram Avenue, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.