Guideline Value

Corporate

Guideline Value for SRI RAM NAGAR EXTN

₹3225/sq.ft.

The guideline value for Sri Ram Nagar Extn in Paruthipattu village (Avadi SRO, Chennai zone) is Rs 3225 per sq.ft, effective 1 July 2024. It was Rs 2986 per sq.ft from 1 April 2023, a 8% change. The land classification is Mixed Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paruthipattu

Village

Avadi

SRO

Mixed Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹3225 /sq.ft.
From 1-4-2023 ₹2986 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2000 /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 Ram Nagar Extn

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Sri Ram Nagar Extn guideline value

The current guideline value of Sri Ram Nagar Extn is Rs 3,225 per sq.ft, effective from 1 July 2024. This area is located in Paruthipattu village and falls under the Avadi SRO. The land classification for this region is Mixed Special Type - II.

How the guideline value of Sri Ram Nagar Extn has changed

The guideline value for Sri Ram Nagar Extn has undergone several revisions over the years. In 2017, the value was set at Rs 2,000 per sq.ft. This figure increased significantly to Rs 2,986 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 has further increased the guideline value to Rs 3,225 per sq.ft, an 8% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 61%.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that have a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft. The median value for these streets is Rs 1,625 per sq.ft, placing the guideline value of Sri Ram Nagar Extn above this median.

Stamp duty and registration fee for property in Sri Ram Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 3,225 per sq.ft, the total guideline value would be Rs 32,25,000. The stamp duty at 7% would amount to Rs 2,25,750, and the registration fee at 2% would be Rs 64,500, bringing the total cost for these fees to Rs 2,90,250. It is essential 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 detailed calculations based on your specific property.

Which Sub Registrar Office covers Sri Ram Nagar Extn?

The Sub Registrar Office that covers Sri Ram Nagar Extn 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 Paruthipattu

The guideline value is a crucial factor in the registration process when buying or selling property in Paruthipattu. It serves as a benchmark for determining the minimum value of the property, ensuring that the transaction is recorded at a fair value.

When a property is registered, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller comply with the legal requirements during the transaction.

Frequently asked questions

What is the current guideline value of Sri Ram Nagar Extn?

The current guideline value of Sri Ram Nagar Extn is Rs 3,225 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 2,000 per sq.ft to Rs 3,225 per sq.ft in 2024, reflecting a total increase of 61% over this period.

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

For a property valued at Rs 32,25,000, the stamp duty would be Rs 2,25,750, and the registration fee would be Rs 64,500, totaling Rs 2,90,250.

Which office handles property registrations in Sri Ram Nagar Extn?

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

What is the land classification for Sri Ram Nagar Extn?

The land classification for Sri Ram Nagar Extn is Mixed Special Type - II, which is relevant for understanding the zoning and usage regulations in the area.