Guideline Value

Corporate

Guideline Value for SRI SARAVANA NAGAR

₹750/sq.ft.

The guideline value for Sri Saravana Nagar in Thiruninravur-a village (Avadi SRO, Chennai zone) is Rs 750 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruninravur-a

Village

Avadi

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹750 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /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 Saravana Nagar

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Sri Saravana Nagar guideline value

The current guideline value of Sri Saravana Nagar is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-A village under the Avadi SRO, classified as Residential Class II Type - III.

How the guideline value of Sri Saravana Nagar has changed

The guideline value for Sri Saravana Nagar has seen several revisions over the years. The earliest recorded value is from the 2017 revision at Rs 469 per sq.ft, which then increased to Rs 700 per sq.ft in the 2023 revision. The most recent revision in 2024 set the value at Rs 750 per sq.ft, marking a 7% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 60%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The significant changes between the revisions include a 49% increase from 2017 to 2023 and a steady rise leading to the current value.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft. The median value is Rs 750 per sq.ft, which is equal to the current value of Sri Saravana Nagar.

Stamp duty and registration fee for property in Sri Saravana Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total fees to Rs 67,500. Please note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Saravana Nagar?

Sri Saravana Nagar is covered by 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 Thiruninravur-A

The guideline value plays a crucial role during the registration process of property transactions in Thiruninravur-A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is considered alongside the sale price. If the sale price is higher than the guideline value, the stamp duty is calculated based on the sale price to ensure compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Sri Saravana Nagar?

The current guideline value of Sri Saravana Nagar is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 750 per sq.ft in 2024, representing a total increase of 60% over this period.

What is the stamp duty rate for property transactions in Sri Saravana Nagar?

The stamp duty rate for property transactions in Sri Saravana Nagar is 7% of the guideline value or the sale price, whichever is higher.

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

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

What is the median guideline value for streets in Thiruninravur-A?

The median guideline value for streets in Thiruninravur-A is Rs 750 per sq.ft, which is the same as the current guideline value for Sri Saravana Nagar.