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Guideline Value

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Guideline Value for SRI SATYANARAYANA NAGAR

₹770/sq.ft.

The guideline value for Sri Satyanarayana Nagar in Thiruninravur-a village (Avadi SRO, Chennai zone) is Rs 770 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruninravur-a

Village

Avadi

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹770 /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 Satyanarayana Nagar

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Sri Satyanarayana Nagar guideline value

The current guideline value of Sri Satyanarayana Nagar is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-A village under the Avadi SRO, classified as Residential Class I Type - II.

How the guideline value of Sri Satyanarayana Nagar has changed

The guideline value for Sri Satyanarayana Nagar has undergone several revisions over the years. The earliest available figure is from the 2017 revision, which was Rs 469 per sq.ft. This increased to Rs 700 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 saw a further increase to Rs 770 per sq.ft, reflecting a 10% change from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

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, with a median value of Rs 750 per sq.ft. The guideline value for Sri Satyanarayana Nagar is above this median.

Stamp duty and registration fee for property in Sri Satyanarayana Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, making the total fees Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Satyanarayana Nagar?

The Sri Satyanarayana Nagar area falls under 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 is a critical factor in the registration process for property transactions in Thiruninravur-A. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the expected costs associated with the transaction. It is essential for buyers to be aware of the guideline value to ensure they are making informed decisions during the purchase process.

Frequently asked questions

What is the current guideline value of Sri Satyanarayana Nagar?

The current guideline value of Sri Satyanarayana Nagar is Rs 770 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 469 per sq.ft to Rs 770 per sq.ft in 2024, representing a total increase of 64% over the years.

What is the registration fee for a property in Sri Satyanarayana Nagar?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 7,70,000, the registration fee would be Rs 15,400.

Which Sub Registrar Office covers this area?

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

How is the stamp duty calculated for properties in Thiruninravur-A?

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate fees during property transactions.