Guideline Value

Corporate

Guideline Value for SRI SUDHARSAN NAGAR

₹165/sq.ft.

The guideline value for Sri Sudharsan Nagar in Pandeswaram village (Avadi SRO, Chennai zone) is Rs 165 per sq.ft, effective 1 July 2024. It was Rs 150 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pandeswaram

Village

Avadi

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹165 /sq.ft.
From 1-4-2023 ₹150 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹100 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹150 /sq.ft.
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 Sudharsan Nagar

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Sri Sudharsan Nagar guideline value

The current guideline value of Sri Sudharsan Nagar is Rs 165 per sq.ft, effective from 1 July 2024. This area is located in Pandeswaram village and falls under the Avadi SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Sri Sudharsan Nagar has changed

The guideline value for Sri Sudharsan Nagar has undergone several revisions over the years. In 2012, the guideline value was Rs 150 per sq.ft, which then decreased to Rs 100 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, there was a significant increase of 50%, bringing the value up to Rs 150 per sq.ft. The latest revision in 2024 saw a further increase of 10%, resulting in the current value of Rs 165 per sq.ft.

The register has no figures for the years 2002, 2003, and 2007. Therefore, the only revisions available for Sri Sudharsan Nagar are from 2012, 2017, 2023, and the current 2024 figure.

Guideline values in Pandeswaram

In Pandeswaram, there are seven streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 165 to Rs 1,150 per sq.ft. The median guideline value for these streets is Rs 165 per sq.ft, which is equal to the current value of Sri Sudharsan Nagar.

Stamp duty and registration fee for property in Sri Sudharsan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 165 per sq.ft, the total guideline value amounts to Rs 1,65,000. The stamp duty at 7% would be Rs 11,550, and the registration fee at 2% would be Rs 3,300, bringing the total cost for these fees to Rs 14,850. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Sudharsan Nagar?

The Sub Registrar Office that covers Sri Sudharsan 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. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in property transactions in Pandeswaram. It is used to determine the minimum value at which a property 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 is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees, which are essential for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Sri Sudharsan Nagar?

The current guideline value of Sri Sudharsan Nagar is Rs 165 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 2012 to Rs 100 per sq.ft in 2017, then to Rs 150 per sq.ft in 2023, and finally to Rs 165 per sq.ft in 2024.

What is the stamp duty for property in Sri Sudharsan Nagar?

The stamp duty for property in Sri Sudharsan Nagar is 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would be Rs 11,550.

Which office handles property registrations in Sri Sudharsan Nagar?

The Avadi Sub Registrar Office handles property registrations for Sri Sudharsan Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District.

What other streets have guideline values in Pandeswaram?

Other streets in Pandeswaram with guideline values include Srinivasa Nagar, Sri Mahalakshmi Nagar, Sri Bhavani Amman Nagar, Sri Balaji Nagar, Gurumahan Nagar, and Birla Nagar, with values ranging from Rs 165 to Rs 1,150 per sq.ft.