Guideline Value

Corporate

Guideline Value for SRI SUDHARSANAM NAGAR PHASE - II

₹1925/sq.ft.

The guideline value for Sri Sudharsanam Nagar Phase - Ii in Paruthipattu village (Avadi SRO, Chennai zone) is Rs 1925 per sq.ft, effective 1 July 2024. It was Rs 1750 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paruthipattu

Village

Avadi

SRO

Mixed Type - II
History
Period Guideline Value
From 1-7-2024 ₹1925 /sq.ft.
From 1-4-2023 ₹1750 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1750 /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 Sudharsanam Nagar Phase - Ii

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Sri Sudharsanam Nagar Phase - II guideline value

The current guideline value of Sri Sudharsanam Nagar Phase - II is Rs 1,925 per sq.ft, effective from 1 July 2024. This locality is situated in Paruthipattu village and falls under the Avadi SRO. The land classification for this area is Mixed Type - II.

How the guideline value of Sri Sudharsanam Nagar Phase - II has changed

The guideline value for Sri Sudharsanam Nagar Phase - II has undergone several revisions over the years. The 2017 revision recorded a guideline value of Rs 1,750 per sq.ft, which remained unchanged in the 2023 revision. However, in the 2024 revision, the value increased to Rs 1,925 per sq.ft, reflecting a 10% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a total increase of 10% in the guideline value. The register has no figures for this street in the years 2002, 2003, 2007, and 2012.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft, with a median value of Rs 1,625 per sq.ft. The guideline value of Sri Sudharsanam Nagar Phase - II is above this median.

Stamp duty and registration fee for property in Sri Sudharsanam Nagar Phase - II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,925 per sq.ft, the total guideline value amounts to Rs 19,25,000. The stamp duty at 7% would be Rs 1,34,750, and the registration fee at 2% would be Rs 38,500, making the total fees together Rs 1,73,250. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Sudharsanam Nagar Phase - II?

The Sub Registrar Office that covers Sri Sudharsanam Nagar Phase - II 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Paruthipattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official registry.

When a property is sold, the buyer is required to pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Sudharsanam Nagar Phase - II?

The current guideline value of Sri Sudharsanam Nagar Phase - II is Rs 1,925 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,750 per sq.ft in 2017 to Rs 1,925 per sq.ft in 2024, reflecting a 10% increase. There was no change in the value from 2017 to 2023.

What is the land classification for Sri Sudharsanam Nagar Phase - II?

The land classification for Sri Sudharsanam Nagar Phase - II is Mixed Type - II.

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

For a property valued at Rs 19,25,000, the stamp duty would be Rs 1,34,750 and the registration fee would be Rs 38,500, totaling Rs 1,73,250.

Which office handles registrations for Sri Sudharsanam Nagar Phase - II?

The Avadi Sub Registrar Office handles registrations for Sri Sudharsanam Nagar Phase - II, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.