Guideline Value

Corporate

Guideline Value for SRI SWAMY VIVEKANDA NAGAR

₹550/sq.ft.

The guideline value for Sri Swamy Vivekanda Nagar in Moorai-1 village (Avadi SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Moorai-1

Village

Avadi

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
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 Swamy Vivekanda Nagar

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Sri Swamy Vivekanda Nagar guideline value

The current guideline value of Sri Swamy Vivekanda Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Moorai-1 village under the Avadi SRO and is classified as Residential Class II Type - I.

How the guideline value of Sri Swamy Vivekanda Nagar has changed

The guideline value for Sri Swamy Vivekanda Nagar has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 550 per sq.ft, which is an increase of 10% from the 2023 figure of Rs 500 per sq.ft. The register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

In summary, the guideline values recorded for Sri Swamy Vivekanda Nagar are Rs 500 per sq.ft in 2023 and Rs 550 per sq.ft in 2024. The increase reflects the adjustments made in the latest revision.

Guideline values in Moorai-1

In Moorai-1, there are 13 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 550 per sq.ft. The median value for these streets is Rs 550 per sq.ft, which is equal to the 2024 figure for Sri Swamy Vivekanda Nagar.

Stamp duty and registration fee for property in Sri Swamy Vivekanda Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, making the total cost for these fees Rs 49,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Swamy Vivekanda Nagar?

The Sub Registrar Office that covers Sri Swamy Vivekanda 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 Moorai-1

The guideline value is crucial when buying or selling property in Moorai-1, as it determines the amount of stamp duty and registration fees payable during the transaction. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used to calculate the applicable fees.

It is essential to consult the guideline value before making a purchase, as this value is updated periodically and can impact the overall cost of the property transaction. Understanding the guideline value helps ensure compliance with local regulations and avoids unexpected costs during the registration process.

Frequently asked questions

What is the current guideline value for Sri Swamy Vivekanda Nagar?

The current guideline value for Sri Swamy Vivekanda Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2023 to 2024?

The guideline value increased from Rs 500 per sq.ft in 2023 to Rs 550 per sq.ft in 2024, reflecting a 10% increase.

What land classification does Sri Swamy Vivekanda Nagar fall under?

Sri Swamy Vivekanda Nagar is classified as Residential Class II Type - I.

Where is the Sub Registrar Office located for this area?

The Sub Registrar Office covering Sri Swamy Vivekanda 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.

How is the stamp duty calculated for properties in Sri Swamy Vivekanda Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot valued at Rs 5,50,000, the stamp duty would be Rs 38,500 at 7%.