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Guideline Value

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Guideline Value for SRINIVASA NAGAR EAST POONGA JUNCTION

₹1625/sq.ft.

The guideline value for Srinivasa Nagar East Poonga Junction in Paruthipattu village (Avadi SRO, Chennai zone) is Rs 1625 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paruthipattu

Village

Avadi

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1625 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /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 Srinivasa Nagar East Poonga Junction

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Srinivasa Nagar East Poonga Junction guideline value

The current guideline value of Srinivasa Nagar East Poonga Junction is Rs 1,625 per sq.ft, effective from 1 July 2024. This property is located in Paruthipattu village and falls under the Avadi SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Srinivasa Nagar East Poonga Junction has changed

Over the years, the guideline value for Srinivasa Nagar East Poonga Junction has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which decreased to Rs 804 per sq.ft in the 2017 revision. This was a decline of 33%. However, the value significantly increased to Rs 1,500 per sq.ft in the 2023 revision, marking an increase of 87%. The most recent revision in 2024 raised the guideline value to Rs 1,625 per sq.ft, reflecting an 8% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 35%.

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. The median guideline value for these streets is Rs 1,625 per sq.ft, which is equal to the 2024 figure for Srinivasa Nagar East Poonga Junction.

Stamp duty and registration fee for property in Srinivasa Nagar East Poonga Junction

For a 1,000 sq.ft plot at the current guideline value of Rs 1,625 per sq.ft, the total guideline value amounts to Rs 16,25,000. The stamp duty at 7% would be Rs 1,13,750, and the registration fee at 2% would be Rs 32,500, bringing the total charges to Rs 1,46,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your own charges using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Srinivasa Nagar East Poonga Junction?

The Sub Registrar Office that covers Srinivasa Nagar East Poonga Junction 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 information.

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

The guideline value is an essential factor when buying or selling property in Paruthipattu, as it determines the minimum value at which a property can be registered. This value is used by the registration authorities to calculate the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately.

When a property is sold, the sale price must be compared with the guideline value. The higher of the two will be used to calculate the stamp duty and registration fees, ensuring compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Srinivasa Nagar East Poonga Junction?

The current guideline value of Srinivasa Nagar East Poonga Junction is Rs 1,625 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,625 per sq.ft in 2024.

What is the land classification for Srinivasa Nagar East Poonga Junction?

The land classification for Srinivasa Nagar East Poonga Junction is Residential Special Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Srinivasa Nagar East Poonga Junction is 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 property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate for stamp duty is 7%, and the registration fee is 2% of the guideline value or sale price.