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Guideline Value

Corporate

Guideline Value for SRINIVASA NAGAR SOUTH MAIN ROAD 4TH CROSS ST

₹1625/sq.ft.

The guideline value for Srinivasa Nagar South Main Road 4th Cross St 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 South Main Road 4th Cross St

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Srinivasa Nagar South Main Road 4th Cross St guideline value

The current guideline value of Srinivasa Nagar South Main Road 4th Cross St is Rs 1,625 per sq.ft, effective from 1 July 2024. This street 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 South Main Road 4th Cross St has changed

The guideline value for Srinivasa Nagar South Main Road 4th Cross St has undergone several revisions over the years. In 2012, the guideline value was set at Rs 1,200 per sq.ft. This increased to Rs 804 per sq.ft in 2017, which was a decrease of 33%. However, from 2017 to 2023, there was a significant increase of 87%, bringing the value up to Rs 1,500 per sq.ft. The most recent revision in 2024 has further raised the guideline value to Rs 1,625 per sq.ft, marking an 8% increase from the previous year.

There are no recorded figures for the years 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 current value of Srinivasa Nagar South Main Road 4th Cross St.

Stamp duty and registration fee for property in Srinivasa Nagar South Main Road 4th Cross St

For a 1,000 sq.ft plot at the current guideline value of Rs 1,625 per sq.ft, the total guideline value would be Rs 16,25,000. The stamp duty at 7% would amount to Rs 1,13,750, while the registration fee at 2% would be Rs 32,500, making the total cost for these fees Rs 1,46,250. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Srinivasa Nagar South Main Road 4th Cross St?

The Sub Registrar Office that covers Srinivasa Nagar South Main Road 4th Cross St is the Avadi Sub Registrar Office. The address is 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 Paruthipattu

The guideline value plays a crucial role in the registration process when buying or selling property in Paruthipattu. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is legally recognized.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used for calculating the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Srinivasa Nagar South Main Road 4th Cross St?

The current guideline value of Srinivasa Nagar South Main Road 4th Cross St 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 1,625 per sq.ft in 2024, reflecting an overall increase of 35% over this period.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,46,250.

Which office handles property registrations for this street?

The Avadi Sub Registrar Office handles property registrations for Srinivasa Nagar South Main Road 4th Cross St, located at Plot No.145, Vii Street, Modern City, Thandurai Village.

What is the land classification for this area?

The land classification for Srinivasa Nagar South Main Road 4th Cross St is Residential Special Type - I, indicating its suitability for residential development.