Guideline Value

Corporate

Guideline Value for SRIRAM ANEX

₹1625/sq.ft.

The guideline value for Sriram Anex 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]

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Sriram Anex guideline value

The current guideline value of Sriram Anex in Paruthipattu village is Rs 1,625 per sq.ft, effective from 1 July 2024. This property falls under the Avadi SRO and is classified as Residential Special Type - I.

How the guideline value of Sriram Anex has changed

The guideline value for Sriram Anex has undergone several revisions since 2012. In 2012, the guideline value was Rs 1,200 per sq.ft, which decreased to Rs 804 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 87%, bringing the value up to Rs 1,500 per sq.ft. The latest revision in 2024 saw a further increase of 8%, setting the current value at Rs 1,625 per sq.ft.

It is important to note that the register has no 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 guideline value of Sriram Anex.

Stamp duty and registration fee for property in Sriram Anex

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 is charged at 7%, amounting to Rs 1,13,750, and the registration fee is 2%, which equals Rs 32,500. Therefore, the total cost for stamp duty and registration fees would be Rs 1,46,250. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sriram Anex?

The Sriram Anex property is covered by 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 a crucial factor in property transactions in Paruthipattu. It serves as a benchmark for determining the minimum price at which a property can be registered. When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees, ensuring compliance with local regulations.

During the registration process, the guideline value is compared with the sale price. The higher amount is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. This ensures that both buyers and sellers are aware of the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Sriram Anex?

The current guideline value of Sriram Anex 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 significantly, 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 is the registration office for Sriram Anex?

The registration office for Sriram Anex 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 do stamp duty and registration fees work?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 16,25,000 would incur a stamp duty of Rs 1,13,750 and a registration fee of Rs 32,500.

Are there other streets with similar guideline values in Paruthipattu?

Yes, there are other streets in Paruthipattu with similar guideline values. For instance, Sri Ram Nagar and several others also have a guideline value of Rs 1,625 per sq.ft in 2024.