Guideline Value for STATION ROAD

Station Road guideline value

The current guideline value of Station Road in Paruthipattu village is Rs 1,625 per sq.ft, effective from 1 July 2024. This street falls under the Avadi Sub Registrar Office (SRO) and is classified as Residential Special Type - I.

How the guideline value of Station Road has changed

The guideline value for Station Road has seen several revisions over the years. In 2007, the value was Rs 500 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in 2012. However, this was followed by a decrease to Rs 804 per sq.ft in 2017. The subsequent revision in 2023 raised the value to Rs 1,500 per sq.ft, and the latest revision in 2024 set the value at Rs 1,625 per sq.ft, marking an 8% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 225%. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

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 value is Rs 1,625 per sq.ft, which is equal to the current guideline value of Station Road.

• S.R.M. Garden: Rs 950 per sq.ft (2024)
• Sri Vignesh Nagar: Rs 950 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 950 per sq.ft (2024)
• Sri Sudharsanam Nagar Phase - II: Rs 1,925 per sq.ft (2024)
• Sri Sudarsanam Nagar Phase III: Rs 2,210 per sq.ft (2024)
• Sri Sudarsanam Nagar: Rs 1,925 per sq.ft (2024)

Stamp duty and registration fee for property in Station Road

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, and the registration fee at 2% would be Rs 32,500, bringing the total cost to Rs 1,46,250. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Station Road?

The Sub Registrar Office that covers Station Road is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor during property registration in Paruthipattu. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When buying or selling property, it is crucial to be aware of the guideline value, as it affects the overall cost of the transaction. The higher the guideline value, the more significant the stamp duty and registration fees will be, impacting the total expenses involved in the property transfer.

Frequently asked questions

What is the current guideline value of Station Road?

The current guideline value of Station Road 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 500 per sq.ft in 2007 to Rs 1,625 per sq.ft in 2024, marking an overall increase of 225% over this period.

What is the land classification for Station Road?

Station Road is classified as Residential Special Type - I under the Avadi SRO.

Where can I find the Sub Registrar Office for Station Road?

The Sub Registrar Office for Station Road 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 properties on Station Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 16,25,000 would incur a stamp duty of Rs 1,13,750 at a rate of 7%.