Guideline Value

Corporate

Guideline Value for Sri Sapthagiri Nagar

₹808/sq.ft.

The guideline value for Sri Sapthagiri Nagar in Mitnamalle village (Avadi SRO, Chennai zone) is Rs 808 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 35% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mitnamalle

Village

Avadi

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹808 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /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 Sri Sapthagiri Nagar

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Sri Sapthagiri Nagar guideline value

The current guideline value of Sri Sapthagiri Nagar in Mitnamalle village, under the Avadi SRO, is Rs 808 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Sri Sapthagiri Nagar has changed

Over the years, the guideline value for Sri Sapthagiri Nagar has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which was then reduced to Rs 402 per sq.ft in 2017. Following this, the value increased significantly to Rs 600 per sq.ft in 2023, and currently stands at Rs 808 per sq.ft from the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2024, the overall change in guideline value is +35%. Specifically, the increase from 2023 to 2024 is +35%, and from 2017 to 2023, there was an increase of +49%. The transition from 2012 to 2017 saw a decrease of -33% in the guideline value.

Guideline values in Mitnamalle

In Mitnamalle, there are 53 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,550 per sq.ft. The median value for these streets is Rs 802 per sq.ft, placing Sri Sapthagiri Nagar's 2024 figure above the median.

Stamp duty and registration fee for property in Sri Sapthagiri Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 808 per sq.ft, the total guideline value amounts to Rs 8,08,000. The stamp duty at 7% would be Rs 56,560, and the registration fee at 2% would be Rs 16,160, bringing the total fees to Rs 72,720. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sri Sapthagiri Nagar?

Sri Sapthagiri Nagar falls under the jurisdiction of 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, please visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Mitnamalle. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately for taxation purposes.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Sri Sapthagiri Nagar?

The current guideline value of Sri Sapthagiri Nagar is Rs 808 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 600 per sq.ft to Rs 808 per sq.ft in 2024, reflecting an overall increase of +35% over this period.

What is the registration office for Sri Sapthagiri Nagar?

The registration office for Sri Sapthagiri 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.

What are the stamp duty and registration fees for a property in Sri Sapthagiri Nagar?

For a property valued at Rs 8,08,000, the stamp duty would be Rs 56,560 and the registration fee would be Rs 16,160, totaling Rs 72,720.

What is the significance of guideline value in property transactions?

The guideline value is essential for determining the minimum registration value of a property, impacting the calculation of stamp duty and registration fees during property transactions.