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Guideline Value

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Guideline Value for TAMIL KUMARAN NAGAR PART 1

₹950/sq.ft.

The guideline value for Tamil Kumaran Nagar Part 1 in Thiruninravur-a village (Avadi SRO, Chennai zone) is Rs 950 per sq.ft, effective 1 July 2024. It was Rs 871 per sq.ft from 1 April 2023, a 9% change. The land classification is Commercial Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruninravur-a

Village

Avadi

SRO

Commercial Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹950 /sq.ft.
From 1-4-2023 ₹871 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹871 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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 Tamil Kumaran Nagar Part 1

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Tamil Kumaran Nagar Part 1 guideline value

The current guideline value for Tamil Kumaran Nagar Part 1 is Rs 950 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-A village under the Avadi SRO and is classified as Commercial Class I Type - III.

How the guideline value of Tamil Kumaran Nagar Part 1 has changed

The guideline value for Tamil Kumaran Nagar Part 1 has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 950 per sq.ft, which reflects a 9% increase from the 2023 revision of Rs 871 per sq.ft. The 2023 figure was the same as the 2017 revision, which also recorded Rs 871 per sq.ft. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Overall, from 2017 to 2024, the guideline value has increased by 9%. This steady increase highlights the changes in property values within the area over the specified period.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft. The median guideline value is Rs 750 per sq.ft, positioning Tamil Kumaran Nagar Part 1 above this median.

Stamp duty and registration fee for property in Tamil Kumaran Nagar Part 1

For a 1,000 sq.ft plot at the current rate of Rs 950 per sq.ft, the guideline value amounts to Rs 9,50,000. The stamp duty at 7% would be Rs 66,500, and the registration fee at 2% would be Rs 19,000, making the total Rs 85,500. It is important to note that the 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 precise calculations based on your property details.

Which Sub Registrar Office covers Tamil Kumaran Nagar Part 1?

The Sub Registrar Office that covers Tamil Kumaran Nagar Part 1 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 Thiruninravur-A

The guideline value plays a crucial role in the registration process of property transactions in Thiruninravur-A. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Tamil Kumaran Nagar Part 1?

The current guideline value of Tamil Kumaran Nagar Part 1 is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen a 9% increase from Rs 871 per sq.ft in 2023 to Rs 950 per sq.ft in 2024. From 2017 to 2024, the overall increase is also 9%.

What is the classification of land in Tamil Kumaran Nagar Part 1?

Tamil Kumaran Nagar Part 1 is classified as Commercial Class I Type - III, indicating its suitability for commercial activities.

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

For a property valued at Rs 9,50,000, the stamp duty would be Rs 66,500, and the registration fee would be Rs 19,000, totaling Rs 85,500. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Tamil Kumaran Nagar Part 1?

The Sub Registrar Office for Tamil Kumaran Nagar Part 1 is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.