Guideline Value for TAMIL NADU HOUSING BOARD (A,B,LIG-I,LIG-II)

Tamil Nadu Housing Board (A,B,Lig-I,Lig-II) guideline value

The current guideline value for Tamil Nadu Housing Board (A,B,Lig-I,Lig-II) in Paruthipattu village, under the Avadi SRO, is Rs 1,980 per sq.ft, effective from 1 July 2024. This property falls under the Commercial Class I Type - III land classification.

How the guideline value of Tamil Nadu Housing Board (A,B,Lig-I,Lig-II) has changed

Over the years, the guideline value for Tamil Nadu Housing Board (A,B,Lig-I,Lig-II) has seen several revisions. The 2012 revision set the value at Rs 3,000 per sq.ft, which was followed by a significant decrease to Rs 1,206 per sq.ft in 2017. The subsequent revision in 2023 raised the figure to Rs 1,800 per sq.ft, and the most recent revision in 2024 further increased it to Rs 1,980 per sq.ft.

From 2012 to 2017, there was a decrease of 60%. However, from 2017 to 2023, the value increased by 49%. The jump from 2023 to 2024 reflects a 10% increase. Overall, when comparing the 2012 revision to the 2024 revision, there has been a decline of 34%. The revisions for the years 2002, 2003, and 2007 have no figures recorded for this street.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO, with guideline values ranging from Rs 801 to Rs 4,730 per sq.ft. The median value for these streets is Rs 1,625 per sq.ft, indicating that the current guideline value of Rs 1,980 per sq.ft for this street is above the median.

• Tamil Nadu Housing Board (Commercial): Rs 3,275 per sq.ft (2024)
• Tamil Nadu Housing Board (Mig,Hig): Rs 2,640 per sq.ft (2024)
• Thai Moogambigai Nagar: Rs 1,625 per sq.ft (2024)
• Sunmathi Avenue: Rs 1,625 per sq.ft (2024)
• Sugali Garden: Rs 1,375 per sq.ft (2024)
• Thennanthoppu Street: Rs 2,050 per sq.ft (2024)

Stamp duty and registration fee for property in Tamil Nadu Housing Board (A,B,Lig-I,Lig-II)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, while the registration fee at 2% would be Rs 39,600, bringing the total cost for these fees to Rs 1,78,200. 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 details.

Which Sub Registrar Office covers Tamil Nadu Housing Board (A,B,Lig-I,Lig-II)?

The Tamil Nadu Housing Board (A,B,Lig-I,Lig-II) falls under the jurisdiction of the Avadi Sub Registrar Office. The address for the office is 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 critical factor when buying or selling property in Paruthipattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is registered, the guideline value is used to calculate the applicable fees. It is essential to understand that the fees are based on the higher of the guideline value or the actual sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Tamil Nadu Housing Board (A,B,Lig-I,Lig-II)?

The current guideline value for Tamil Nadu Housing Board (A,B,Lig-I,Lig-II) in Paruthipattu village is Rs 1,980 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 3,000 per sq.ft in 2012 to Rs 1,980 per sq.ft in 2024, with various revisions occurring in between. The most recent revision in 2024 reflects a 10% increase from the previous year.

What are the guideline values for other streets in Paruthipattu?

Other streets in Paruthipattu have varying guideline values, with rates ranging from Rs 801 to Rs 4,730 per sq.ft. The median value for these streets is Rs 1,625 per sq.ft.

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

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is set at 2%. For a property valued at Rs 19,80,000, the total fees would amount to Rs 1,78,200.

Where can I find the Sub Registrar Office for Tamil Nadu Housing Board (A,B,Lig-I,Lig-II)?

The Avadi Sub Registrar Office covers Tamil Nadu Housing Board (A,B,Lig-I,Lig-II). It is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.