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Guideline Value

Corporate

Guideline Value for TAMIL NADU HOUSING BOARD (COMMERCIAL)

₹3275/sq.ft.

The guideline value for Tamil Nadu Housing Board (commercial) in Paruthipattu village (Avadi SRO, Chennai zone) is Rs 3275 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 9% change. The land classification is Commercial Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paruthipattu

Village

Avadi

SRO

Commercial Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹3275 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /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 Tamil Nadu Housing Board (commercial)

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Tamil Nadu Housing Board (Commercial) guideline value

The current guideline value for Tamil Nadu Housing Board (Commercial) in Paruthipattu village, under the Avadi SRO, is Rs 3,275 per sq.ft, effective from 1 July 2024. This classification falls under Commercial Special Type - I.

How the guideline value of Tamil Nadu Housing Board (Commercial) has changed

The guideline value has undergone several revisions since 2012. The 2012 revision set the value at Rs 3,000 per sq.ft, which decreased to Rs 2,010 per sq.ft in the 2017 revision. This marked a decline of 33%. However, the value saw a significant increase to Rs 3,000 per sq.ft in 2023, followed by a further increase to Rs 3,275 per sq.ft in the 2024 revision, reflecting a 9% rise from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 9%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 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 guideline value in this area is Rs 1,625 per sq.ft, and the Tamil Nadu Housing Board (Commercial) guideline value of Rs 3,275 per sq.ft is above this median.

Stamp duty and registration fee for property in Tamil Nadu Housing Board (Commercial)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,275 per sq.ft, the total guideline value would be Rs 32,75,000. The stamp duty at 7% would amount to Rs 2,29,250, and the registration fee at 2% would be Rs 65,500. Together, the total cost for these fees would be Rs 2,94,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Tamil Nadu Housing Board (Commercial)?

The Tamil Nadu Housing Board (Commercial) 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. 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 a crucial factor in the registration of property transactions in Paruthipattu. It serves as a benchmark for determining the minimum sale price of a property, ensuring that the transaction is recorded at a value that reflects the current market standards.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations associated with the transaction, preventing any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Tamil Nadu Housing Board (Commercial) in Paruthipattu?

The current guideline value for Tamil Nadu Housing Board (Commercial) in Paruthipattu is Rs 3,275 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then increased to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,275 per sq.ft in 2024.

What are the stamp duty and registration fees for a property in Tamil Nadu Housing Board (Commercial)?

The stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a 1,000 sq.ft plot, the total stamp duty and registration fees would be Rs 2,94,750.

Which Sub Registrar Office covers the Tamil Nadu Housing Board (Commercial)?

The Avadi Sub Registrar Office covers the Tamil Nadu Housing Board (Commercial), located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the median guideline value in Paruthipattu?

The median guideline value in Paruthipattu is Rs 1,625 per sq.ft, with the Tamil Nadu Housing Board (Commercial) guideline value being above this median at Rs 3,275 per sq.ft.