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Guideline Value

Corporate

Guideline Value for TAMIL NADU HOUSING BOARD (MIG,HIG)

₹2640/sq.ft.

The guideline value for Tamil Nadu Housing Board (mig,hig) in Paruthipattu village (Avadi SRO, Chennai zone) is Rs 2640 per sq.ft, effective 1 July 2024. It was Rs 2400 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paruthipattu

Village

Avadi

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2640 /sq.ft.
From 1-4-2023 ₹2400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1608 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /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 (mig,hig)

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Tamil Nadu Housing Board (Mig,Hig) guideline value

The current guideline value for Tamil Nadu Housing Board (Mig,Hig) in Paruthipattu village is Rs 2,640 per sq.ft, effective from 1 July 2024. This property falls under the Avadi SRO and is classified as Commercial Class I Type - I.

How the guideline value of Tamil Nadu Housing Board (Mig,Hig) has changed

The guideline value for Tamil Nadu Housing Board (Mig,Hig) has undergone several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which then decreased to Rs 1,608 per sq.ft in 2017. Following this, the 2023 revision increased the value to Rs 2,400 per sq.ft, and the most recent 2024 revision raised it further to Rs 2,640 per sq.ft.

Between the revisions, there have been notable changes. From 2012 to 2017, the value decreased by 20%. However, it saw a significant increase of 49% from 2017 to 2023. The value then increased by 10% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 32%.

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 guideline value for Tamil Nadu Housing Board (Mig,Hig) is above the median value of Rs 1,625 per sq.ft for the area.

Stamp duty and registration fee for property in Tamil Nadu Housing Board (Mig,Hig)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,640 per sq.ft, the total guideline value amounts to Rs 26,40,000. The stamp duty at 7% would be Rs 1,84,800, and the registration fee at 2% would be Rs 52,800, totaling Rs 2,37,600. 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 more information on fees applicable to your property transaction.

Which Sub Registrar Office covers Tamil Nadu Housing Board (Mig,Hig)?

The Tamil Nadu Housing Board (Mig,Hig) 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. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Paruthipattu. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration requirements.

When a property is sold, the registration office uses the guideline value to calculate the applicable stamp duty and registration fees. This ensures that all transactions are conducted transparently and in accordance with the regulations set by the Registration Department.

Frequently asked questions

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

The current guideline value for Tamil Nadu Housing Board (Mig,Hig) in Paruthipattu is Rs 2,640 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,608 per sq.ft in 2017, then increased to Rs 2,400 per sq.ft in 2023, and finally to Rs 2,640 per sq.ft in 2024.

What is the stamp duty for properties in Tamil Nadu Housing Board (Mig,Hig)?

The stamp duty for properties in Tamil Nadu Housing Board (Mig,Hig) is calculated at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Tamil Nadu Housing Board (Mig,Hig)?

The Sub Registrar Office for Tamil Nadu Housing Board (Mig,Hig) is 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 (Mig,Hig) value being above this median.