Guideline Value for TAMIL NADU SLUM CLEARANCE BORAD

Tamil Nadu Slum Clearance Borad guideline value

The current guideline value for Tamil Nadu Slum Clearance Borad in Thiruninravur-B village is Rs 770 per sq.ft, effective from 1 July 2024. This falls under the Residential Class II Type - III land classification and is registered with the Avadi Sub Registrar Office (Avadi SRO).

How the guideline value of Tamil Nadu Slum Clearance Borad has changed

The guideline value for Tamil Nadu Slum Clearance Borad has seen several revisions over the years. The earliest recorded revision was in 2017, with a guideline value of Rs 469 per sq.ft. This increased to Rs 700 per sq.ft in 2023, marking a significant rise of 49%. The latest revision in 2024 set the guideline value at Rs 770 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 330 to Rs 1,760 per sq.ft. The median value is Rs 770 per sq.ft, which is equal to the guideline value for Tamil Nadu Slum Clearance Borad.

• Tamil Kumaran Nagar Part 1: Rs 1,400 per sq.ft (2024)
• Tamil Kumaran Nagar: Rs 1,320 per sq.ft (2024)
• T.A Janakiraman Nagar: Rs 1,400 per sq.ft (2024)
• Tata Steel Yard: Rs 870 per sq.ft (2024)
• Swathi Avenue: Rs 770 per sq.ft (2024)
• Swami Nagar & Streets: Rs 870 per sq.ft (2024)

Stamp duty and registration fee for property in Tamil Nadu Slum Clearance Borad

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, while the registration fee at 2% would be Rs 15,400. Together, the total cost for stamp duty and registration would be Rs 69,300. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Tamil Nadu Slum Clearance Borad?

The Tamil Nadu Slum Clearance Borad 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 Thiruninravur-B

The guideline value plays a crucial role in the registration process when buying or selling property in Thiruninravur-B. It determines the minimum value at which property transactions are registered, ensuring that the government collects appropriate stamp duty and registration fees based on this value.

When a property is sold, the buyer and seller must agree on a sale price that meets or exceeds the guideline value. This ensures transparency and compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value for Tamil Nadu Slum Clearance Borad?

The current guideline value for Tamil Nadu Slum Clearance Borad is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024. This reflects an overall increase of 64% from 2017 to 2024.

What are the stamp duty and registration fees for property in Tamil Nadu Slum Clearance Borad?

For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900 and the registration fee would be Rs 15,400, totaling Rs 69,300. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Thiruninravur-B?

The Avadi Sub Registrar Office covers Thiruninravur-B. It is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum value for property transactions during registration. It ensures that the appropriate stamp duty and registration fees are collected, maintaining transparency in property dealings.