Guideline Value

Corporate

Guideline Value for THE GRANDIOSE TOWN HOMES

₹1100/sq.ft.

The guideline value for The Grandiose Town Homes in Karunakaracheri village (Avadi SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Karunakaracheri

Village

Avadi

SRO

Mixed Type - II
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1000 /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 The Grandiose Town Homes

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The Grandiose Town Homes guideline value

The current guideline value of The Grandiose Town Homes is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Karunakaracheri village, under the Avadi Sub Registrar Office (SRO) jurisdiction. The land classification for this area is Mixed Type - II.

How the guideline value of The Grandiose Town Homes has changed

Since the 2017 revision, the guideline value for The Grandiose Town Homes has seen a 10% increase, moving from Rs 1,000 per sq.ft in both the 2017 and 2023 revisions to Rs 1,100 per sq.ft in the 2024 revision. Notably, the 2023 revision did not result in any change, maintaining the value at Rs 1,000 per sq.ft.

Prior to 2017, the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only revisions that reflect a guideline value are from 2017, 2023, and the upcoming 2024 revision.

Guideline values in Karunakaracheri

In Karunakaracheri, there are 10 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 2,000 per sq.ft. The median guideline value in this area is Rs 880 per sq.ft, placing The Grandiose Town Homes above this median with its value of Rs 1,100 per sq.ft.

Stamp duty and registration fee for property in The Grandiose Town Homes

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that 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 precise calculations.

Which Sub Registrar Office covers The Grandiose Town Homes?

The Grandiose Town Homes falls under the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Karunakaracheri. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to consider the guideline value, as it influences the overall costs involved in the transaction. Buyers should be aware that the duty is calculated based on the higher value between the guideline value and the sale price.

Frequently asked questions

What is the current guideline value for The Grandiose Town Homes?

The current guideline value for The Grandiose Town Homes is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2017 and 2023 to Rs 1,100 per sq.ft in 2024, marking a 10% increase. There were no figures recorded for the years 2002, 2003, 2007, and 2012.

What are the guideline values for other streets in Karunakaracheri?

Other streets in Karunakaracheri have a range of guideline values, with the lowest being Rs 660 per sq.ft and the highest at Rs 1,650 per sq.ft. The Grandiose Town Homes stands above the median value of Rs 880 per sq.ft.

What are the stamp duty and registration fees for The Grandiose Town Homes?

For a 1,000 sq.ft property at the guideline value of Rs 1,100 per sq.ft, the total guideline value is Rs 11,00,000. The stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles the registration for The Grandiose Town Homes?

The Avadi Sub Registrar Office handles the registration for The Grandiose Town Homes. The office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.