Guideline Value for THIRU AVENUE

Thiru Avenue guideline value

The current guideline value of Thiru Avenue, located in Kannigaiper village under the Arani_Tiruvallur SRO, is Rs 550 per sq.ft as per the 2024 revision, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Thiru Avenue has changed

The guideline value for Thiru Avenue has seen several revisions over the years. The earliest recorded figure is from the 2017 revision, where it was Rs 368 per sq.ft. This increased to Rs 550 per sq.ft in both the 2023 and 2024 revisions, marking a significant increase of 49% from 2017 to 2023 and maintaining the same value into 2024. There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

From 2023 to 2024, the guideline value remained unchanged at Rs 550 per sq.ft. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Kannigaiper

In Kannigaiper, there are six streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 700 per sq.ft, with a median value of Rs 500 per sq.ft. Thiru Avenue's 2024 figure of Rs 550 per sq.ft is above this median.

• Sri Ram Nagar: Rs 400 per sq.ft (2024)
• Bhavani Amman Nagar: Rs 450 per sq.ft (2024)
• Chelliamman Avenue Phase 2: Rs 700 per sq.ft (2024)
• Kalaiarasi Garden: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Thiru Avenue

For a 1,000 sq.ft plot at the current rate of Rs 550 per sq.ft, the guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. 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.

Which Sub Registrar Office covers Thiru Avenue?

The Sub Registrar Office that covers Thiru Avenue is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Kannigaiper. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps in establishing a baseline for the transaction price. Buyers and sellers should be aware that the duty is charged on the higher of the guideline value or the sale price, which can impact the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Thiru Avenue?

The current guideline value of Thiru Avenue is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 368 per sq.ft in 2017 to Rs 550 per sq.ft in 2023 and 2024, representing a 49% increase over this period.

What are the stamp duty and registration fees for properties in Thiru Avenue?

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 and the registration fee would be Rs 11,000, totaling Rs 49,500.

Which office handles the registration for Thiru Avenue?

The Arani_Tiruvallur Sub Registrar Office handles the registration for Thiru Avenue, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101.

What is the land classification for Thiru Avenue?

The land classification for Thiru Avenue is Residential Class II Type - I, which is relevant for determining the guideline value and other regulatory aspects.