Guideline Value

Corporate

Guideline Value for THIRUVALLUVAR ST 2ND CROSS ST

₹950/sq.ft.

The guideline value for Thiruvalluvar St 2nd Cross St in Paruthipattu village (Avadi SRO, Chennai zone) is Rs 950 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paruthipattu

Village

Avadi

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹950 /sq.ft.
From 1-4-2023 ₹900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹603 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹900 /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 Thiruvalluvar St 2nd Cross St

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Thiruvalluvar St 2nd Cross St guideline value

The current guideline value of Thiruvalluvar St 2nd Cross St is Rs 950 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village and falls under the Avadi SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Thiruvalluvar St 2nd Cross St has changed

The guideline value for Thiruvalluvar St 2nd Cross St has undergone several revisions over the years. In 2012, the value was set at Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in 2017. Following this, the value increased to Rs 900 per sq.ft in 2023, and currently stands at Rs 950 per sq.ft from the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, followed by a significant increase of 49% from 2017 to 2023. The change from 2023 to 2024 reflects an increase of 6%. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Paruthipattu

In Paruthipattu, there are a total of 486 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 4,730 per sq.ft. The median guideline value for these streets is Rs 1,625 per sq.ft, indicating that Thiruvalluvar St 2nd Cross St's current value is below this median.

Stamp duty and registration fee for property in Thiruvalluvar St 2nd Cross St

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value would be Rs 9,50,000. The stamp duty at 7% would amount to Rs 66,500, and the registration fee at 2% would be Rs 19,000, bringing the total to Rs 85,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvalluvar St 2nd Cross St?

The Sub Registrar Office that covers Thiruvalluvar St 2nd Cross St is 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Paruthipattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable stamp duty and registration fees. This ensures that the transaction is recorded accurately and complies with local regulations.

Frequently asked questions

What is the current guideline value of Thiruvalluvar St 2nd Cross St?

The current guideline value of Thiruvalluvar St 2nd Cross St is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increasing to Rs 900 per sq.ft in 2023, and currently at Rs 950 per sq.ft in 2024.

What is the land classification for Thiruvalluvar St 2nd Cross St?

The land classification for Thiruvalluvar St 2nd Cross St is Residential Class II Type - I.

What are the other streets in Paruthipattu with guideline values?

Other streets in Paruthipattu include Thiruvalluvar St 1st Cross St, Thiruvalluvar St Konambedu, Thiruvika Park 1st Lane, Thiruvika Park 2nd Lane, Thiruvika Park St, and Thiruvika St, (Govarthanagiri), with varying guideline values.

How is the stamp duty calculated for properties in Thiruvalluvar St 2nd Cross St?

Stamp duty for properties in Thiruvalluvar St 2nd Cross St is calculated at 7% of the higher value between the guideline value and the sale price. Additionally, a registration fee of 2% is applied to the guideline value.