Guideline Value

Corporate

Guideline Value for THIRUVIKA PARK ST

₹950/sq.ft.

The guideline value for Thiruvika Park 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 Thiruvika Park St

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Thiruvika Park St guideline value

The current guideline value of Thiruvika Park St is Rs 950 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village under the Avadi SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Thiruvika Park St has changed

In the 2012 revision, the guideline value was Rs 900 per sq.ft. This was followed by a decrease to Rs 603 per sq.ft in the 2017 revision, marking a decline of 33%. The value then increased significantly to Rs 900 per sq.ft in the 2023 revision, and further rose to Rs 950 per sq.ft in the 2024 revision, representing a 6% increase from the previous year. The register has no figure for this street for the years 2002, 2003, and 2007.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 6%. The most notable change occurred from 2017 to 2023, where the value increased by 49%.

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 median value for these streets is Rs 1,625 per sq.ft, placing Thiruvika Park St's 2024 figure below that median.

Stamp duty and registration fee for property in Thiruvika Park St

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value amounts to Rs 9,50,000. The stamp duty at 7% would be 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvika Park St?

The Sub Registrar Office that covers Thiruvika Park St is 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 Paruthipattu

The guideline value is a crucial factor in the registration process for property transactions in Paruthipattu. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this valuation.

When buying or selling a property, the guideline value helps both parties understand the official valuation of the property. It is essential to ensure that the sale price is not lower than the guideline value to avoid any legal complications during the registration process.

Frequently asked questions

What is the current guideline value of Thiruvika Park St?

The current guideline value of Thiruvika Park 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 changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then to Rs 900 per sq.ft in 2023, and finally to Rs 950 per sq.ft in 2024.

What is the land classification of Thiruvika Park St?

Thiruvika Park St is classified under Residential Class II Type - I.

Which office handles the registration for Thiruvika Park St?

The Avadi Sub Registrar Office handles the registration for Thiruvika Park St, located in Thandurai Village, Avadi Taluk, Tiruvallur District.

How do I calculate the stamp duty and registration fees?

To calculate the stamp duty and registration fees, you can use the guideline value. For example, for a 1,000 sq.ft plot at Rs 950 per sq.ft, the total guideline value is Rs 9,50,000, with a stamp duty of Rs 66,500 and a registration fee of Rs 19,000.