Guideline Value for TRANSFARMER STREET

Transfarmer Street guideline value

The current guideline value of Transfarmer Street in Thiruninravur-B village, under the Avadi SRO, is Rs 440 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - III land classification.

How the guideline value of Transfarmer Street has changed

Transfarmer Street has seen several revisions in its guideline value over the years. The most recent revision in 2024 set the value at Rs 440 per sq.ft, an increase from Rs 400 per sq.ft in the 2023 revision. This change represents a 10% increase. Looking further back, in 2017, the guideline value was Rs 268 per sq.ft, indicating a significant rise of 49% from 2017 to 2023 and an overall increase of 64% from 2017 to 2024. The register has no figures for the revisions in 2012, 2007, 2003, and 2002 for this street.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 1,760 per sq.ft, with a median value of Rs 770 per sq.ft. The guideline value of Transfarmer Street at Rs 440 per sq.ft is below this median.

• T.R.R.Nagar & Streets: Rs 770 per sq.ft (2024)
• T.V.S.Nagar: Rs 870 per sq.ft (2024)
• T.K.Nagar: Rs 770 per sq.ft (2024)
• Vadivelan Nagar: Rs 770 per sq.ft (2024)
• Thiruvika Nagar & Extn & St: Rs 770 per sq.ft (2024)
• Valarmathi Nagar: Rs 870 per sq.ft (2024)

Stamp duty and registration fee for property in Transfarmer Street

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total cost for these fees to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Transfarmer Street?

The Sub Registrar Office that covers Transfarmer Street 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 Thiruninravur-B

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruninravur-B. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When a property transaction occurs, the guideline value helps ensure that the transaction is recorded accurately in the official register. Buyers and sellers should be aware that the guideline value may differ from the actual sale price, and the higher amount will be used for calculating the stamp duty.

Frequently asked questions

What is the current guideline value of Transfarmer Street?

The current guideline value of Transfarmer Street is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 268 per sq.ft in 2017 to Rs 440 per sq.ft in 2024, marking an overall increase of 64%. The most recent change was a 10% rise from Rs 400 per sq.ft in 2023.

What are the guideline values for other streets in Thiruninravur-B?

Other streets in Thiruninravur-B have varying guideline values, with rates ranging from Rs 330 to Rs 1,760 per sq.ft. The median value for these streets is Rs 770 per sq.ft.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a property valued at Rs 4,40,000, the total stamp duty and registration fees would amount to Rs 39,600.

Which office handles property registrations for Transfarmer Street?

The Avadi Sub Registrar Office is responsible for property registrations for Transfarmer Street, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.