Guideline Value

Corporate

Guideline Value for WELFARE COLONY

₹988/sq.ft.

The guideline value for Welfare Colony in Thandurai village (Avadi SRO, Chennai zone) is Rs 988 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thandurai

Village

Avadi

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹988 /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 ₹283 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹69 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹60 /sq.ft.
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]

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Welfare Colony guideline value

The current guideline value for Welfare Colony in Thandurai village, under the Avadi SRO, is Rs 988 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Welfare Colony has changed

The guideline value for Welfare Colony has undergone several revisions over the years. In 2002, the guideline value was Rs 60 per sq.ft, which increased to Rs 69 per sq.ft in 2003. Following this, the value saw a significant rise to Rs 283 per sq.ft in 2007, marking a 310% increase. The value remained at Rs 900 per sq.ft in 2012, but then dropped to Rs 603 per sq.ft in 2017, reflecting a decrease of 33%.

From 2017 to 2023, the guideline value rose to Rs 900 per sq.ft, a 49% increase, and then reached Rs 988 per sq.ft in 2024, representing a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 1547%.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,640 per sq.ft. The median guideline value for these streets is Rs 988 per sq.ft, which is the same as the current value for Welfare Colony.

Stamp duty and registration fee for property in Welfare Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value amounts to Rs 9,88,000. The stamp duty at 7% would be Rs 69,160, and the registration fee at 2% would be Rs 19,760, bringing the total fees to Rs 88,920. 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 further calculations.

Which Sub Registrar Office covers Welfare Colony?

The Welfare Colony is covered by 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 Thandurai

The guideline value is an essential factor when registering property in Thandurai. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers should be aware that the guideline value may differ from the sale price, and the higher amount will be used for calculating the applicable fees.

When a property is sold, the guideline value serves as a reference point for the government to ensure that the correct taxes are collected. It is crucial for both buyers and sellers to understand how this value affects their financial obligations during the property transaction process.

Frequently asked questions

What is the current guideline value for Welfare Colony?

The current guideline value for Welfare Colony is Rs 988 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 60 per sq.ft in 2002 to Rs 988 per sq.ft in 2024, an overall increase of 1547%.

What is the registration office for Welfare Colony?

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

How is stamp duty calculated for properties in Welfare Colony?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value would incur a total fee of Rs 88,920.

What are the other streets in Thandurai with the same guideline value?

Other streets in Thandurai that share the same guideline value of Rs 988 per sq.ft include V.O.C.Street, M.T.H.Road Street, Charless Nagar, Yekathamman Koil Street, and 1st Cross St, among others.