Guideline Value for ZAHIR HUSSAIN STREET

Zahir Hussain Street guideline value

The current guideline value of Zahir Hussain Street in Paleripattu village is Rs 803 per sq.ft, effective from 1 July 2024. This street falls under the Avadi SRO and is classified as Residential Class I Type - I.

How the guideline value of Zahir Hussain Street has changed

The guideline value for Zahir Hussain Street has seen several revisions over the years. In 2012, the value was Rs 750 per sq.ft, which then decreased to Rs 502 per sq.ft in 2017. Following this, there was a significant increase to Rs 750 per sq.ft in 2023, and the current value stands at Rs 803 per sq.ft in 2024, reflecting a 7% increase from the previous year.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 7%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Paleripattu

Paleripattu village has 111 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 4,200 per sq.ft, with a median value of Rs 990 per sq.ft. Zahir Hussain Street's current guideline value is below this median.

• V.G.N.Royal Enclave: Rs 1,950 per sq.ft (2024)
• Vgn Aviv Enclave: Rs 2,420 per sq.ft (2024)
• Venkateswara Oil Mill St: Rs 990 per sq.ft (2024)
• Velayudham St: Rs 1,980 per sq.ft (2024)
• Varadharajan St: Rs 990 per sq.ft (2024)
• Thiruvallur St: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Zahir Hussain Street

For a 1,000 sq.ft plot at the current guideline value of Rs 803 per sq.ft, the total guideline value would be Rs 8,03,000. The stamp duty at 7% would amount to Rs 56,210, and the registration fee at 2% would be Rs 16,060, bringing the total to Rs 72,270. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Zahir Hussain Street?

The Sub Registrar Office that covers Zahir Hussain 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 Paleripattu

The guideline value is a crucial factor in property transactions in Paleripattu. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, which are essential for completing the registration process. It is important for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Zahir Hussain Street?

The current guideline value of Zahir Hussain Street is Rs 803 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then increased to Rs 750 per sq.ft in 2023, and is now Rs 803 per sq.ft in 2024.

What is the land classification for Zahir Hussain Street?

Zahir Hussain Street is classified as Residential Class I Type - I under the Avadi SRO.

How does the guideline value compare to other streets in Paleripattu?

The guideline value of Zahir Hussain Street at Rs 803 per sq.ft is below the median value of Rs 990 per sq.ft for other streets in Paleripattu.

Where can I find the Sub Registrar Office for Zahir Hussain Street?

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