Guideline Value for 4TH AVENUE

4th Avenue guideline value

The current guideline value of 4th Avenue in Koyakbedu village is Rs 15,900 per sq.ft, effective from 1 July 2024. This property falls under the AnnaNagar SRO and is classified as Residential Special Type - II.

How the guideline value of 4th Avenue has changed

The guideline value of 4th Avenue has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 15,900 per sq.ft, which is an increase from Rs 14,500 per sq.ft in 2023, marking a change of +10%. Prior to that, in 2017, the value was Rs 9,715 per sq.ft, reflecting a significant increase of +49% from 2017 to 2023. The overall change from 2017 to 2024 is +64%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Koyakbedu

In Koyakbedu, there are 270 streets under the AnnaNagar SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, placing 4th Avenue's 2024 figure above this median.

• 2nd Avenue: Rs 15,900 per sq.ft (2024)
• Z Block 13th Main Road: Rs 13,100 per sq.ft (2024)
• Yamuna Street: Rs 3,300 per sq.ft (2024)
• Yadhaval Street: Rs 3,300 per sq.ft (2024)
• West Mada Street: Rs 3,300 per sq.ft (2024)
• Vivekananda Street (H Block): Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in 4th Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 15,900 per sq.ft, the total guideline value amounts to Rs 1,59,00,000. The stamp duty at 7% would be Rs 11,13,000, while the registration fee at 2% would be Rs 3,18,000, leading to a total of Rs 14,31,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers 4th Avenue?

The Sub Registrar Office that covers 4th Avenue is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Koyakbedu. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the government records.

When buying or selling property, the guideline value helps to establish a baseline for the transaction amount. Buyers and sellers must consider this value to ensure compliance with local regulations and to avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of 4th Avenue?

The current guideline value of 4th Avenue is Rs 15,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 9,715 per sq.ft in 2017 to Rs 15,900 per sq.ft in 2024, marking an overall increase of +64% over this period.

What is the land classification for 4th Avenue?

4th Avenue is classified as Residential Special Type - II under the guidelines set by the AnnaNagar SRO.

Where is the Sub Registrar Office for 4th Avenue located?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is the stamp duty calculated for properties in Koyakbedu?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 15,900 per sq.ft would incur a stamp duty of Rs 11,13,000.