Guideline Value for 7 th Avenue, 100 feet Road

7 th Avenue, 100 feet Road guideline value

The current guideline value of 7 th Avenue, 100 feet Road is Rs 13,200 per sq.ft, effective from 1 July 2024. This property is located in Thirumangalam village and falls under the AnnaNagar SRO with a land classification of Mixed Type - II.

How the guideline value of 7 th Avenue, 100 feet Road has changed

The guideline value for 7 th Avenue has undergone several revisions over the years. The 2012 revision set the value at Rs 12,000 per sq.ft. This figure decreased to Rs 8,040 per sq.ft in the 2017 revision, which was a drop of 33%. However, the value rebounded significantly to Rs 12,000 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 has further increased the guideline value to Rs 13,200 per sq.ft, reflecting a 10% rise from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Thirumangalam

In Thirumangalam, the guideline values for properties vary significantly. There are 149 streets under the AnnaNagar SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 15,900 per sq.ft, with a median value of Rs 11,500 per sq.ft. The guideline value of 7 th Avenue, 100 feet Road is above this median.

• 7th Avenue, Ambedkar Statute to old Thirumangalam: Rs 13,200 per sq.ft (2024)
• 7th Avenue Appolo Flats: Rs 13,200 per sq.ft (2024)
• 7th Avenue Bharathi Colony: Rs 13,200 per sq.ft (2024)
• 7th Avenue, “L” West Appolo Flats: Rs 13,200 per sq.ft (2024)
• 2nd Avenue: Rs 15,900 per sq.ft (2024)
• Y- Block (West) 1593, 3013, 3065 2907 (Near Natesan Co-operative Training Institute) 13th Main Road: Rs 13,200 per sq.ft (2024)

Stamp duty and registration fee for property in 7 th Avenue, 100 feet Road

For a 1,000 sq.ft plot at the current guideline value of Rs 13,200 per sq.ft, the total guideline value amounts to Rs 1,32,00,000. The stamp duty at 7% would be Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, bringing the total cost for these fees to Rs 11,88,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers 7 th Avenue, 100 feet Road?

The 7 th Avenue, 100 feet Road is covered by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for further assistance.

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

The guideline value is an essential factor when registering property transactions in Thirumangalam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, it is crucial to be aware of the guideline value, as it may affect the overall costs involved in the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any unexpected expenses during the registration process.

Frequently asked questions

What is the current guideline value of 7 th Avenue, 100 feet Road?

The current guideline value of 7 th Avenue, 100 feet Road is Rs 13,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 12,000 per sq.ft in 2012 to Rs 8,040 per sq.ft in 2017, then back to Rs 12,000 per sq.ft in 2023, and currently to Rs 13,200 per sq.ft in 2024.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 1,32,00,000, the stamp duty would be Rs 9,24,000 and the registration fee would be Rs 2,64,000, totaling Rs 11,88,000.

Which office handles the registration for 7 th Avenue, 100 feet Road?

The registration for 7 th Avenue, 100 feet Road is handled by the AnnaNagar Sub Registrar Office located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for 7 th Avenue, 100 feet Road?

The land classification for 7 th Avenue, 100 feet Road is Mixed Type - II, which indicates the type of development permitted in the area.