Guideline Value for 7th Avenue Appolo Flats

7th Avenue Appolo Flats guideline value

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

How the guideline value of 7th Avenue Appolo Flats has changed

The guideline value for 7th Avenue Appolo Flats has seen several revisions over the years. In 2007, the value was set at Rs 11,500 per sq.ft. This increased to Rs 12,000 per sq.ft in 2012, followed by a decrease to Rs 8,040 per sq.ft in 2017. The value then rose significantly to Rs 12,000 per sq.ft in 2023, and most recently to Rs 13,200 per sq.ft in 2024, marking a 10% increase from the previous year.

From the 2017 revision to 2023, there was a substantial increase of 49%. The 2012 revision to 2017 saw a decrease of 33%, while the increase from 2007 to 2012 was a modest 4%. Overall, from 2007 to 2024, the guideline value has increased by 15%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thirumangalam

In Thirumangalam, there are 149 streets under the AnnaNagar SRO that have 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 7th Avenue Appolo Flats is above this median.

• 7th Avenue, Ambedkar Statute to old Thirumangalam, End Point Facing East West and West East Both sides coovam River Area near Bridge: Rs 13,200 per sq.ft (2024)
• 7th Avenue Bharathi Colony: Rs 13,200 per sq.ft (2024)
• 7 th Avenue, 100 feet Road: 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 7th Avenue Appolo Flats

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

Which Sub Registrar Office covers 7th Avenue Appolo Flats?

The 7th Avenue Appolo Flats falls under 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 more information.

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

The guideline value is a crucial factor in the registration of property transactions in Thirumangalam. It serves as the benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When buying or selling property, the guideline value helps both parties understand the minimum value at which a property can be registered. This ensures transparency in transactions, as the guideline value is publicly accessible and regularly updated.

Frequently asked questions

What is the current guideline value of 7th Avenue Appolo Flats?

The current guideline value of 7th Avenue Appolo Flats 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 11,500 per sq.ft in 2007 to Rs 13,200 per sq.ft in 2024, reflecting various increases and decreases over the years.

What is the land classification for 7th Avenue Appolo Flats?

The land classification for 7th Avenue Appolo Flats is Mixed Type - II.

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

Other streets in Thirumangalam with the same guideline value of Rs 13,200 per sq.ft include 7th Avenue Bharathi Colony, 7th Avenue, 100 feet Road, and 7th Avenue, “L” West Appolo Flats.

Where is the AnnaNagar Sub Registrar Office located?

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