Guideline Value for 7th Avenue, Ambedkar Statute To Old Thirumangalam, End Point Facing East West And West East Both Sides Coovam River Area Near Bridge

7th Avenue, Ambedkar Statute to old Thirumangalam, End Point Facing East West and West East Both sides coovam River Area near Bridge guideline value

The current guideline value for 7th Avenue, Ambedkar Statute to old Thirumangalam, End Point Facing East West and West East Both sides coovam River Area near Bridge is Rs 13,200 per sq.ft, effective from 1 July 2024. This area is located in Thirumangalam village, under the AnnaNagar SRO, classified as Mixed Type - II land.

How the guideline value of 7th Avenue, Ambedkar Statute to old Thirumangalam, End Point Facing East West and West East Both sides coovam River Area near Bridge has changed

The guideline value for this street has seen several revisions over the years. In 2007, the value was Rs 11,000 per sq.ft, which increased to Rs 12,000 per sq.ft in 2012. However, it dropped to Rs 8,040 per sq.ft in 2017. Following this decline, the value rose significantly to Rs 12,000 per sq.ft in 2023, and then to Rs 13,200 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 20%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Thirumangalam

In Thirumangalam, there are 149 streets under the AnnaNagar SRO that carry 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 Rs 13,200 per sq.ft for this street is above the median.

• 7 th Avenue, 100 feet Road: 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 7th Avenue, Ambedkar Statute to old Thirumangalam, End Point Facing East West and West East Both sides coovam River Area near Bridge

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, and the registration fee at 2% would be Rs 2,64,000, leading to a total of Rs 11,88,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers 7th Avenue, Ambedkar Statute to old Thirumangalam, End Point Facing East West and West East Both sides coovam River Area near Bridge?

The Sub Registrar Office that covers this area is 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 critical factor when registering property transactions in Thirumangalam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the registration process.

Frequently asked questions

What is the current guideline value for 7th Avenue, Ambedkar Statute to old Thirumangalam?

The current guideline value for 7th Avenue, Ambedkar Statute to old Thirumangalam 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 11,000 per sq.ft in 2007 to Rs 13,200 per sq.ft in 2024, reflecting a 20% increase overall. Significant changes occurred in 2017 when it dropped to Rs 8,040 per sq.ft, before rising again in subsequent years.

What is the land classification for this area?

The land classification for 7th Avenue, Ambedkar Statute to old Thirumangalam is Mixed Type - II, which indicates a mix of residential and commercial uses.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for this area is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,32,00,000, the stamp duty would be Rs 9,24,000 at a rate of 7%.