Guideline Value for A S AVENUE

A S Avenue guideline value

The current guideline value of A S Avenue in Vilangadupakkam village is Rs 440 per sq.ft, effective from 1 July 2024. This property falls under the Redhills SRO and is classified as Residential Class III Type - I.

How the guideline value of A S Avenue has changed

The guideline value for A S Avenue has seen several revisions over the years. The earliest recorded figure is from 2012, where it was set at Rs 400 per sq.ft. This value remained unchanged until 2017 when it dropped to Rs 268 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, raising the value to Rs 400 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 440 per sq.ft, marking a 10% rise from the previous year.

It is important to note that the register has no figures for A S Avenue for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Vilangadupakkam

In Vilangadupakkam, there are 160 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 365 to Rs 1,792 per sq.ft, with a median value of Rs 440 per sq.ft. A S Avenue's current value aligns perfectly with this median.

• Arul Nagar: Rs 770 per sq.ft (2024)
• Astalakshmi Nagar: Rs 770 per sq.ft (2024)
• Aravind Farms: Rs 440 per sq.ft (2024)
• Annai Vetha Nagar Extn. - I: Rs 440 per sq.ft (2024)
• Annai Vedha Nagar: Rs 770 per sq.ft (2024)
• Annai Nagar: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in A S Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total cost for these fees to Rs 39,600. It is essential to note that the 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 A S Avenue?

The Sub Registrar Office covering A S Avenue is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vilangadupakkam. It serves as a benchmark for determining the minimum value at which the property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of A S Avenue?

The current guideline value of A S Avenue is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification for A S Avenue?

A S Avenue is classified as Residential Class III Type - I, indicating its designation for residential use.

Where is the Redhills Sub Registrar Office located?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in A S Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at the current rate, the total stamp duty would be Rs 30,800.