Guideline Value for A V M Colony 3th Street

A V M Colony 3th Street guideline value

The current guideline value of A V M Colony 3th Street is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Virugambakkam village, under the jurisdiction of the Virugambakkam SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of A V M Colony 3th Street has changed

The guideline value for A V M Colony 3th Street has undergone several revisions over the years. In 2007, the guideline value was Rs 500 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012. However, this figure dropped to Rs 3,015 per sq.ft in 2017. From 2017 to 2023, there was a notable increase to Rs 4,500 per sq.ft, and the most recent revision in 2024 set the value at Rs 4,950 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available in the register for the years 2002 and 2003 for this street. The overall change from the 2007 revision to the 2024 revision shows a remarkable increase of 890% in the guideline value.

Guideline values in Virugambakkam

In Virugambakkam, there are 391 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 13,200 per sq.ft, with a median value of Rs 4,400 per sq.ft. The guideline value for A V M Colony 3th Street is above this median.

• A V M Colony 2nd Street: Rs 4,950 per sq.ft (2024)
• A V M Colony 4th Street: Rs 4,950 per sq.ft (2024)
• A V M Colony 1st Street: Rs 4,950 per sq.ft (2024)
• A V M Colony 5th Street: Rs 4,950 per sq.ft (2024)
• A V M Avenue 8th Street: Rs 5,500 per sq.ft (2024)
• A V M Colony 6th Street: Rs 4,950 per sq.ft (2024)

Stamp duty and registration fee for property in A V M Colony 3th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value amounts to Rs 49,50,000. The stamp duty at 7% would be Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, bringing the total fees to Rs 4,45,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers A V M Colony 3th Street?

The Sub Registrar Office that covers A V M Colony 3th Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Virugambakkam. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when a property is bought or sold.

When registering a property, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of A V M Colony 3th Street?

The current guideline value of A V M Colony 3th Street is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 500 per sq.ft in 2007 to Rs 4,950 per sq.ft in 2024, which is an overall increase of 890%.

What are the stamp duty and registration fees for A V M Colony 3th Street?

For a 1,000 sq.ft property, the total guideline value is Rs 49,50,000, with stamp duty at Rs 3,46,500 and registration fees at Rs 99,000, totaling Rs 4,45,500.

Which office handles the registration for A V M Colony 3th Street?

The Virugambakkam Sub Registrar Office handles the registration for A V M Colony 3th Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for A V M Colony 3th Street?

The land classification for A V M Colony 3th Street is Residential Class II Type - II.