Guideline Value for A V M Colony 4th Street

A V M Colony 4th Street guideline value

The current guideline value of A V M Colony 4th 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, and is classified as Residential Class II Type - II.

How the guideline value of A V M Colony 4th Street has changed

The guideline value of A V M Colony 4th Street has seen significant changes over the years. In 2002, the guideline value was Rs 392 per sq.ft. This increased to Rs 434 per sq.ft in 2003, marking an 11% rise. The value continued to rise, reaching Rs 500 per sq.ft in 2007, which represented a 15% increase. The value then jumped dramatically to Rs 4,500 per sq.ft in 2012, reflecting an 800% increase. However, it decreased to Rs 3,015 per sq.ft in 2017, a decline of 33%. The guideline value was Rs 4,500 per sq.ft in 2023, before rising to the current figure of Rs 4,950 per sq.ft in 2024, which is a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1163%. There are no figures available for the years not listed in the register for this street.

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. The median value for these streets is Rs 4,400 per sq.ft, placing A V M Colony 4th Street above this median.

• A V M Colony 1st Street: Rs 4,950 per sq.ft (2024)
• A V M Colony 2nd Street: Rs 4,950 per sq.ft (2024)
• A V M Colony 3th 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 5th Street: Rs 4,950 per sq.ft (2024)
• A V M Colony 6th Street: Rs 4,950 per sq.ft (2024)
• A V M Avenue 8th Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in A V M Colony 4th Street

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 49,50,000. The stamp duty at 7% would amount to Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, making the total cost for these fees Rs 4,45,500. It is important to note that the duty is charged on the higher of the guideline value or 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 4th Street?

The A V M Colony 4th Street falls under the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Virugambakkam. It serves as a benchmark for determining the minimum value of a property, which is used to calculate stamp duty and registration fees during the transaction process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value. This helps maintain transparency in property transactions and prevents undervaluation or overvaluation of properties.

Frequently asked questions

What is the current guideline value of A V M Colony 4th Street?

The current guideline value of A V M Colony 4th 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 changed significantly, increasing from Rs 392 per sq.ft in 2002 to Rs 4,950 per sq.ft in 2024, which is an overall increase of 1163%.

What are the stamp duty and registration fees for property in A V M Colony 4th Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 4,45,500.

Which Sub Registrar Office covers A V M Colony 4th Street?

The Virugambakkam Sub Registrar Office covers A V M Colony 4th Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification of A V M Colony 4th Street?

A V M Colony 4th Street is classified as Residential Class II Type - II.