Guideline Value for A.A.AVENUE

A.A.Avenue guideline value

The current guideline value of A.A.Avenue in Arungunam village is Rs 100 per sq.ft, effective from the 2024 revision, under the Madurandakam SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of A.A.Avenue has changed

The guideline value for A.A.Avenue has undergone several revisions over the years. In 2012, the value was set at Rs 100 per sq.ft, which remained unchanged in the 2023 revision. However, from 2017 to 2023, there was a significant increase of 49%, with the 2017 value recorded at Rs 67 per sq.ft. The register has no figures for the years 2007, 2003, and 2002 for this street.

With the 2024 revision, the guideline value remains at Rs 100 per sq.ft, showing no change from the previous year. The fluctuations in values over the years highlight the dynamics of the real estate market in this region.

Guideline values in Arungunam

In Arungunam, there are seven streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 500 per sq.ft. The median guideline value for these streets is Rs 100 per sq.ft, which is equal to the 2024 figure for A.A.Avenue.

• Iswariya Nagar: Rs 100 per sq.ft (2024)
• Prakash Nagar: Rs 150 per sq.ft (2024)
• Sabthagiri Garden Phase II: Rs 100 per sq.ft (2024)
• Sri Srinivasa Nagar: Rs 151 per sq.ft (2024)
• Priya Nagar: Rs 100 per sq.ft (2024)
• Sameera Terra Farms Phase-I (Sameera Green Field): Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in A.A.Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total fees together to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations based on your specific property transaction.

Which Sub Registrar Office covers A.A.Avenue?

A.A.Avenue falls under the jurisdiction of the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Arungunam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with legal requirements.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. Understanding the guideline value helps both parties in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of A.A.Avenue?

The current guideline value of A.A.Avenue is Rs 100 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft from 2012 to 2024, with a notable increase of 49% from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2023.

What are the stamp duty and registration fees for properties in A.A.Avenue?

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000.

Which office handles property registrations for A.A.Avenue?

The Madurandakam Sub Registrar Office handles property registrations for A.A.Avenue, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

Are there other streets in Arungunam with different guideline values?

Yes, there are other streets in Arungunam with varying guideline values, ranging from Rs 100 to Rs 500 per sq.ft as per the 2024 revision.