Guideline Value for A.J. Avenue

A.J. Avenue guideline value

The current guideline value of A.J. Avenue in Kudalur village, under the Madurandakam SRO, is Rs 100 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

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

The guideline value for A.J. Avenue has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 20 per sq.ft. This figure increased significantly to Rs 70 per sq.ft in 2012, marking a 250% rise. However, in the following revision of 2017, the value decreased to Rs 47 per sq.ft, a drop of 33%. The most recent revisions in 2023 and 2024 have kept the value steady at Rs 100 per sq.ft, reflecting no change from the previous year.

From the 2017 revision to 2023, the guideline value increased by 113%. Overall, from the 2007 revision to the current 2024 value, there has been an increase of 400% in the guideline value for A.J. Avenue.

Guideline values in Kudalur

In Kudalur, there are 10 streets under the Madurandakam SRO that carry a guideline value for 2024, ranging from Rs 100 to Rs 299 per sq.ft. A.J. Avenue's 2024 figure aligns with the median value of Rs 100 per sq.ft. Below are the guideline values for other streets in Kudalur:

• Asayaa Nagar: Rs 299 per sq.ft (2024)
• Gajapathy Nagar: Rs 111 per sq.ft (2024)
• Madan City: Rs 100 per sq.ft (2024)
• Rallys Nagar: Rs 100 per sq.ft (2024)
• Rasi Nagar Phase-II: Rs 111 per sq.ft (2024)
• Sasi Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in A.J. 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 to Rs 9,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can also use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers A.J. Avenue?

The Sub Registrar Office that covers A.J. Avenue is 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 Kudalur

The guideline value plays a crucial role during the registration process when buying or selling property in Kudalur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the buyer must ensure that the sale price is either equal to or higher than the guideline value. This ensures that the appropriate fees are calculated based on the higher amount, thus maintaining compliance with local regulations.

Frequently asked questions

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

The current guideline value of A.J. Avenue is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for A.J. Avenue has increased from Rs 20 per sq.ft in 2007 to Rs 100 per sq.ft in 2024, reflecting an overall increase of 400% over the years.

What are the other streets in Kudalur with guideline values?

Other streets in Kudalur include Asayaa Nagar, Gajapathy Nagar, Madan City, Rallys Nagar, Rasi Nagar Phase-II, and Sasi Nagar, with values ranging from Rs 100 to Rs 299 per sq.ft for 2024.

What is the stamp duty for property in A.J. Avenue?

The stamp duty for property in A.J. Avenue is calculated at 7% of the guideline value. For a 1,000 sq.ft plot, this amounts to Rs 7,000.

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

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