Guideline Value for A.K. AVENUE

A.K. Avenue guideline value

The current guideline value of A.K. Avenue is Rs 600 per sq.ft as per the 2023 revision. This street is located in Mambakkam village, under the Gooduvancheri SRO, and is classified as Residential Class I Type - I.

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

The guideline value for A.K. Avenue has seen changes over the years. In the 2017 revision, the value was Rs 402 per sq.ft. The most recent revision in 2023 saw an increase to Rs 600 per sq.ft, marking a change of +49% from the previous figure.

There are no figures available for this street in the revisions from 2002, 2003, 2007, 2012, and 2024. Thus, the only available values are from the 2017 and 2023 revisions.

Guideline values in Mambakkam

Currently, there are no specific village figures provided for Mambakkam. A.K. Avenue is the only street mentioned under the Gooduvancheri SRO.

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

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. Please note that 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.K. Avenue?

The Sub Registrar Office that covers A.K. Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor during the registration process when buying or selling property. It serves as a benchmark for the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately for legal purposes.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of A.K. Avenue is Rs 600 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

From the 2017 revision, where the value was Rs 402 per sq.ft, the guideline value increased to Rs 600 per sq.ft in the 2023 revision, which is a change of +49%.

Are there any guideline values for A.K. Avenue in previous revisions?

There are no figures available for A.K. Avenue in the revisions from 2002, 2003, 2007, 2012, and 2024.

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

For a 1,000 sq.ft plot, the total stamp duty and registration fees would be Rs 54,000, calculated based on the guideline value of Rs 6,00,000.

Which Sub Registrar Office covers A.K. Avenue?

The Gooduvancheri Sub Registrar Office covers A.K. Avenue, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.