Guideline Value for A.L.S. Avenue Extn

A.L.S. Avenue Extn guideline value

The current guideline value of A.L.S. Avenue Extn is Rs 1,000 per sq.ft, effective from 1 July 2024. This property is located in Nandhivaram village, under the jurisdiction of the Gooduvancheri SRO, and is classified as Residential Class II Type - I.

How the guideline value of A.L.S. Avenue Extn has changed

Over the years, the guideline value for A.L.S. Avenue Extn has seen several revisions. The earliest recorded figure is from 2002, when the guideline value was Rs 70 per sq.ft. This increased to Rs 350 per sq.ft in 2007, marking a significant rise of 400%. In 2012, the value remained at Rs 1,000 per sq.ft, showing no change from the previous revision.

From 2012 to 2017, the guideline value decreased by 33% to Rs 670 per sq.ft. However, it then increased by 49% to Rs 1,000 per sq.ft in 2023, and has remained the same in the 2024 revision. Notably, there is no figure for A.L.S. Avenue Extn in the 2003 revision.

Guideline values in Nandhivaram

Nandhivaram has a total of 169 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,500 per sq.ft, placing A.L.S. Avenue Extn's 2024 figure below this median.

• A.L.S. Avenue: Rs 1,000 per sq.ft (2024)
• Ambal Nagar: Rs 1,500 per sq.ft (2024)
• Akshaya Homes: Rs 3,500 per sq.ft (2024)
• Ambedkar Nagar: Rs 1,500 per sq.ft (2024)
• Adiparasakthi Nagar: Rs 1,500 per sq.ft (2024)
• Amman Nagar: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in A.L.S. Avenue Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers A.L.S. Avenue Extn?

The A.L.S. Avenue Extn is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Nandhivaram. When a property is bought or sold, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official records.

It is essential for buyers and sellers to be aware of the guideline value, as it determines the financial obligations during the registration process. This helps in maintaining transparency and legality in property dealings.

Frequently asked questions

What is the current guideline value of A.L.S. Avenue Extn?

The current guideline value of A.L.S. Avenue Extn is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 70 per sq.ft in 2002 to Rs 1,000 per sq.ft in 2024, reflecting an overall increase of 1329% over the years.

What is the median guideline value for streets in Nandhivaram?

The median guideline value for streets in Nandhivaram is Rs 1,500 per sq.ft, with A.L.S. Avenue Extn's 2024 figure being below this median.

What are the stamp duty and registration fees for A.L.S. Avenue Extn?

The stamp duty for a property valued at Rs 10,00,000 would be Rs 70,000, and the registration fee would be Rs 20,000, totaling Rs 90,000.

Which office handles registrations for A.L.S. Avenue Extn?

The Gooduvancheri Sub Registrar Office handles registrations for A.L.S. Avenue Extn, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone.