Guideline Value for A.L.S. Avenue

A.L.S. Avenue guideline value

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

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

The guideline value for A.L.S. Avenue has seen several revisions over the years. In the 2007 revision, the value was Rs 350 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012. However, it decreased by 33% to Rs 670 per sq.ft in the 2017 revision. The 2023 revision maintained the value at Rs 1,000 per sq.ft, and this figure remains unchanged in the 2024 revision.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 186%. It is important to note that there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Nandhivaram

In Nandhivaram, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft, with a median value of Rs 1,500 per sq.ft. A.L.S. Avenue's 2024 figure is below this median.

• A.L.S. Avenue Extn: 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

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. Please 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 precise calculations.

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

The Sub Registrar Office that covers A.L.S. Avenue is 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 details.

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

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

When a property is registered, the guideline value is considered alongside the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of A.L.S. Avenue 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 350 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017. It remained at Rs 1,000 per sq.ft in both the 2023 and 2024 revisions.

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

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000, and the registration fee would be Rs 20,000, totaling Rs 90,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

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

The Gooduvancheri Sub Registrar Office handles property registrations for A.L.S. Avenue. It is located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202.

What is the land classification for A.L.S. Avenue?

A.L.S. Avenue is classified as Residential Class II Type - I, indicating its suitability for residential development within the area.