Guideline Value for A.R.AVENUE

A.R.Avenue guideline value

The current guideline value of A.R.Avenue in Kavanipakkam village is Rs 102 per sq.ft, effective from 1 July 2024. This property falls under the Salavakkam SRO and is classified as Residential Class III Type - I.

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

The guideline value for A.R.Avenue has undergone several revisions over the years. The 2012 revision set the value at Rs 60 per sq.ft, which increased to Rs 40 per sq.ft in the 2017 revision. This was a decrease of 33%. However, the value surged to Rs 100 per sq.ft in the 2023 revision, representing a significant increase of 150%. The current value of Rs 102 per sq.ft from the 2024 revision marks a 2% rise from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for A.R.Avenue. Overall, from 2012 to 2024, the guideline value has increased by 70%, reflecting the changes in the property landscape in this area.

Guideline values in Kavanipakkam

Kavanipakkam village has four streets under the Salavakkam SRO that carry a 2024 guideline value, ranging from Rs 101 to Rs 389 per sq.ft. The median value among these streets is Rs 102 per sq.ft, which is equal to the current guideline value of A.R.Avenue.

• Green City 1,2,3: Rs 101 per sq.ft (2024)
• Sri Balaji Avenue Part-III: Rs 101 per sq.ft (2024)
• Yellow Land Setters: Rs 389 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 102 per sq.ft, the total guideline value would be Rs 1,02,000. The stamp duty at 7% would amount to Rs 7,140, and the registration fee at 2% would be Rs 2,040, bringing the total fees to Rs 9,180. 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 precise calculations.

Which Sub Registrar Office covers A.R.Avenue?

The Sub Registrar Office that covers A.R.Avenue is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor during property registration in Kavanipakkam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the established rates.

When buying or selling property, the guideline value helps to standardize the transaction process. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations and to avoid any discrepancies during registration.

Frequently asked questions

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

The current guideline value of A.R.Avenue is Rs 102 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 60 per sq.ft in 2012 to Rs 102 per sq.ft in 2024, reflecting an overall increase of 70% over this period.

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

For a plot of 1,000 sq.ft at the guideline value of Rs 102 per sq.ft, the total fees would be Rs 9,180, which includes stamp duty and registration fees.

Which office handles registrations for A.R.Avenue?

The Salavakkam Sub Registrar Office is responsible for handling registrations for A.R.Avenue, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

What is the land classification of A.R.Avenue?

A.R.Avenue is classified as Residential Class III Type - I, indicating its suitability for residential development.