Guideline Value for A.V. Gardens

A.V. Gardens guideline value

The current guideline value of A.V. Gardens, located in Peerklankaranai village, is Rs 2,220 per sq.ft. This value is effective from the 1st of July 2024 and falls under the Residential Special Type - IV land classification.

How the guideline value of A.V. Gardens has changed

The guideline value for A.V. Gardens has seen significant changes over the years. In the 2017 revision, the value was set at Rs 1,340 per sq.ft. This increased to Rs 2,010 per sq.ft in the 2023 revision, marking a 50% rise. The most recent revision in 2024 has further increased the guideline value to Rs 2,220 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 66%. It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Peerklankaranai

In Peerklankaranai, a total of 322 streets fall under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 4,400 per sq.ft. The median guideline value in this area is Rs 1,650 per sq.ft, placing A.V. Gardens' current value above the median.

• Avvai St: Rs 2,200 per sq.ft (2024)
• Avvai St cross st: Rs 1,100 per sq.ft (2024)
• Avvai Street Extension: Rs 1,100 per sq.ft (2024)
• A.S.Rajan Nagar Extn: Rs 1,650 per sq.ft (2024)
• Baaventhar street: Rs 2,200 per sq.ft (2024)
• Bagavathi Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in A.V. Gardens

For a 1,000 sq.ft plot at the current guideline value of Rs 2,220 per sq.ft, the total guideline value would be Rs 22,20,000. The stamp duty at 7% would amount to Rs 1,55,400, and the registration fee at 2% would be Rs 44,400, bringing the total cost to Rs 1,99,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers A.V. Gardens?

The Sub Registrar Office that covers A.V. Gardens is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Peerklankaranai. It is used to determine the stamp duty and registration fees that must be paid at the time of property registration.

When buying or selling property, the guideline value is considered the minimum value for registration purposes. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of A.V. Gardens?

The current guideline value of A.V. Gardens is Rs 2,220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,220 per sq.ft in 2024, marking an overall increase of 66%.

What are the guideline values for other streets in Peerklankaranai?

Other streets in Peerklankaranai have varying guideline values, ranging from Rs 880 to Rs 4,400 per sq.ft, with a median value of Rs 1,650 per sq.ft.

What is the stamp duty for property in A.V. Gardens?

The stamp duty for property in A.V. Gardens is calculated at 7% of the guideline value, which would be Rs 1,55,400 for a 1,000 sq.ft plot at the current rate.

Which office handles property registration for A.V. Gardens?

The Tambaram Joint 1 Sub Registrar Office handles property registration for A.V. Gardens, located at No.26, Mes Road, East Tambaram, Chennai-600059.