Guideline Value for A.V.AVENU

A.V.Avenu guideline value

The current guideline value of A.V.Avenu in Malliyankaranai village is Rs 250 per sq.ft, effective from 1 July 2024. This area falls under the Uthiramerur SRO and is classified as Residential Class I Type - I.

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

The guideline value for A.V.Avenu has seen several revisions over the years. In 2012, the guideline value was set at Rs 250 per sq.ft, which remained unchanged until the next revision in 2017, where it dropped to Rs 167 per sq.ft. This was a decrease of 33%. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 250 per sq.ft. The most recent revision in 2024 maintained this value at Rs 250 per sq.ft, indicating no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 250 per sq.ft.

Guideline values in Malliyankaranai

In Malliyankaranai, there are 42 streets under the Uthiramerur SRO with a guideline value for 2024 ranging from Rs 200 to Rs 603 per sq.ft. The median guideline value for these streets is Rs 401 per sq.ft, which means the guideline value for A.V.Avenu is below this median.

• Arunachala PillaiChatiram Kalani: Rs 300 per sq.ft (2024)
• Arunachalapillai Chatiram: Rs 401 per sq.ft (2024)
• Balaji Nagar: Rs 250 per sq.ft (2024)
• Anna Nagar: Rs 401 per sq.ft (2024)
• Chellammal Nagar: Rs 401 per sq.ft (2024)
• Akshaya Nagar: Rs 401 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 250 per sq.ft, the guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers A.V.Avenu?

The A.V.Avenu street falls under the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

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

Both buyers and sellers should be aware that the guideline value can influence the overall cost of the transaction. It is essential to refer to the latest guideline value to ensure compliance with the registration requirements.

Frequently asked questions

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

The current guideline value of A.V.Avenu is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft since 2012, with a drop to Rs 167 per sq.ft in 2017 and a subsequent increase back to Rs 250 per sq.ft in 2023.

What are the guideline values of other streets in Malliyankaranai?

Other streets in Malliyankaranai have guideline values ranging from Rs 200 to Rs 603 per sq.ft, with a median value of Rs 401 per sq.ft.

What are the stamp duty and registration fees for A.V.Avenu?

The stamp duty for a property valued at Rs 2,50,000 is Rs 17,500, and the registration fee is Rs 5,000, totaling Rs 22,500.

Which Sub Registrar Office covers A.V.Avenu?

A.V.Avenu is covered by the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.