Guideline Value for A.V.M. NAGAR

A.V.M. Nagar guideline value

The current guideline value of A.V.M. Nagar is Rs 1,001 per sq.ft, effective from the 2024 revision. This locality is situated in Edayanchavadi village, under the jurisdiction of the Thiruvottiyur SRO, and is classified as Residential Class I Type - I.

How the guideline value of A.V.M. Nagar has changed

The guideline value for A.V.M. Nagar has undergone several revisions over the years. In the 2017 revision, the guideline value was Rs 335 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2023 revision, and the latest revision in 2024 saw a slight increase to Rs 1,001 per sq.ft, marking a 199% increase from the 2017 figure.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. From 2023 to 2024, there was no change in the guideline value, remaining at Rs 1,001 per sq.ft.

Guideline values in Edayanchavadi

In Edayanchavadi, there are 23 streets under the Thiruvottiyur SRO that carry a guideline value for 2024, ranging from Rs 1,000 to Rs 1,100 per sq.ft, with a median value of Rs 1,001 per sq.ft. A.V.M. Nagar's 2024 figure is equal to this median value.

• Bazar Street: Rs 1,002 per sq.ft (2024)
• Gangaiyamman Nagar: Rs 1,001 per sq.ft (2024)
• Green Garden: Rs 1,000 per sq.ft (2024)
• Kanaga Durga Nagar: Rs 1,001 per sq.ft (2024)
• Lakshmikathammal Nagar: Rs 1,001 per sq.ft (2024)
• Lakshmi Nagar: Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in A.V.M. Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value would be Rs 10,01,000. The stamp duty at 7% would amount to Rs 70,070, and the registration fee at 2% would be Rs 20,020, totaling Rs 90,090. 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 details.

Which Sub Registrar Office covers A.V.M. Nagar?

The A.V.M. Nagar area falls under the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Edayanchavadi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately.

When a property is being sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the costs involved in the transaction, based on the established guideline value for the area.

Frequently asked questions

What is the current guideline value of A.V.M. Nagar?

The current guideline value of A.V.M. Nagar is Rs 1,001 per sq.ft, effective from the 2024 revision.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 335 per sq.ft in 2017 to Rs 1,001 per sq.ft in 2024, marking a total increase of 199% over this period.

What is the range of guideline values in Edayanchavadi?

In Edayanchavadi, the guideline values for 2024 range from Rs 1,000 to Rs 1,100 per sq.ft, with a median value of Rs 1,001 per sq.ft.

What are the stamp duty rates applicable in A.V.M. Nagar?

The stamp duty rate in A.V.M. Nagar is 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the guideline value.

Where is the Sub Registrar Office for A.V.M. Nagar located?

The Thiruvottiyur Sub Registrar Office, which covers A.V.M. Nagar, is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.