Guideline Value for A.V.M.Nagar

A.V.M.Nagar guideline value

The current guideline value of A.V.M.Nagar is Rs 4,950 per sq.ft, effective from 1 July 2024. This area is located in Saligramam village under the Virugambakkam 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. The 2007 revision set the value at Rs 1,800 per sq.ft, which increased significantly by 150% to Rs 4,500 per sq.ft in 2012. However, the value then decreased by 33% to Rs 3,015 per sq.ft in 2017. The subsequent revision in 2023 raised the value to Rs 4,500 per sq.ft, and the most recent revision in 2024 has set it at Rs 4,950 per sq.ft, marking a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 175%.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median guideline value for the area is Rs 4,400 per sq.ft, placing A.V.M.Nagar's 2024 figure above this median.

• A.V.M Street: Rs 4,400 per sq.ft (2024)
• Bajanai Koil 1st Street: Rs 3,850 per sq.ft (2024)
• Bajanai Koil 2nd Street: Rs 3,850 per sq.ft (2024)
• Arunachalam Road (Main): Rs 7,690 per sq.ft (2024)
• Arcot Road: Rs 13,200 per sq.ft (2024)
• Anna Road: Rs 6,600 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 4,950 per sq.ft, the total guideline value would be Rs 49,50,000. The stamp duty at 7% would be Rs 3,46,500, and the registration fee at 2% would amount to Rs 99,000, resulting in a total of Rs 4,45,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers A.V.M.Nagar is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Saligramam. It is used to determine the stamp duty and registration fees that are applicable during the registration process. Buyers and sellers should be aware of the guideline value to ensure compliance with local regulations.

When a property is sold or purchased, the guideline value is referenced to calculate the financial obligations associated with the transaction. This value serves as a benchmark for both parties involved in the sale, ensuring transparency and adherence to legal requirements.

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 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2007 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of 175% over the years.

What is the median guideline value in Saligramam?

The median guideline value in Saligramam is Rs 4,400 per sq.ft, with A.V.M.Nagar's current value being above this median.

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

For a 1,000 sq.ft plot, the total stamp duty would be Rs 3,46,500 and the registration fee would be Rs 99,000, totaling Rs 4,45,500 based on the current guideline value.

Which office handles property registrations in A.V.M.Nagar?

The Virugambakkam Sub Registrar Office handles property registrations in A.V.M.Nagar, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.