Guideline Value for A.V.N. STREET - A.V.N.NAGAR

A.V.N. Street - A.V.N.Nagar guideline value

The current guideline value of A.V.N. Street - A.V.N.Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village, under the Gooduvancheri SRO, and is classified as Residential Special Type - III.

How the guideline value of A.V.N. Street - A.V.N.Nagar has changed

The guideline value for A.V.N. Street - A.V.N.Nagar has undergone several revisions over the years. In 2017, the guideline value was Rs 871 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded a value of Rs 1,300 per sq.ft. The most recent revision in 2024 has kept the guideline value at Rs 1,300 per sq.ft, indicating no change from the previous year.

Between 2017 and 2023, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value rose by 49% as well. The register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Madambakkam

In Madambakkam, there are 110 streets under the Gooduvancheri SRO that have a guideline value for 2024, ranging from Rs 800 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 1,200 per sq.ft, placing A.V.N. Street - A.V.N.Nagar's 2024 figure above this median.

• Athiparasakthi Nagar: Rs 1,200 per sq.ft (2024)
• Babu Avenue: Rs 1,300 per sq.ft (2024)
• Baby Nagar: Rs 1,200 per sq.ft (2024)
• Balaji Nagar: Rs 1,200 per sq.ft (2024)
• Anu Sakthi Avenue: Rs 1,200 per sq.ft (2024)
• Balaji Nagar Extn: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in A.V.N. Street - A.V.N.Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total cost for these fees to Rs 1,17,000. 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 a more detailed calculation based on your specific property.

Which Sub Registrar Office covers A.V.N. Street - A.V.N.Nagar?

The Sub Registrar Office that covers A.V.N. Street - A.V.N.Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Madambakkam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. This ensures that the government receives the appropriate taxes based on the established guideline values for various properties.

When registering a property, buyers should be aware that the stamp duty is calculated on either the guideline value or the sale price, whichever is higher. This means that understanding the guideline value is essential for accurate financial planning during property transactions.

Frequently asked questions

What is the current guideline value of A.V.N. Street - A.V.N.Nagar?

The current guideline value of A.V.N. Street - A.V.N.Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,300 per sq.ft from 2023 to 2024. It increased from Rs 871 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2023, marking a 49% rise over that period.

What is the land classification of A.V.N. Street - A.V.N.Nagar?

A.V.N. Street - A.V.N.Nagar is classified as Residential Special Type - III, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for A.V.N. Street - A.V.N.Nagar?

The Gooduvancheri Sub Registrar Office covers A.V.N. Street - A.V.N.Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.