Guideline Value for A.V.Nagar

A.V.Nagar guideline value

The current guideline value of A.V.Nagar, located in Atanancheri village under the Gooduvancheri SRO, is Rs 600 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

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

The guideline value of A.V.Nagar has undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 600 per sq.ft. This remained unchanged in the subsequent revision in 2017, where it was also recorded at Rs 600 per sq.ft. However, in 2017, the value was significantly lower at Rs 402 per sq.ft. The latest revisions in 2023 and 2024 both maintain the guideline value at Rs 600 per sq.ft, indicating no change from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has not changed.

Between the revisions, there was a notable increase of 49% from 2017 to 2023. Conversely, there was a decrease of 33% from 2012 to 2017. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Atanancheri

In Atanancheri, there are 83 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,500 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, placing A.V.Nagar's 2024 figure below this median.

• Au Mit Nagar Phase - V: Rs 1,000 per sq.ft (2024)
• Au Mit Nagar Phase - IV: Rs 1,000 per sq.ft (2024)
• Au Mit Nagar Phase III: Rs 1,000 per sq.ft (2024)
• Au Mit Nagar Phase II: Rs 1,000 per sq.ft (2024)
• AU-MIT Nagar Phase - I: Rs 1,000 per sq.ft (2024)
• Anna Street: Rs 600 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, making the total cost for these fees Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers A.V.Nagar?

A.V.Nagar is covered by 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 Atanancheri

The guideline value plays a crucial role in the registration process when buying or selling property in Atanancheri. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. These fees are calculated based on the guideline value or the sale price, whichever is higher.

When a property transaction occurs, the guideline value ensures that the government receives appropriate revenue from the transaction. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property dealings.

Frequently asked questions

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

The current guideline value of A.V.Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 600 per sq.ft in both 2023 and 2024. There was a significant increase of 49% from 2017 to 2023, while the value decreased by 33% from 2012 to 2017.

What is the land classification for A.V.Nagar?

The land classification for A.V.Nagar is Residential Special Type - I. This classification is important for determining the permissible uses of the land.

Where can I find the registration office for A.V.Nagar?

The registration office for A.V.Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 54,000.