Guideline Value for A.V.P. AASAITHAMBI STREET

A.V.P. Aasaithambi Street guideline value

The current guideline value of A.V.P. Aasaithambi Street, located in Chinnasekkadu village under the Thiruvottiyur SRO, is Rs 1,001 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of A.V.P. Aasaithambi Street has changed

The guideline value for A.V.P. Aasaithambi Street has seen several revisions over the years. In 2002, the guideline value was Rs 59 per sq.ft, which increased to Rs 68 per sq.ft in 2003, marking a change of +15%. The value rose significantly to Rs 200 per sq.ft in 2007, an increase of +194%. By 2012, the value was revised to Rs 600 per sq.ft, reflecting a +200% change. However, it decreased to Rs 402 per sq.ft in 2017, a drop of -33%. The 2023 revision saw the value rise to Rs 1,000 per sq.ft, which remained unchanged in the 2024 revision at Rs 1,001 per sq.ft.

Overall, from 2002 to 2024, the guideline value has increased by +1597%. The register has no figures for the years not mentioned above for this street.

Guideline values in Chinnasekkadu

In Chinnasekkadu, there are 49 streets under the Thiruvottiyur SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing A.V.P. Aasaithambi Street's 2024 figure below that median.

• Asiriyar Thangaraj Street: Rs 1,300 per sq.ft (2024)
• Appa Raji Naidu Street / Appa Raji Street: Rs 1,001 per sq.ft (2024)
• Anna Street: Rs 1,300 per sq.ft (2024)
• Balji Palayam: Rs 1,001 per sq.ft (2024)
• Bharathi Dasan Street: Rs 1,001 per sq.ft (2024)
• Chandramman Koil Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in A.V.P. Aasaithambi Street

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 be Rs 70,070, and the registration fee at 2% would be Rs 20,020, bringing the total to Rs 90,090. It is important to note that 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 more details.

Which Sub Registrar Office covers A.V.P. Aasaithambi Street?

A.V.P. Aasaithambi Street falls under the jurisdiction of the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. To find your SRO, you can visit find your SRO.

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

The guideline value is an important factor during property registration in Chinnasekkadu. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the registration process. This ensures that the transaction is officially documented and recognized by the authorities.

Frequently asked questions

What is the current guideline value of A.V.P. Aasaithambi Street?

The current guideline value of A.V.P. Aasaithambi Street is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 59 per sq.ft in 2002 to Rs 1,001 per sq.ft in 2024, reflecting an overall increase of +1597% over the years.

What is the land classification for A.V.P. Aasaithambi Street?

A.V.P. Aasaithambi Street is classified as Residential Class II Type - I.

Where can I find the Thiruvottiyur Sub Registrar Office?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How are stamp duty and registration fees calculated for properties?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total of Rs 90,090 in fees.