Guideline Value for A.V.P. Nagar

A.V.P. Nagar guideline value

The current guideline value of A.V.P. Nagar in Adhanoor village is Rs 1,000 per sq.ft, effective from the 2024 revision. This area falls under the Gooduvancheri SRO and is classified as Residential Special Type - I.

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

The guideline value for A.V.P. Nagar has seen several revisions over the years. In the 2007 revision, the value was set at Rs 200 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in the 2012 revision, marking a 400% rise. However, in the 2017 revision, the value was adjusted down to Rs 670 per sq.ft, which was a decrease of 33%. The 2023 revision maintained the value at Rs 1,000 per sq.ft, and the 2024 revision also holds the same value, reflecting no change from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 400%.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 670 to Rs 3,000 per sq.ft, with the median being Rs 1,000 per sq.ft. The guideline value for A.V.P. Nagar aligns with this median.

• Avp Garden: Rs 1,250 per sq.ft (2024)
• A.V.P Royal Castle: Rs 1,000 per sq.ft (2024)
• Avp Avenue Part V: Rs 1,250 per sq.ft (2024)
• A.V.P Avenue Part IV Extn-II: Rs 1,250 per sq.ft (2024)
• A.V.P Avenue Part-IV Extn-I: Rs 1,250 per sq.ft (2024)
• AVP Avenue Part IV: Rs 1,250 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers A.V.P. 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 Adhanoor

The guideline value is a crucial factor during the registration of property transactions in Adhanoor. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

Frequently asked questions

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

The current guideline value of A.V.P. Nagar is Rs 1,000 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revisions being Rs 1,000 per sq.ft in both 2023 and 2024, and Rs 670 per sq.ft in 2017. The value has increased significantly from Rs 200 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012.

What is the land classification of A.V.P. Nagar?

A.V.P. Nagar is classified as Residential Special Type - I, which indicates its suitability for residential development.

What is the stamp duty rate for properties in A.V.P. Nagar?

The stamp duty rate for properties in A.V.P. Nagar is 7%, which is calculated on the higher of the guideline value or the sale price of the property.

Where can I find the Sub Registrar Office for A.V.P. Nagar?

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