Guideline Value for A.V.P. Nagar

A.V.P. Nagar guideline value

The current guideline value of A.V.P. Nagar, located in Nattarasampattu village, is Rs 350 per sq.ft, effective from 1 July 2024. 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. The earliest available figure is from 2007, which was Rs 150 per sq.ft. This increased significantly to Rs 350 per sq.ft in 2012, marking a rise of 133%. However, in 2017, the value decreased to Rs 234 per sq.ft, a drop of 33%. The value then rose again to Rs 350 per sq.ft in 2023, maintaining the same rate in the 2024 revision, resulting in no change from the previous year.

From 2017 to 2023, there was a notable increase of 50%. Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 133%.

Guideline values in Nattarasampattu

Nattarasampattu village has 24 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 250 to Rs 700 per sq.ft. The median value is Rs 350 per sq.ft, which aligns with the current guideline value of A.V.P. Nagar.

• Balaji Avenue: Rs 350 per sq.ft (2024)
• Balaji Avenue Phase I & II: Rs 350 per sq.ft (2024)
• Anantham Royal City Phase-I & II: Rs 350 per sq.ft (2024)
• Dalmia Nagar: Rs 350 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 250 per sq.ft (2024)
• Golden Rain Avenue: Rs 500 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 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, totaling Rs 31,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

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. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Nattarasampattu. It is used to determine the stamp duty and registration fees during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that all transactions are fairly assessed based on the established values.

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 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 350 per sq.ft in 2012, then decreased to Rs 234 per sq.ft in 2017, and returned to Rs 350 per sq.ft in both 2023 and 2024.

What is the median guideline value in Nattarasampattu?

The median guideline value in Nattarasampattu is Rs 350 per sq.ft, which is the same as the current guideline value for A.V.P. Nagar.

What are the stamp duty and registration fees for property in A.V.P. Nagar?

For a 1,000 sq.ft plot at the guideline value of Rs 350 per sq.ft, the total guideline value is Rs 3,50,000, with stamp duty at 7% totaling Rs 24,500 and a registration fee at 2% totaling Rs 7,000, amounting to Rs 31,500 in total fees.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.