Guideline Value for AADHINATH AVENUE

Aadhinath Avenue guideline value

The current guideline value of Aadhinath Avenue is Rs 2,350 per sq.ft, effective from 1 July 2024. This street is located in Vengaivasal village under the Selaiyur SRO and is classified as Residential Class I Type - I.

How the guideline value of Aadhinath Avenue has changed

The guideline value of Aadhinath Avenue has seen several revisions over the years. In 2012, the value was set at Rs 2,200 per sq.ft, which remained unchanged until the 2017 revision when it decreased to Rs 1,474 per sq.ft, marking a drop of 33%. The following revision in 2023 increased the value to Rs 2,200 per sq.ft, and the most recent revision in 2024 raised it further to Rs 2,350 per sq.ft, reflecting a 7% increase.

From 2017 to 2023, the guideline value increased significantly by 49%. As for the years 2007, 2003, and 2002, the register has no figure for Aadhinath Avenue in it.

Guideline values in Vengaivasal

In Vengaivasal, there are 117 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft, with a median value of Rs 2,700 per sq.ft. Aadhinath Avenue's current figure of Rs 2,350 per sq.ft is below this median.

• Aiswarya Garden Extension 3rd Cross Street: Rs 4,300 per sq.ft (2024)
• Akila Avenue: Rs 2,700 per sq.ft (2024)
• Akshayam Avenue: Rs 3,300 per sq.ft (2024)
• Anantha Nagar: Rs 2,700 per sq.ft (2024)
• Anjaneyar Koil Street: Rs 2,700 per sq.ft (2024)
• Annai Ahalyaa: Rs 4,000 per sq.ft (2024)

Stamp duty and registration fee for property in Aadhinath Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,350 per sq.ft, the total guideline value would be Rs 23,50,000. The stamp duty at 7% would amount to Rs 1,64,500, and the registration fee at 2% would be Rs 47,000, bringing the total cost to Rs 2,11,500. 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 details.

Which Sub Registrar Office covers Aadhinath Avenue?

Aadhinath Avenue falls under the jurisdiction of the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Vengaivasal, as it determines the minimum price at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that all transactions adhere to the legal framework set by the Registration Department.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall costs involved in property transactions. This value is regularly updated to reflect market conditions and ensure fair pricing in the real estate sector.

Frequently asked questions

What is the current guideline value of Aadhinath Avenue?

The current guideline value of Aadhinath Avenue is Rs 2,350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then back to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,350 per sq.ft in 2024.

What is the land classification for Aadhinath Avenue?

Aadhinath Avenue is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in Aadhinath Avenue?

For a property valued at Rs 23,50,000, the stamp duty would be Rs 1,64,500 and the registration fee would be Rs 47,000, totaling Rs 2,11,500.

Which Sub Registrar Office covers the registration for Aadhinath Avenue?

The Selaiyur Sub Registrar Office covers Aadhinath Avenue, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.