Guideline Value for AAM AVENUE

Aam Avenue guideline value

The current guideline value of Aam Avenue is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Thadaperumbakkam village, under the Ponneri SRO, and is classified as Residential Class I Type - I.

How the guideline value of Aam Avenue has changed

The guideline value for Aam Avenue has remained stable at Rs 600 per sq.ft in both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register for this street.

From 2023 to 2024, the guideline value saw no change, maintaining the rate at Rs 600 per sq.ft. This consistency indicates that the valuation has not fluctuated during this period.

Guideline values in Thadaperumbakkam

In Thadaperumbakkam, there are 50 streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 500 to Rs 1,500 per sq.ft, with a median value of Rs 501 per sq.ft. Aam Avenue's 2024 figure is above this median, indicating its relative standing among the other streets.

• Aarumuga Mudaliyar Nagar Extention: Rs 600 per sq.ft (2024)
• A.G.M. Green Garden: Rs 501 per sq.ft (2024)
• Ali Nagar: Rs 1,500 per sq.ft (2024)
• Annai Abirami Nagar: Rs 501 per sq.ft (2024)
• Annamalai Nagar: Rs 600 per sq.ft (2024)
• Arumuga Mudaliar Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Aam Avenue

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the 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, totaling Rs 54,000 for these fees. 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 Aam Avenue?

The Sub Registrar Office covering Aam Avenue is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Thadaperumbakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that all transactions reflect a fair valuation according to the current market standards.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that must be paid. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Aam Avenue?

The current guideline value of Aam Avenue is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Aam Avenue has remained at Rs 600 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What are the guideline values for other streets in Thadaperumbakkam?

In Thadaperumbakkam, other streets have a range of guideline values from Rs 500 to Rs 1,500 per sq.ft. Aam Avenue's value is above the median of Rs 501 per sq.ft.

How is stamp duty calculated for properties in Aam Avenue?

Stamp duty for properties in Aam Avenue is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 600 per sq.ft would incur a total of Rs 54,000 in fees.

Where can I find the Sub Registrar Office for Aam Avenue?

The Sub Registrar Office for Aam Avenue is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find more information through the provided link.