Guideline Value for AATHAVAN AVENUE

Aathavan Avenue guideline value

The current guideline value of Aathavan Avenue is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Agaram Male village under the Poonamallee SRO, classified as Mixed Type - I.

How the guideline value of Aathavan Avenue has changed

In the 2017 revision, the guideline value was Rs 1,100 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 1,650 per sq.ft. The current 2024 revision has maintained this value at Rs 1,650 per sq.ft, indicating no change from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a 50% increase in the guideline value. It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Agaram Male

Agaram Male village has 21 streets under the Poonamallee SRO, with guideline values ranging from Rs 550 to Rs 2,800 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, placing Aathavan Avenue's 2024 figure above that median.

• Chozhan Nagar: Rs 770 per sq.ft (2024)
• Five Star Nagar: Rs 550 per sq.ft (2024)
• Lakshmi Nagar: Rs 770 per sq.ft (2024)
• M.G.A Avenue: Rs 770 per sq.ft (2024)
• M.G.M Nagar: Rs 770 per sq.ft (2024)
• Murugesan Nagar: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Aathavan Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total fees together Rs 1,48,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aathavan Avenue?

The Aathavan Avenue is covered by the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Agaram Male. It serves as a benchmark for determining the minimum value at which a property can be sold or bought, ensuring that transactions are conducted fairly and transparently.

When registering a property, the guideline value will influence the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher. Therefore, understanding the guideline value is essential for both buyers and sellers in the area.

Frequently asked questions

What is the current guideline value of Aathavan Avenue?

The current guideline value of Aathavan Avenue is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,650 per sq.ft since the 2023 revision. It increased from Rs 1,100 per sq.ft in the 2017 revision, marking a 50% increase overall from 2017 to 2024.

What is the median guideline value in Agaram Male?

The median guideline value for the 21 streets in Agaram Male is Rs 770 per sq.ft. Aathavan Avenue's current guideline value is above this median.

What are the stamp duty rates applicable in Aathavan Avenue?

The stamp duty rate applicable in Aathavan Avenue is 7% of the guideline value or sale price, whichever is higher. The registration fee is charged at 2% of the same.

Which office handles property registrations for Aathavan Avenue?

The property registrations for Aathavan Avenue are handled by the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.