Guideline Value for AAVAAS NAGAR

Aavaas Nagar guideline value

The current guideline value of Aavaas Nagar in Gooduvancheri village is Rs 1,500 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 Aavaas Nagar has changed

The guideline value for Aavaas Nagar has seen several revisions over the years. The most recent revision in 2024 maintains the value at Rs 1,500 per sq.ft, which is the same as the 2023 revision. Prior to this, the 2017 revision set the value at Rs 1,005 per sq.ft, marking a significant increase of 49% from 2017 to 2023.

There are no figures available for the years 2012, 2007, 2003, and 2002 in the register for this street. Thus, the only revisions with recorded values are from 2017, 2023, and 2024.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft, with a median value of Rs 1,500 per sq.ft. Aavaas Nagar's 2024 figure aligns with this median.

• Abdulla theru: Rs 2,001 per sq.ft (2024)
• Achudhadoss Street: Rs 1,200 per sq.ft (2024)
• Ambekar Street: Rs 1,500 per sq.ft (2024)
• Anandhanarayanapuram: Rs 2,000 per sq.ft (2024)
• Annamalai Nagar: Rs 1,200 per sq.ft (2024)
• Arul Nagar: Rs 2,001 per sq.ft (2024)

Stamp duty and registration fee for property in Aavaas Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Aavaas Nagar?

Aavaas Nagar is covered by 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 Gooduvancheri

The guideline value plays a crucial role in the registration process of property transactions in Gooduvancheri. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, it is essential to consider the guideline value, as it can affect the overall cost of the transaction. Buyers should be aware that the stamp duty will be charged on the higher of the guideline value or the sale price, which can impact their financial planning.

Frequently asked questions

What is the current guideline value of Aavaas Nagar?

The current guideline value of Aavaas Nagar is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,500 per sq.ft from 2023 to 2024, and increased from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023, a change of 49%.

What are the other guideline values in Gooduvancheri?

In Gooduvancheri, guideline values range from Rs 1,000 to Rs 3,500 per sq.ft. Aavaas Nagar's value aligns with the median of Rs 1,500 per sq.ft.

What are the stamp duty and registration fees for property in Aavaas Nagar?

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000, and the registration fee would be Rs 30,000, totaling Rs 1,35,000.

Which office handles property registrations for Aavaas Nagar?

The Gooduvancheri Sub Registrar Office handles property registrations for Aavaas Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202.