Guideline Value for AAVIN STREET (NEAR ECR)

Aavin Street (Near Ecr) guideline value

The current guideline value of Aavin Street (Near Ecr) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Enjambakkam village and falls under the Neelankarai SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Aavin Street (Near Ecr) has changed

The guideline value of Aavin Street (Near Ecr) has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 2,000 per sq.ft, marking a 49% rise. The latest revision in 2024 has further increased the value to Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Aavin Street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, which is the same as the current value for Aavin Street (Near Ecr).

• Adhithya Avenue: Rs 2,800 per sq.ft (2024)
• Adityaram Seashell Avenue: Rs 3,900 per sq.ft (2024)
• Ambedkar Street: Rs 1,700 per sq.ft (2024)
• Ankala Parameswari Street: Rs 1,100 per sq.ft (2024)
• Anna Enclave: Rs 3,300 per sq.ft (2024)
• Annai Theresa Road: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Aavin Street (Near Ecr)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total fees together Rs 1,98,000. It is essential 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 Aavin Street (Near Ecr)?

Aavin Street (Near Ecr) is covered by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai 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 Enjambakkam

The guideline value is a critical factor during property registration in Enjambakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and standardization in property transactions.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. It is essential for buyers and sellers to be aware of the guideline value to understand their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value of Aavin Street (Near Ecr)?

The current guideline value of Aavin Street (Near Ecr) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024, reflecting a 10% increase. It was Rs 1,340 per sq.ft in 2017 and Rs 2,000 per sq.ft in 2012.

What are the stamp duty and registration fees for a property in Aavin Street (Near Ecr)?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000.

Which office handles registrations for Aavin Street (Near Ecr)?

The Neelankarai Sub Registrar Office handles registrations for Aavin Street (Near Ecr). The office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the land classification for Aavin Street (Near Ecr)?

Aavin Street (Near Ecr) is classified as Residential Class III Type - I, indicating its suitability for residential purposes.