Guideline Value for ABC AVENUE

Abc Avenue guideline value

The current guideline value of Abc Avenue in Thiruvottiyur village, under the Thiruvottiyur SRO, is Rs 2,800 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Abc Avenue has changed

Starting from the 2002 revision, the guideline value for Abc Avenue was Rs 352 per sq.ft. This figure increased to Rs 414 per sq.ft in 2003, marking an increase of 18%. The value saw a significant rise to Rs 600 per sq.ft in 2007, which is a 45% increase. However, in 2012, the value reverted to Rs 2,600 per sq.ft, reflecting a decrease of 333%.

In the following years, the guideline value changed to Rs 1,742 per sq.ft in 2017, representing a 49% increase from the previous revision. The most recent revision in 2023 set the value at Rs 2,600 per sq.ft, before reaching the current value of Rs 2,800 per sq.ft in 2024, which is an 8% increase.

Guideline values in Thiruvottiyur

In Thiruvottiyur, there are 177 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 1,300 to Rs 8,600 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing Abc Avenue's 2024 figure below this median.

• Ambigai Nagar: Rs 1,500 per sq.ft (2024)
• Amsa Thottam: Rs 3,300 per sq.ft (2024)
• Anjugam Nagar--1: Rs 3,300 per sq.ft (2024)
• Anjugam Nagar--2: Rs 3,300 per sq.ft (2024)
• Anna Colony: Rs 3,700 per sq.ft (2024)
• Annai Gengammal Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Abc Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total cost for these fees to Rs 2,52,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Abc Avenue?

The Sub Registrar Office covering Abc Avenue is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thiruvottiyur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When registering a property, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the financial obligations involved in the property transfer process.

Frequently asked questions

What is the current guideline value of Abc Avenue?

The current guideline value of Abc Avenue is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 352 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, showing an overall increase of 695% over the years.

What are the stamp duty and registration fees for a property in Abc Avenue?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,96,000 and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Which Sub Registrar Office is responsible for Abc Avenue?

The Thiruvottiyur Sub Registrar Office is responsible for Abc Avenue, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the land classification for Abc Avenue?

Abc Avenue is classified as Residential Special Type - III, indicating its designated use within the area.