Guideline Value for ABHI AVENUE

Abhi Avenue guideline value

The current guideline value of Abhi Avenue, located in Pasumpoor village, is Rs 103 per sq.ft, effective from 1 July 2024. This area falls under the Madurandakam SRO and is classified as Residential Special Type - I.

How the guideline value of Abhi Avenue has changed

The guideline value for Abhi Avenue has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 70 per sq.ft. This figure increased to Rs 47 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value saw a significant rise to Rs 100 per sq.ft, which represents an increase of 113%. The most recent revision in 2024 has set the guideline value at Rs 103 per sq.ft, reflecting a 3% 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 this street. Overall, from 2012 to 2024, the guideline value has increased by 47%.

Guideline values in Pasumpoor

In Pasumpoor, four streets under the Madurandakam SRO carry a 2024 guideline value of Rs 103 per sq.ft, with this street's value equal to the median of Rs 103 per sq.ft. The other streets in Pasumpoor include:

• Nemisanth Nagar: Rs 103 per sq.ft (2024)
• Sathya Sai Saibaba Nagar: Rs 103 per sq.ft (2024)
• Sri Guberalakshmi Nagar: Rs 103 per sq.ft (2024)

Stamp duty and registration fee for property in Abhi Avenue

For a 1,000 sq.ft plot at the current guideline value, the total guideline value amounts to Rs 1,03,000. The stamp duty, charged at 7%, would be Rs 7,210, while the registration fee at 2% would be Rs 2,060. Together, these fees total Rs 9,270. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Abhi Avenue?

The Sub Registrar Office that covers Abhi Avenue is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Pasumpoor. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the established value of the property.

When buying or selling property, the guideline value helps determine the official value for legal and taxation purposes. Buyers should be aware that the stamp duty is calculated on the higher of the guideline value or the sale price, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Abhi Avenue?

The current guideline value of Abhi Avenue is Rs 103 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 70 per sq.ft in 2012 to Rs 103 per sq.ft in 2024, reflecting an overall increase of 47% during this period.

What are the other streets in Pasumpoor with the same guideline value?

Other streets in Pasumpoor under the Madurandakam SRO with the same guideline value of Rs 103 per sq.ft include Nemisanth Nagar, Sathya Sai Saibaba Nagar, and Sri Guberalakshmi Nagar.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 1,03,000. The stamp duty at 7% is Rs 7,210, and the registration fee at 2% is Rs 2,060, totaling Rs 9,270.

Which office should I visit for registration in Abhi Avenue?

The Madurandakam Sub Registrar Office covers Abhi Avenue, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.