Guideline Value for ABHIRUDHI AVENUE

Abhirudhi Avenue guideline value

The current guideline value of Abhirudhi Avenue, located in Tharapakkam village under the Pammal SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - I.

How the guideline value of Abhirudhi Avenue has changed

The guideline value for Abhirudhi Avenue has seen several revisions over the years. The 2017 revision set the value at Rs 1,340 per sq.ft. This was followed by a significant increase to Rs 2,000 per sq.ft in the 2023 revision, representing a 49% rise. The most recent 2024 revision has further increased the guideline value to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Tharapakkam

In Tharapakkam, there are 47 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,000 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Abhirudhi Avenue's 2024 figure above that median.

• Aalayam: Rs 1,100 per sq.ft (2024)
• Alex Nagar: Rs 1,100 per sq.ft (2024)
• Ambethkar Street (ward 2): Rs 1,100 per sq.ft (2024)
• Ambethkar Street (ward 3): Rs 1,100 per sq.ft (2024)
• Ambethkar Street (ward 4): Rs 1,100 per sq.ft (2024)
• Amman Koil Street (ward 5): Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Abhirudhi Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Abhirudhi Avenue?

The Sub Registrar Office that covers Abhirudhi Avenue is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. To learn more about your local SRO, you can find your SRO.

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

The guideline value plays a crucial role in property transactions in Tharapakkam. It is used to determine the amount of stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with registration requirements.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the transaction is recorded accurately and that the appropriate taxes are paid to the government.

Frequently asked questions

What is the current guideline value of Abhirudhi Avenue?

The current guideline value of Abhirudhi Avenue is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 64%.

What is the land classification for Abhirudhi Avenue?

Abhirudhi Avenue is classified as Mixed Type - I, which indicates the type of development and land use permitted in the area.

How is stamp duty calculated for properties in Abhirudhi Avenue?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at 7%.

Where is the Sub Registrar Office for Abhirudhi Avenue located?

The Pammal Sub Registrar Office, which covers Abhirudhi Avenue, is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.