Guideline Value for ABI'S ASIRVAD AVENUE EXTENSION

Abi's Asirvad Avenue Extension guideline value

The current guideline value of Abi's Asirvad Avenue Extension is Rs 3,100 per sq.ft, effective from 1 July 2024. This street is located in Padappai village, under the Padappai SRO, and is classified as Residential Class IV Type - III.

How the guideline value of Abi's Asirvad Avenue Extension has changed

According to the guideline value register, the 2024 revision shows a guideline value of Rs 3,100 per sq.ft, which remains unchanged from the 2023 revision, also at Rs 3,100 per sq.ft. The register has no figures for the revisions from 2002, 2003, 2007, 2012, and 2017 for this street.

Thus, the guideline value has not changed between the 2023 and 2024 revisions, indicating a stable valuation for this period. The absence of figures for earlier revisions suggests that the valuation history for Abi's Asirvad Avenue Extension is limited to the most recent two years.

Guideline values in Padappai

In Padappai, there are 146 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 830 per sq.ft, placing Abi's Asirvad Avenue Extension above this median.

• Abi's Asirvad Avenue: Rs 3,300 per sq.ft (2024)
• Ambedgar Street: Rs 660 per sq.ft (2024)
• Anitha Nagar: Rs 830 per sq.ft (2024)
• Annai Arul Nagar: Rs 660 per sq.ft (2024)
• Anna Nagar: Rs 660 per sq.ft (2024)
• Arumugam Nagar: Rs 830 per sq.ft (2024)

Stamp duty and registration fee for property in Abi's Asirvad Avenue Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 3,100 per sq.ft, the total guideline value would be Rs 31,00,000. The stamp duty at 7% would amount to Rs 2,17,000, and the registration fee at 2% would be Rs 62,000, bringing the total fees together to Rs 2,79,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Abi's Asirvad Avenue Extension?

The Sub Registrar Office that covers Abi's Asirvad Avenue Extension is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Padappai, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Abi's Asirvad Avenue Extension?

The current guideline value of Abi's Asirvad Avenue Extension is Rs 3,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 3,100 per sq.ft from 2023 to 2024. The register has no figures for the revisions from 2002, 2003, 2007, 2012, and 2017 for this street.

What is the median guideline value for streets in Padappai?

The median guideline value for the 146 streets in Padappai is Rs 830 per sq.ft. Abi's Asirvad Avenue Extension's guideline value is above this median.

What are the stamp duty and registration fees for a property in Abi's Asirvad Avenue Extension?

For a property valued at Rs 31,00,000, the stamp duty would be Rs 2,17,000 and the registration fee would be Rs 62,000, totaling Rs 2,79,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Abi's Asirvad Avenue Extension located?

The Sub Registrar Office for Abi's Asirvad Avenue Extension is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.