Guideline Value for ABI'S ASIRVAD AVENUE

Abi's Asirvad Avenue guideline value

The current guideline value of Abi's Asirvad Avenue is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Padappai village and falls under the Padappai SRO with a land classification of Commercial Class I Type - I.

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

The guideline value for Abi's Asirvad Avenue has undergone several revisions. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the value at Rs 3,000 per sq.ft, which increased to Rs 3,300 per sq.ft in the 2024 revision, marking a change of +10%.

Prior to the 2023 revision, there were no recorded figures for the street in the register. The most recent value reflects the ongoing adjustments in the guideline values for properties in the area.

Guideline values in Padappai

In Padappai, there are 146 streets under the Padappai SRO that have a 2024 guideline value ranging from Rs 440 to Rs 4,000 per sq.ft, with a median value of Rs 830 per sq.ft. The guideline value of Rs 3,300 per sq.ft for Abi's Asirvad Avenue is above this median.

• Abi's Asirvad Avenue Extension: Rs 3,100 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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important 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 Abi's Asirvad Avenue?

The Sub Registrar Office covering Abi's Asirvad Avenue 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 information.

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

The guideline value is a critical factor when buying or selling property in Padappai. It serves as a benchmark for determining the registration fees and stamp duty applicable to the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the stamp duty and registration fees. This ensures that the fees reflect the true value of the property being transacted.

Frequently asked questions

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

The current guideline value of Abi's Asirvad Avenue is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Abi's Asirvad Avenue was Rs 3,000 per sq.ft in 2023 and increased to Rs 3,300 per sq.ft in 2024, reflecting a +10% change. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Abi's Asirvad Avenue?

Abi's Asirvad Avenue is classified as Commercial Class I Type - I according to the land classification records.

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

For a property with a guideline value of Rs 33,00,000, the stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000.

Where can I find the Sub Registrar Office for Abi's Asirvad Avenue?

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