Guideline Value for ABIRAMI AVENUE

Abirami Avenue guideline value

The current guideline value of Abirami Avenue is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in the Thiruninravur-A village under the Avadi SRO and falls under the Residential Class II Type - III land classification.

How the guideline value of Abirami Avenue has changed

The guideline value for Abirami Avenue has seen several revisions over the years. The 2017 revision set the value at Rs 469 per sq.ft, which was increased to Rs 700 per sq.ft in 2023, marking a significant rise of 49%. The latest revision in 2024 further increased the guideline value to Rs 750 per sq.ft, reflecting a 7% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 60%. 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 Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a guideline value for 2024, ranging from Rs 440 to Rs 2,750 per sq.ft. The median value for these streets is Rs 750 per sq.ft, which is the same as the guideline value for Abirami Avenue.

• Abirami Nagar: Rs 750 per sq.ft (2024)
• Aasir Nagar: Rs 750 per sq.ft (2024)
• Abirami Nagar & Streets: Rs 750 per sq.ft (2024)
• Aandal Nagar: Rs 840 per sq.ft (2024)
• Aadhi Parasakthi Nagar & St: Rs 750 per sq.ft (2024)
• A.G.R.Temple Avenue: Rs 950 per sq.ft (2024)

Stamp duty and registration fee for property in Abirami Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total cost for these fees to Rs 67,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Abirami Avenue?

The Sub Registrar Office that covers Abirami Avenue is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value plays a crucial role in property transactions in Thiruninravur-A. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing a property. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When selling a property, the guideline value is also significant as it helps establish a baseline for the property's value during the registration process. This ensures that the transaction is recorded accurately and that the necessary fees are paid based on the official valuation.

Frequently asked questions

What is the current guideline value of Abirami Avenue?

The current guideline value of Abirami Avenue is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 469 per sq.ft to Rs 750 per sq.ft in 2024, marking an overall increase of 60%.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 7,50,000, the total fees would amount to Rs 67,500.

Which Sub Registrar Office covers Abirami Avenue?

The Avadi Sub Registrar Office covers Abirami Avenue, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the land classification of Abirami Avenue?

Abirami Avenue falls under the Residential Class II Type - III land classification.