Guideline Value for AJANTHA FLATS (7TH AVENUE)

Ajantha Flats (7th Avenue) guideline value

The current guideline value of Ajantha Flats (7th Avenue) is Rs 13,100 per sq.ft, effective from 1 July 2024. This property is located in Padi village under the Villivakkam SRO, and it falls under the land classification of Residential Special Type - I.

How the guideline value of Ajantha Flats (7th Avenue) has changed

The guideline value for Ajantha Flats (7th Avenue) has seen several revisions over the years. In 2012, the guideline value was Rs 12,000 per sq.ft. This value decreased significantly to Rs 8,040 per sq.ft in 2017. However, from 2017 to 2023, there was a notable increase, with the value rising to Rs 12,000 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 13,100 per sq.ft, marking a 9% increase from the previous year.

In summary, the changes between revisions show a 49% increase from 2017 to 2023, a decrease of 33% from 2012 to 2017, and an overall increase of 9% from 2012 to 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Padi

Padi village has a total of 354 streets under the Villivakkam SRO, with guideline values ranging from Rs 2,200 to Rs 13,200 per sq.ft as of 2024. The median guideline value for these streets is Rs 3,800 per sq.ft, placing Ajantha Flats (7th Avenue) above this median.

• Akshaya Apartments (Park Road): Rs 9,700 per sq.ft (2024)
• Amman Koil Street: Rs 2,800 per sq.ft (2024)
• ANNAI FLATS (Padi Kuppam Road): Rs 6,600 per sq.ft (2024)
• ANNA STREET (Back of Britannia): Rs 3,400 per sq.ft (2024)
• ANNA STREET (Padi Kuppam): Rs 2,200 per sq.ft (2024)
• Appadurai Chetty Street: Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in Ajantha Flats (7th Avenue)

For a 1,000 sq.ft plot at the current guideline value of Rs 13,100 per sq.ft, the total guideline value amounts to Rs 1,31,00,000. The stamp duty at 7% would be Rs 9,17,000, and the registration fee at 2% would be Rs 2,62,000, totaling Rs 11,79,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ajantha Flats (7th Avenue)?

The Ajantha Flats (7th Avenue) property falls under the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Padi. It serves as the basis for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, it's essential to be aware of the guideline value, as it can impact the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Ajantha Flats (7th Avenue)?

The current guideline value of Ajantha Flats (7th Avenue) is Rs 13,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 12,000 per sq.ft in 2012 to Rs 8,040 per sq.ft in 2017, then increased to Rs 12,000 per sq.ft in 2023, and finally to Rs 13,100 per sq.ft in 2024.

What is the land classification for Ajantha Flats (7th Avenue)?

Ajantha Flats (7th Avenue) is classified as Residential Special Type - I under the land classification.

Where can I find the registration office for Ajantha Flats (7th Avenue)?

The registration office for Ajantha Flats (7th Avenue) is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in Ajantha Flats (7th Avenue)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 1,31,00,000 would incur a stamp duty of Rs 9,17,000.