Guideline Value for AJANTHA FLATS

Ajantha Flats guideline value

The current guideline value of Ajantha Flats in Villivakkam village is Rs 13,200 per sq.ft, effective from 1 July 2024. This property falls under the Villivakkam SRO and is classified as Residential Class I Type - I.

How the guideline value of Ajantha Flats has changed

Since the 2012 revision, the guideline value for Ajantha Flats has experienced several changes. The 2012 revision set the value at Rs 12,000 per sq.ft, which then decreased to Rs 8,040 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value rose significantly to Rs 12,000 per sq.ft, reflecting an increase of 49%. The latest revision in 2024 has further increased the guideline value to Rs 13,200 per sq.ft, a rise of 10% from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Villivakkam

In Villivakkam, there are 372 streets under the Villivakkam SRO that carry a 2024 guideline value, ranging from Rs 1,600 to Rs 13,200 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, placing Ajantha Flats' 2024 figure above the median.

• Agathiyar Nagar Srinivasa Avenue: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR LAKSHMI 3rd STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR LAKSHMI 2nd STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR LAKSHMI 1st STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR EXTENSION 3rd STREET: Rs 4,900 per sq.ft (2024)
• AGATHIYAR NAGAR EXTENSION 2nd STREET: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Ajantha Flats

For a 1,000 sq.ft plot at the current guideline value of Rs 13,200 per sq.ft, the total guideline value amounts to Rs 1,32,00,000. The stamp duty at 7% would be Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, bringing the total to Rs 11,88,000. 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 details.

Which Sub Registrar Office covers Ajantha Flats?

The Ajantha Flats property falls under the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Villivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When a property is sold, the buyer and seller must agree on a sale price, which should not be lower than the guideline value. This ensures transparency in property transactions and helps in maintaining a fair valuation of real estate in the area.

Frequently asked questions

What is the current guideline value of Ajantha Flats?

The current guideline value of Ajantha Flats is Rs 13,200 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 13,200 per sq.ft in 2024.

What is the land classification for Ajantha Flats?

Ajantha Flats is classified as Residential Class I Type - I, which indicates its designation for residential purposes.

What is the median guideline value in Villivakkam?

The median guideline value for the 372 streets in Villivakkam is Rs 4,900 per sq.ft, with Ajantha Flats' value being above this median.

Where is the Villivakkam Sub Registrar Office located?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.