Guideline Value for AJITH AVENUE

Ajith Avenue guideline value

The current guideline value of Ajith Avenue is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Kadaperi village, under the Madurandakam SRO. The land classification for this area is Mixed Type - I.

How the guideline value of Ajith Avenue has changed

Over the years, the guideline value of Ajith Avenue has seen significant changes. The 2017 revision set the guideline value at Rs 670 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2023 revision, reflecting a 49% rise. The latest revision in 2024 has further increased the guideline value to Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Kadaperi

In Kadaperi, there are 24 streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 1,100 per sq.ft. The median value among these streets is Rs 550 per sq.ft, positioning Ajith Avenue's 2024 figure above this median.

• Amrith Nagar: Rs 550 per sq.ft (2024)
• Bhavani Nagar Alias Sun City: Rs 740 per sq.ft (2024)
• Housing Board: Rs 440 per sq.ft (2024)
• Kadapperi Bajanai Koil Street: Rs 550 per sq.ft (2024)
• Kadapperi Bharathi Street: Rs 550 per sq.ft (2024)
• Kadapperi Gurukkal Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Ajith Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost for these fees to Rs 99,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ajith Avenue?

The Sub Registrar Office that covers Ajith Avenue is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Kadaperi. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property. Buyers and sellers must consider this value to ensure compliance with local regulations and avoid any legal issues during the registration process.

Frequently asked questions

What is the current guideline value of Ajith Avenue?

The current guideline value of Ajith Avenue is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 64%.

What are the other streets in Kadaperi with their guideline values?

Other streets in Kadaperi include Amrith Nagar at Rs 550 per sq.ft, Bhavani Nagar Alias Sun City at Rs 740 per sq.ft, and Housing Board at Rs 440 per sq.ft, among others.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 11,00,000, with a stamp duty of Rs 77,000 and a registration fee of Rs 22,000, totaling Rs 99,000.

Which office handles property registrations for Ajith Avenue?

The Madurandakam Sub Registrar Office handles property registrations for Ajith Avenue, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.