Guideline Value for AJITH AVENUE

Ajith Avenue guideline value

The current guideline value of Ajith Avenue in Kumili village, under the Thiruporur SRO, is Rs 350 per sq.ft, effective from 1 July 2024. This street is classified as Residential Special Type - I.

How the guideline value of Ajith Avenue has changed

The guideline value for Ajith Avenue has seen several revisions over the years. The earliest recorded value was Rs 150 per sq.ft in 2012, which increased to Rs 100 per sq.ft in 2017. Following this, the value rose significantly by 250% to Rs 350 per sq.ft in 2023, and it remained unchanged at Rs 350 per sq.ft in the 2024 revision.

It is important to note that there are no recorded figures for Ajith Avenue in the revisions for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 133%.

Guideline values in Kumili

Kumili village features 21 streets under the Thiruporur SRO, with 2024 guideline values ranging from Rs 200 to Rs 1,800 per sq.ft. The median guideline value in this village is Rs 400 per sq.ft, placing Ajith Avenue's 2024 figure below that median.

• Drr Avenue: Rs 1,493 per sq.ft (2024)
• Hill Side Auro Nagar: Rs 250 per sq.ft (2024)
• Hill Side Auro Nagar Extension -1: Rs 250 per sq.ft (2024)
• Hillside Auro Nagar - Shri Ganesha Avenue: Rs 200 per sq.ft (2024)
• Hillside Auro Nagar - Shri Ganesha Avenue Extn.: Rs 200 per sq.ft (2024)
• Jai Nagar: Rs 1,000 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 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, bringing the total fees to Rs 31,500. 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 Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kumili. It serves as a reference for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property transaction occurs, the guideline value helps ensure that the property is registered at a value that reflects the official rates set by the government. This process aids in maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Ajith Avenue?

The current guideline value of Ajith Avenue is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Ajith Avenue has changed from Rs 150 per sq.ft in 2012 to Rs 350 per sq.ft in 2024, marking an overall increase of 133% from 2012 to 2024.

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

For a 1,000 sq.ft plot at the guideline value of Rs 350 per sq.ft, the total guideline value is Rs 3,50,000. The stamp duty would be Rs 24,500, and the registration fee would be Rs 7,000, totaling Rs 31,500.

Which office handles property registrations for Ajith Avenue?

The Thiruporur Sub Registrar Office handles property registrations for Ajith Avenue, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

Are there other streets with guideline values in Kumili?

Yes, there are 21 streets in Kumili with guideline values ranging from Rs 200 to Rs 1,800 per sq.ft. Ajith Avenue's guideline value is Rs 350 per sq.ft, which is below the median of Rs 400 per sq.ft for the village.