Guideline Value for AJS AVENUE

Ajs Avenue guideline value

The current guideline value of Ajs Avenue in Illaloor village, under the Thiruporur SRO, is Rs 739 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - III.

How the guideline value of Ajs Avenue has changed

The guideline value for Ajs Avenue has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 450 per sq.ft. This value increased to Rs 672 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 739 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for Ajs Avenue for the years 2002, 2003, 2007, 2012.

Guideline values in Illaloor

In Illaloor, there are 17 streets under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 2,100 per sq.ft. The median value among these streets is Rs 1,150 per sq.ft, indicating that Ajs Avenue's 2024 figure is below this median.

• Adhithyaa Promoters Varam Phase II: Rs 1,971 per sq.ft (2024)
• Adhithyaa Promoters Varam Phase I: Rs 1,315 per sq.ft (2024)
• Grand Central Manickam Nagar Phase I: Rs 550 per sq.ft (2024)
• Omr Golden City: Rs 1,150 per sq.ft (2024)
• Saithra Avenue: Rs 739 per sq.ft (2024)
• Serasa Greens: Rs 1,396 per sq.ft (2024)

Stamp duty and registration fee for property in Ajs Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 739 per sq.ft, the total guideline value amounts to Rs 7,39,000. The stamp duty is calculated at 7%, resulting in Rs 51,730, while the registration fee at 2% amounts to Rs 14,780. Together, the total fees would be Rs 66,510. It's 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 Ajs Avenue?

The Sub Registrar Office that covers Ajs 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Illaloor. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

Frequently asked questions

What is the current guideline value of Ajs Avenue?

The current guideline value of Ajs Avenue is Rs 739 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 450 per sq.ft to Rs 739 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the stamp duty and registration fees for Ajs Avenue?

The stamp duty for a property in Ajs Avenue is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees amount to Rs 66,510.

Which office handles property registrations for Ajs Avenue?

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

How is the guideline value determined for properties in Illaloor?

The guideline value for properties in Illaloor is determined by the Registration Department's guideline value register. It is revised periodically to reflect changes in the market and land classification.