Guideline Value for ALMIGHTY AVENUE

Almighty Avenue guideline value

The current guideline value of Almighty Avenue in Vilangadupakkam village is Rs 440 per sq.ft, effective from 1 July 2024. This area falls under the Redhills SRO and is classified as Residential Class III Type - I.

How the guideline value of Almighty Avenue has changed

The guideline value for Almighty Avenue has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 400 per sq.ft. This was followed by a decrease to Rs 268 per sq.ft in 2017. The value then increased significantly to Rs 400 per sq.ft in 2023, and finally, it rose to Rs 440 per sq.ft in 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

Between the revisions, the changes are notable. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 shows a modest increase of 10%.

Guideline values in Vilangadupakkam

In Vilangadupakkam, there are 160 streets under the Redhills SRO carrying a 2024 guideline value ranging from Rs 365 to Rs 1,792 per sq.ft. The median value is Rs 440 per sq.ft, which is equal to the current guideline value of Almighty Avenue.

• Al-Amman Nagar (@) Al.Ameen Nagar: Rs 440 per sq.ft (2024)
• Al Ameen Nagar: Rs 440 per sq.ft (2024)
• Amman Nagar: Rs 440 per sq.ft (2024)
• Anandhi Nagar: Rs 440 per sq.ft (2024)
• Abinaya Nagar: Rs 440 per sq.ft (2024)
• Annai Nagar: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Almighty Avenue

For a 1,000 sq.ft plot at the current rate of Rs 440 per sq.ft, the guideline value would be Rs 4,40,000. The stamp duty, calculated at 7%, amounts to Rs 30,800, while the registration fee at 2% totals Rs 8,800. Together, these fees would be Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Almighty Avenue?

The Sub Registrar Office that covers Almighty Avenue is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Vilangadupakkam. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that the property is not undervalued during the sale.

When buying or selling property, the guideline value is used to calculate applicable fees such as stamp duty and registration fees. This ensures that the transaction is recorded accurately and legally, reflecting the property's value as determined by the local authorities.

Frequently asked questions

What is the current guideline value of Almighty Avenue?

The current guideline value of Almighty Avenue is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification of Almighty Avenue?

Almighty Avenue is classified as Residential Class III Type - I.

Where can I find the Redhills Sub Registrar Office?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated on properties in Vilangadupakkam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800 at a rate of 7%.