Guideline Value for AMARAVATHI AVENUE

Amaravathi Avenue guideline value

The current guideline value of Amaravathi Avenue is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Karanaipuducheri village, under the Gooduvancheri SRO, and is classified as Mixed Type - II land.

How the guideline value of Amaravathi Avenue has changed

In the revisions of the guideline value, Amaravathi Avenue saw its first recorded figure in 2017 at Rs 1,005 per sq.ft. This value increased significantly to Rs 1,500 per sq.ft in both the 2023 and 2024 revisions, reflecting a total increase of 49% from the 2017 figure. Notably, the 2023 to 2024 revision showed no change, maintaining the value at Rs 1,500 per sq.ft.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. The overall change from 2017 to 2024 is a 49% increase, highlighting the consistency in the guideline value in recent revisions.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 400 to Rs 2,239 per sq.ft. The median value for these streets is Rs 802 per sq.ft, positioning Amaravathi Avenue's 2024 figure above this median.

• Abi Santhosh Nagar: Rs 800 per sq.ft (2024)
• Annai Tharesa Nagar: Rs 1,200 per sq.ft (2024)
• Aravind Annai Nagar: Rs 1,200 per sq.ft (2024)
• Aravind Annai Nagar-II: Rs 1,200 per sq.ft (2024)
• Ashthalakshmi Nagar: Rs 800 per sq.ft (2024)
• Bagavathi Nagar: Rs 701 per sq.ft (2024)

Stamp duty and registration fee for property in Amaravathi Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total fees to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Amaravathi Avenue?

The Sub Registrar Office that covers Amaravathi Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value serves as a benchmark for property transactions in Karanaipuducheri. When registering a property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that both the buyer and seller are aware of the official valuation of the property.

It is essential to understand that the guideline value is determined by the government and is subject to periodic revisions. This means that any changes in the guideline value can directly impact the costs associated with buying or selling property in the area.

Frequently asked questions

What is the current guideline value of Amaravathi Avenue?

The current guideline value of Amaravathi Avenue is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,500 per sq.ft from 2023 to 2024, while it increased from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023, marking a 49% increase overall from 2017 to 2024.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, totaling Rs 1,35,000.

Which Sub Registrar Office covers Amaravathi Avenue?

The Gooduvancheri Sub Registrar Office covers Amaravathi Avenue, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is the guideline value determined?

The guideline value is determined by the government and is revised periodically based on various factors. It serves as a reference point for property transactions, ensuring transparency and consistency in property valuations.