Guideline Value for AMERICAN ADVENT MISSION HOUSING COLONY

American Advent Mission Housing Colony guideline value

The current guideline value of American Advent Mission Housing Colony is Rs 2,725 per sq.ft, effective from 1 July 2024. This colony is located in Perumbakkam village, under the Selaiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of American Advent Mission Housing Colony has changed

The guideline value for American Advent Mission Housing Colony has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 2,500 per sq.ft. This was followed by a decrease to Rs 1,675 per sq.ft in 2017. The value then increased to Rs 2,500 per sq.ft in 2023, before reaching the current rate of Rs 2,725 per sq.ft in 2024.

From 2012 to 2017, there was a decrease of 33%. However, the value saw a significant increase of 49% from 2017 to 2023. The latest revision from 2023 to 2024 reflects a 9% increase. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft. The median value for these streets is Rs 2,725 per sq.ft, which is the same as the guideline value for American Advent Mission Housing Colony.

• American Advent Mission Nagar Main Road: Rs 2,725 per sq.ft (2024)
• Anandammal Nagar: Rs 2,725 per sq.ft (2024)
• aLADIAMMAN KOIL STREET: Rs 2,725 per sq.ft (2024)
• Aks Radiance Phase-II: Rs 3,300 per sq.ft (2024)
• Akiravini Street: Rs 850 per sq.ft (2024)
• A.D.P Avenue: Rs 2,725 per sq.ft (2024)

Stamp duty and registration fee for property in American Advent Mission Housing Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 2,725 per sq.ft, the total guideline value would be Rs 27,25,000. The stamp duty at 7% would amount to Rs 1,90,750, and the registration fee at 2% would be Rs 54,500, bringing the total fees together to Rs 2,45,250. 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 information.

Which Sub Registrar Office covers American Advent Mission Housing Colony?

The American Advent Mission Housing Colony falls under the Selaiyur Sub Registrar Office. The address is No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor during property registration in Perumbakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property transaction occurs.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and tax purposes. Buyers should be aware that the fees are calculated based on this guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of American Advent Mission Housing Colony?

The current guideline value of American Advent Mission Housing Colony is Rs 2,725 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,725 per sq.ft in 2024.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 27,25,000, the stamp duty would be Rs 1,90,750 and the registration fee would be Rs 54,500, totaling Rs 2,45,250.

Which Sub Registrar Office is responsible for American Advent Mission Housing Colony?

The Selaiyur Sub Registrar Office is responsible for American Advent Mission Housing Colony, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is essential for ensuring that the transaction is recorded at an appropriate value for legal and tax purposes.