Guideline Value for AMUDAVALLI AVENUE

Amudavalli Avenue guideline value

The current guideline value of Amudavalli Avenue is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Amudavalli Avenue has changed

The guideline value for Amudavalli Avenue has seen several revisions over the years. In 2002, the guideline value was Rs 108 per sq.ft, which increased to Rs 119 per sq.ft in 2003, marking a 10% rise. The value then surged significantly to Rs 300 per sq.ft in 2007, reflecting a 152% increase. Following this, the value jumped to Rs 2,000 per sq.ft in 2012, a remarkable increase of 567%. However, it dropped to Rs 1,340 per sq.ft in 2017, representing a decrease of 33%. The guideline value then rose to Rs 2,000 per sq.ft in 2023, and finally increased by 10% to reach the current value of Rs 2,200 per sq.ft in 2024.

Overall, from 2002 to 2024, the guideline value has increased by 1,937%. There are no figures available for the revisions in years other than those listed.

Guideline values in Nerkundram

Nerkundram village has 476 streets under the Virugambakkam SRO, with guideline values ranging from Rs 1,650 to Rs 6,600 per sq.ft as of 2024. The median guideline value for these streets is Rs 2,200 per sq.ft, which is equal to the current guideline value of Amudavalli Avenue.

• Ambiga Nagar: Rs 2,200 per sq.ft (2024)
• Anbu Nagar 10th Street: Rs 2,750 per sq.ft (2024)
• Anbu Nagar 11th Street: Rs 2,750 per sq.ft (2024)
• Anbu Nagar 1st Street: Rs 2,750 per sq.ft (2024)
• Anbu Nagar 2nd Street: Rs 2,750 per sq.ft (2024)
• Anbu Nagar 3rd Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Amudavalli Avenue

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making a total of Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Amudavalli Avenue?

The Sub Registrar Office that covers Amudavalli Avenue is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Nerkundram. It is used to determine the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Amudavalli Avenue?

The current guideline value of Amudavalli Avenue is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2002, the guideline value of Amudavalli Avenue has increased from Rs 108 per sq.ft to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 1,937%.

What is the registration fee for property in Amudavalli Avenue?

The registration fee for property in Amudavalli Avenue is calculated at 2% of the guideline value. For a plot valued at Rs 22,00,000, the registration fee would be Rs 44,000.

Which office handles property registrations in Nerkundram?

The Virugambakkam Sub Registrar Office handles property registrations in Nerkundram. It is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in Amudavalli Avenue?

The stamp duty for properties in Amudavalli Avenue is charged at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000.