Guideline Value for ANDAVAR AVENUE

Andavar Avenue guideline value

The current guideline value of Andavar Avenue is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kilkattalai village under the Pallavaram SRO, classified as Residential Class I Type - III.

How the guideline value of Andavar Avenue has changed

The guideline value for Andavar Avenue has undergone several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was a decrease of 33% from the Rs 1,340 per sq.ft recorded in the 2017 revision. The 2023 revision increased the value to Rs 2,000 per sq.ft, and the latest revision in 2024 raised it further to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 in the register for Andavar Avenue. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Kilkattalai

Kilkattalai village has a total of 194 streets under the Pallavaram SRO, with guideline values ranging from Rs 1,080 to Rs 5,500 per sq.ft as of 2024. The median guideline value in the village is Rs 2,530 per sq.ft, which means that the guideline value of Andavar Avenue is below this median.

• Anbu Nagar: Rs 2,200 per sq.ft (2024)
• Ambal Nagar Main Road: Rs 4,125 per sq.ft (2024)
• Ambal Nagar Extension: Rs 4,125 per sq.ft (2024)
• Ambal Nagar 1 To 24 Streets: Rs 4,125 per sq.ft (2024)
• Almighty Nagar: Rs 1,980 per sq.ft (2024)
• Alandur Main Road: Rs 4,125 per sq.ft (2024)

Stamp duty and registration fee for property in Andavar Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000. Together, the total cost for these fees would be 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Andavar Avenue?

The Sub Registrar Office that covers Andavar Avenue is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Kilkattalai. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay when transferring property ownership.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that the transaction is recorded accurately and legally. This value helps maintain transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Andavar Avenue?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024, with various revisions in between, including a notable increase of 49% from 2017 to 2023.

What is the land classification of Andavar Avenue?

Andavar Avenue is classified as Residential Class I Type - III, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Andavar Avenue?

The Sub Registrar Office for Andavar Avenue is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Andavar Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at a rate of 7%.