Guideline Value for APARNA AVENUE

Aparna Avenue guideline value

The current guideline value of Aparna Avenue in Thangi village is Rs 300 per sq.ft, effective from 1 July 2024. This property falls under the Walajabad Sub Registrar Office (SRO) and is classified as Residential Special Type - III.

How the guideline value of Aparna Avenue has changed

The guideline value for Aparna Avenue has seen several revisions over the years. The most recent revision in 2024 maintains the value at Rs 300 per sq.ft, which was also the figure in 2023. Prior to that, the 2017 revision set the value at Rs 201 per sq.ft, reflecting a significant increase of 49% from 2017 to 2023. The 2012 revision also had a value of Rs 300 per sq.ft, showing a decrease of 33% when compared to the 2017 figure. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 300 per sq.ft.

For the years 2002, 2003, and 2007, the register has no figure for this street. This indicates that the guideline value for Aparna Avenue was not recorded during those revisions.

Guideline values in Thangi

In Thangi village, six streets under the Walajabad SRO have a 2024 guideline value ranging from Rs 126 to Rs 300 per sq.ft. The median value for these streets is Rs 225 per sq.ft, placing Aparna Avenue's 2024 figure above that median.

• Anugragham Nagar Ext: Rs 250 per sq.ft (2024)
• Sri Kumaran Avenue: Rs 126 per sq.ft (2024)
• Subiksham Nagar: Rs 200 per sq.ft (2024)
• Thirukumaran Avenue: Rs 126 per sq.ft (2024)
• Vetri Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Aparna Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, resulting in a total of Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aparna Avenue?

The Sub Registrar Office that covers Aparna Avenue is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Thangi. It serves as a benchmark for determining the stamp duty and registration fees applicable to the sale or purchase of property.

When a property is sold or purchased, the guideline value is compared to the sale price, and the higher value is used to calculate the applicable duties and fees. This ensures that the registration process is transparent and standardized across transactions.

Frequently asked questions

What is the current guideline value of Aparna Avenue?

The current guideline value of Aparna Avenue is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft since 2012, with a significant increase from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023. The value has not changed from 2023 to 2024.

What are the guideline values of other streets in Thangi?

Other streets in Thangi have varying guideline values, with rates ranging from Rs 126 to Rs 300 per sq.ft. The median value for these streets is Rs 225 per sq.ft.

How is stamp duty calculated for property in Aparna Avenue?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 at 7%.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the Walajabad Sub Registrar Office located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.