Guideline Value for ARIO AVENUE

Ario Avenue guideline value

The current guideline value of Ario Avenue is Rs 650 per sq.ft. This street is located in Murugamangalam village, under the Gooduvancheri SRO, and is classified as Residential Special Type - III.

How the guideline value of Ario Avenue has changed

Over the years, the guideline value of Ario Avenue has seen several revisions. The most recent revision in 2023 set the guideline value at Rs 650 per sq.ft, which is an increase of 49% from the 2017 revision of Rs 435 per sq.ft. Prior to that, in 2012, the value was also Rs 650 per sq.ft, indicating no overall change from 2012 to 2023.

Looking back further, the 2017 revision saw a decrease of 33% from the 2012 figure. The register does not provide figures for the revisions in 2002, 2003, 2007, or 2024 for this street.

Guideline values in Murugamangalam

No specific village figures are provided for Murugamangalam. Currently, Ario Avenue is the only street mentioned under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Ario Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 650 per sq.ft, the total guideline value would be Rs 6,50,000. The stamp duty at 7% would amount to Rs 45,500, and the registration fee at 2% would be Rs 13,000, making the total cost for these charges Rs 58,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ario Avenue?

The Sub Registrar Office covering Ario 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 Murugamangalam

The guideline value is a crucial factor in the registration process of property transactions in Murugamangalam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized valuation.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property should be registered. This ensures transparency and compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of Ario Avenue?

The current guideline value of Ario Avenue is Rs 650 per sq.ft, as per the 2023 revision.

How much has the guideline value changed over the years?

From 2012 to 2017, the guideline value decreased by 33%, moving from Rs 650 per sq.ft to Rs 435 per sq.ft. However, from 2017 to 2023, it increased by 49%, returning to Rs 650 per sq.ft.

What is the land classification for Ario Avenue?

Ario Avenue is classified as Residential Special Type - III, indicating its designated use within the locality.

What are the fees for registering property in Ario Avenue?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total registration charges would amount to Rs 58,500.

Where is the Sub Registrar Office for Ario Avenue located?

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