Guideline Value for ARK Aveune

ARK Aveune guideline value

The current guideline value of ARK Aveune in Agraharam Male village is Rs 770 per sq.ft, effective from 1 July 2024. This area falls under the Poonamallee SRO and is classified as Residential Class I Type - I.

How the guideline value of ARK Aveune has changed

The guideline value for ARK Aveune has seen several revisions over the years. The 2012 revision recorded a value of Rs 700 per sq.ft, which then decreased to Rs 469 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 700 per sq.ft in 2023, and then to Rs 770 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%, bringing the current figure to Rs 770 per sq.ft, which aligns with the median value of other streets in the village.

Guideline values in Agraharam Male

In Agraharam Male, there are 16 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 1,400 per sq.ft. The median value for these streets is Rs 770 per sq.ft, which is the same as the guideline value for ARK Aveune. Below are the guideline values for other streets in Agraharam Male:

• Bethel Nagar: Rs 770 per sq.ft (2024)
• Bethel Nagar Annex: Rs 770 per sq.ft (2024)
• Grace Garden: Rs 770 per sq.ft (2024)
• Mid Town Avenue: Rs 1,100 per sq.ft (2024)
• Shaloom Avenue: Rs 770 per sq.ft (2024)
• Sri Chethan Avenue: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in ARK Aveune

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400. Together, these fees total Rs 69,300. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers ARK Aveune?

The Sub Registrar Office that covers ARK Aveune is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. To find your specific SRO, you can visit this link: find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Agraharam Male. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the official valuation rather than potentially inflated sale prices.

When buying or selling property, both the buyer and seller must consider the guideline value as it directly impacts the financial obligations associated with the transaction. This ensures transparency and compliance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of ARK Aveune?

The current guideline value of ARK Aveune is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What is the land classification for ARK Aveune?

ARK Aveune is classified as Residential Class I Type - I, indicating its suitability for residential development.

How is stamp duty calculated for properties in ARK Aveune?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 770 per sq.ft incurs a stamp duty of Rs 53,900.

Where can I find the Sub Registrar Office for ARK Aveune?

The Sub Registrar Office for ARK Aveune is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.