Guideline Value for AS AVENUE

As Avenue guideline value

The current guideline value of As Avenue in Mannivakkam village, under the Gooduvancheri SRO, is Rs 330 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class IV Type - I.

How the guideline value of As Avenue has changed

The guideline value of As Avenue has seen significant changes over the years. In the 2017 revision, the value was Rs 1,675 per sq.ft. However, by the 2023 revision, it dropped to Rs 300 per sq.ft, marking a decrease of 82%. The most recent 2024 revision increased the value to Rs 330 per sq.ft, reflecting a change of 10% from the previous year.

Overall, from 2017 to 2024, the guideline value has decreased by 80%. The register does not have figures for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mannivakkam

In Mannivakkam, there are 118 streets under the Gooduvancheri SRO with guideline values ranging from Rs 330 to Rs 4,300 per sq.ft. The median guideline value for these streets is Rs 1,215 per sq.ft, which means that As Avenue's 2024 figure is below this median.

• Ashtalakhmi Nagar: Rs 990 per sq.ft (2024)
• Auditors Colony / Officers Garden: Rs 990 per sq.ft (2024)
• Anna Street: Rs 990 per sq.ft (2024)
• Andal Nagar: Rs 1,320 per sq.ft (2024)
• Amman Nagar: Rs 990 per sq.ft (2024)
• Ambethkar Street: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in As Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty is charged at 7%, which amounts to Rs 23,100, and the registration fee at 2% is Rs 6,600. Together, the total cost for stamp duty and registration fee would be Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers As Avenue?

The Sub Registrar Office that covers As 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 online for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mannivakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is used to determine the applicable stamp duty and registration fees. This process helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of As Avenue?

The current guideline value of As Avenue is Rs 330 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, decreasing from Rs 1,675 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, and then increasing to Rs 330 per sq.ft in 2024.

What is the classification of land in As Avenue?

As Avenue is classified as Residential Class IV Type - I, which indicates its intended use for residential purposes.

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

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

How is stamp duty calculated for properties in Mannivakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 3,30,000, the stamp duty would be 7% of that amount.