Guideline Value for ATHIVARADAR AVENUE

Athivaradar Avenue guideline value

The current guideline value of Athivaradar Avenue is Rs 3,700 per sq.ft, effective from 1 July 2024. This street is located in Varadarajapuram village and falls under the Padappai SRO with a land classification of Mixed Type - II.

How the guideline value of Athivaradar Avenue has changed

The guideline value for Athivaradar Avenue has seen significant changes over the years. The 2017 revision set the value at Rs 2,250 per sq.ft, which increased to Rs 3,359 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has further increased the value to Rs 3,700 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Varadarajapuram

In Varadarajapuram, there are 250 streets under the Padappai SRO that have a 2024 guideline value ranging from Rs 880 to Rs 4,100 per sq.ft, with a median value of Rs 1,650 per sq.ft. Athivaradar Avenue's 2024 figure of Rs 3,700 per sq.ft is above this median.

• Athivaradar Avenue Extension: Rs 3,700 per sq.ft (2024)
• Astalakshmi Nagar Extn I and II: Rs 1,650 per sq.ft (2024)
• Astalakshmi Nagar: Rs 1,650 per sq.ft (2024)
• Ashtalakshmi Nagar Extension - III: Rs 1,980 per sq.ft (2024)
• Ashok Nandavanam: Rs 1,980 per sq.ft (2024)
• Arunachalam Avenue: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Athivaradar Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 3,700 per sq.ft, the total guideline value would be Rs 37,00,000. The stamp duty at 7% would amount to Rs 2,59,000, and the registration fee at 2% would be Rs 74,000, bringing the total fees to Rs 3,33,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating your fees, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Athivaradar Avenue?

The Sub Registrar Office that covers Athivaradar Avenue is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Varadarajapuram. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. The values are updated periodically to reflect changes in the real estate market.

When registering a property, buyers and sellers must consider the guideline value as it influences the overall cost of the transaction. It is advisable to check the latest guideline values to ensure compliance with the registration requirements.

Frequently asked questions

What is the current guideline value of Athivaradar Avenue?

The current guideline value of Athivaradar Avenue is Rs 3,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,250 per sq.ft in 2017 to Rs 3,700 per sq.ft in 2024, marking a total increase of 64% over the years.

What is the stamp duty for property in Athivaradar Avenue?

The stamp duty for a property valued at Rs 37,00,000 would be Rs 2,59,000, calculated at 7% of the guideline value.

Where is the Sub Registrar Office for Athivaradar Avenue located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What are the other streets in Varadarajapuram with guideline values?

Other streets in Varadarajapuram include Athivaradar Avenue Extension, Astalakshmi Nagar Extn I and II, Astalakshmi Nagar, Ashtalakshmi Nagar Extension - III, Ashok Nandavanam, and Arunachalam Avenue, each with their respective guideline values for 2024.