Guideline Value for AVICHI HOMES ''MEENAKSHI GARDEN''

Avichi Homes ''meenakshi Garden'' guideline value

The current guideline value for Avichi Homes ''meenakshi Garden'' is Rs 2,205 per sq.ft, effective from 1 July 2024. This property is located in Kalavakkam village, under the Thiruporur SRO, and is classified as Mixed Type - II land.

How the guideline value of Avichi Homes ''meenakshi Garden'' has changed

In the 2023 revision, the guideline value was set at Rs 2,000 per sq.ft. This represents an increase of 10% to the current figure of Rs 2,205 per sq.ft in the 2024 revision. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, the only available revisions for Avichi Homes ''meenakshi Garden'' are from 2023 and 2024, showing a clear upward movement in the guideline value over this one-year period.

Guideline values in Kalavakkam

In Kalavakkam, there are 27 streets under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 1,816 to Rs 4,250 per sq.ft. The median guideline value for these streets is Rs 2,463 per sq.ft, placing the 2024 figure for Avichi Homes ''meenakshi Garden'' below this median.

• Doctor Eden: Rs 2,463 per sq.ft (2024)
• Doctors Eden Phase - II: Rs 1,980 per sq.ft (2024)
• Happinest: Rs 2,873 per sq.ft (2024)
• Happinest Phase II: Rs 1,925 per sq.ft (2024)
• Happinest Phase III: Rs 2,873 per sq.ft (2024)
• Happinest Phase IV: Rs 2,873 per sq.ft (2024)

Stamp duty and registration fee for property in Avichi Homes ''meenakshi Garden''

For a 1,000 sq.ft plot at the current guideline value of Rs 2,205 per sq.ft, the total guideline value would be Rs 22,05,000. The stamp duty at 7% would amount to Rs 1,54,350, and the registration fee at 2% would be Rs 44,100, bringing the total amount for these fees to Rs 1,98,450. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Avichi Homes ''meenakshi Garden''?

The Avichi Homes ''meenakshi Garden'' property falls under the jurisdiction of the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in property transactions in Kalavakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid during the registration process.

It is essential for buyers and sellers to be aware of the guideline value as it impacts the overall cost of the transaction. Accurate knowledge of the guideline value ensures that all parties involved comply with the legal requirements of property registration.

Frequently asked questions

What is the current guideline value of Avichi Homes ''meenakshi Garden''?

The current guideline value of Avichi Homes ''meenakshi Garden'' is Rs 2,205 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2023 to Rs 2,205 per sq.ft in 2024, reflecting an increase of 10%.

What are the other streets in Kalavakkam and their guideline values?

Other streets in Kalavakkam include Doctor Eden at Rs 2,463 per sq.ft, Doctors Eden Phase - II at Rs 1,980 per sq.ft, and several phases of Happinest, ranging from Rs 1,925 to Rs 2,873 per sq.ft.

How is stamp duty calculated for properties in Avichi Homes ''meenakshi Garden''?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a plot of 1,000 sq.ft, the stamp duty would amount to Rs 1,54,350 based on the current guideline value.

Where can I find the Sub Registrar Office for Avichi Homes ''meenakshi Garden''?

The Sub Registrar Office covering Avichi Homes ''meenakshi Garden'' is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.