Guideline Value for AVM NAGAR

Avm Nagar guideline value

The current guideline value of Avm Nagar is Rs 220 per sq.ft, effective from 1 July 2024. This area is located in Matharpakkam village under the Gummidipoondi SRO, classified as Residential Class II Type - I.

How the guideline value of Avm Nagar has changed

Over the years, the guideline value for Avm Nagar has seen significant changes. The most recent revision in 2024 set the guideline value at Rs 220 per sq.ft, a decrease of 37% from the previous year's figure of Rs 348 per sq.ft in 2023. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

The 2023 revision marked a notable high at Rs 348 per sq.ft. Prior to that, there are no recorded figures for the revisions in the years 2017, 2012, 2007, 2003, and 2002. Therefore, the only available figures are from 2023 and 2024.

Guideline values in Matharpakkam

Avm Nagar is one of the streets in Matharpakkam, which currently has a guideline value of Rs 220 per sq.ft. Below are the other streets in Matharpakkam under the Gummidipoondi SRO:

• Vivekanandha Nagar Phase I: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Avm Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value would be Rs 2,20,000. The stamp duty at 7% would amount to Rs 15,400, and the registration fee at 2% would be Rs 4,400, bringing the total fees to Rs 19,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Avm Nagar?

The Sub Registrar Office covering Avm Nagar is the Gummidipoondi Sub Registrar Office, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Matharpakkam, as it determines the minimum value at which property transactions can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

Additionally, the guideline value influences the stamp duty and registration fees payable at the time of property transactions. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Avm Nagar?

The current guideline value of Avm Nagar is Rs 220 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value decreased by 37% from Rs 348 per sq.ft in 2023 to Rs 220 per sq.ft in 2024.

What is the land classification of Avm Nagar?

Avm Nagar is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Avm Nagar?

The Gummidipoondi Sub Registrar Office, which covers Avm Nagar, is located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty is charged at 7% and the registration fee at 2% on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 19,800.