Guideline Value for AVP AVENUE PART -III -EXTENSION

Avp Avenue Part -III -Extension guideline value

The current guideline value of Avp Avenue Part -III -Extension is Rs 1,000 per sq.ft, effective from 1 July 2024. This property is located in Adhanoor village, under the Gooduvancheri Sub Registrar Office (SRO), with a land classification of Residential Special Type - I.

How the guideline value of Avp Avenue Part -III -Extension has changed

The guideline value for Avp Avenue Part -III -Extension has undergone several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then followed by a decrease to Rs 670 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased by 49%, bringing it back to Rs 1,000 per sq.ft. The current value remains unchanged from the 2023 revision, which also recorded Rs 1,000 per sq.ft.

In the years 2002, 2003, and 2007, the register has no figure for this street. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 1,000 per sq.ft.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 670 to Rs 3,000 per sq.ft, with the median being Rs 1,000 per sq.ft. Avp Avenue Part -III -Extension's 2024 figure is equal to this median.

• AVP Avenue Part IV: Rs 1,250 per sq.ft (2024)
• Avp Avenue Part I,II: Rs 1,000 per sq.ft (2024)
• Avp Avenue Parti Extn: Rs 1,000 per sq.ft (2024)
• A.V.P. Avenue: Rs 1,000 per sq.ft (2024)
• A.V.P Avenue Part-IV Extn-I: Rs 1,250 per sq.ft (2024)
• A.V.P Avenue Part IV Extn-II: Rs 1,250 per sq.ft (2024)

Stamp duty and registration fee for property in Avp Avenue Part -III -Extension

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, making a total of Rs 90,000. It is important to note that the 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 more details.

Which Sub Registrar Office covers Avp Avenue Part -III -Extension?

The Sub Registrar Office that covers Avp Avenue Part -III -Extension is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical figure used during the registration process of property transactions in Adhanoor. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that both buyers and sellers are aware of the financial implications of their transactions.

When a property is bought or sold, the guideline value helps determine the official value of the property for taxation purposes. This value is essential for both the buyer and seller to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Avp Avenue Part -III -Extension?

The current guideline value of Avp Avenue Part -III -Extension is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revisions in 2023 and 2024 showing no change, remaining at Rs 1,000 per sq.ft. The value increased by 49% from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023.

What is the land classification for Avp Avenue Part -III -Extension?

Avp Avenue Part -III -Extension is classified as Residential Special Type - I, indicating its suitability for residential development.

What is the stamp duty for property in Avp Avenue Part -III -Extension?

The stamp duty for property in Avp Avenue Part -III -Extension is calculated at 7% of the guideline value. For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000.

Where can I find the Sub Registrar Office for Avp Avenue Part -III -Extension?

The Gooduvancheri Sub Registrar Office covers Avp Avenue Part -III -Extension and is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.