Guideline Value for AVP AVENUE PART I,II

Avp Avenue Part I,II guideline value

The current guideline value of Avp Avenue Part I, II is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Adhanoor village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Avp Avenue Part I,II has changed

The guideline value for Avp Avenue Part I, II has undergone several revisions over the years. The most recent revision in 2024 maintains the guideline value at Rs 1,000 per sq.ft, which was also the figure set in the 2023 revision. Prior to that, in 2017, the guideline value was Rs 670 per sq.ft, marking a significant increase of 49% from 2017 to 2023. The 2012 revision also set the guideline value at Rs 1,000 per sq.ft, but there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 1,000 per sq.ft.

The register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the changes in guideline value are only noted from the revisions in 2012, 2017, 2023, and 2024.

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. The median guideline value for these streets is Rs 1,000 per sq.ft, which is equal to the current guideline value of Avp Avenue Part I, II.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total 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, bringing the total fees to Rs 90,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Avp Avenue Part I,II?

The Sub Registrar Office that covers Avp Avenue Part I, II is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, 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 Adhanoor

The guideline value is a crucial factor in the registration process when buying or selling property in Adhanoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is considered alongside the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Avp Avenue Part I, II?

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

How has the guideline value changed over the years?

The guideline value for Avp Avenue Part I, II has remained at Rs 1,000 per sq.ft from 2012 to 2024, with a significant increase from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023. There was a decrease from 2012 to 2017, but overall, the value is unchanged from 2012 to 2024.

Where can I find the registration office for Avp Avenue Part I, II?

The registration office for Avp Avenue Part I, II is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

What are the stamp duty and registration fees for properties in Avp Avenue Part I, II?

For a property with a guideline value of Rs 10,00,000, the stamp duty would be Rs 70,000, and the registration fee would be Rs 20,000, totaling Rs 90,000. These fees are calculated based on the higher of the guideline value or the sale price.

What are the other streets in Adhanoor with their guideline values?

Other streets in Adhanoor include Avp Avenue Parti Extn, A.V.P. Avenue, Avp Avenue Part -III -Extension, AVP Avenue Part IV, A.V.P Avenue Part-IV Extn-I, and A.V.P Avenue Part IV Extn-II, with values ranging from Rs 1,000 to Rs 1,250 per sq.ft in 2024.