Guideline Value for AVP AVENUE PART V

Avp Avenue Part V guideline value

The current guideline value of Avp Avenue Part V in Adhanoor village is Rs 1,250 per sq.ft, effective from 1 July 2024. This property falls under the jurisdiction of the Gooduvancheri SRO and is classified as Residential Special Type - II.

How the guideline value of Avp Avenue Part V has changed

In the 2012 revision, the guideline value was set at Rs 1,250 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 837 per sq.ft, marking a -33% change. However, the value increased significantly in the 2023 revision to Rs 1,250 per sq.ft, which was maintained in the 2024 revision, resulting in a +49% increase from the 2017 figure.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for Avp Avenue Part V. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 1,250 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 a median value of Rs 1,000 per sq.ft. The guideline value of Avp Avenue Part V is above this median.

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

Stamp duty and registration fee for property in Avp Avenue Part V

For a 1,000 sq.ft plot at the current rate of Rs 1,250 per sq.ft, the guideline value amounts to Rs 12,50,000. The stamp duty at 7% would be Rs 87,500, and the registration fee at 2% would be Rs 25,000, bringing the total to Rs 1,12,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Avp Avenue Part V?

The Avp Avenue Part V is covered by 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 details.

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

The guideline value plays a crucial role during property registration in Adhanoor. It is used to determine the stamp duty and registration fees applicable to the property transaction. Buyers and sellers must be aware of this value as it directly impacts the overall cost of the transaction.

At the time of registration, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the transaction is compliant with local regulations.

Frequently asked questions

What is the current guideline value of Avp Avenue Part V?

The current guideline value of Avp Avenue Part V is Rs 1,250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent revision in 2024 maintaining the value at Rs 1,250 per sq.ft, which was also the figure in 2023. The value decreased to Rs 837 per sq.ft in 2017 from Rs 1,250 per sq.ft in 2012.

What is the land classification for Avp Avenue Part V?

Avp Avenue Part V is classified as Residential Special Type - II, indicating its suitability for residential development.

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

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

How is the stamp duty calculated for properties in Adhanoor?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value of Rs 1,250 per sq.ft would incur a total stamp duty and registration fee of Rs 1,12,500.