Guideline Value for AVUDAI AMMAN NAGAR

Avudai Amman Nagar guideline value

The current guideline value of Avudai Amman Nagar is Rs 150 per sq.ft, effective from 1 July 2024. This area is located in Thangalperumpulam village, under the Ponneri Sub Registrar Office (SRO). The land classification for this street is Residential Class I Type - I.

How the guideline value of Avudai Amman Nagar has changed

According to the guideline value register, Avudai Amman Nagar had a revision in 2017, where the value was set at Rs 100 per sq.ft. This figure remained unchanged in the subsequent revisions of 2002, 2003, 2007, and 2012, as the register has no figure for this street in those years. In 2023, the guideline value was Rs 150 per sq.ft, which was the same in the 2024 revision, indicating no change from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a 50% increase in the guideline value. The transition from 2017 to 2023 saw a 50% rise, while the value remained stable from 2023 to 2024, with a change of +0%.

Guideline values in Thangalperumpulam

In Thangalperumpulam village, there are six streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 200 per sq.ft. The median guideline value for these streets is Rs 150 per sq.ft, which is equal to the 2024 figure for Avudai Amman Nagar.

• Apj Abdul Kalam Nagar: Rs 150 per sq.ft (2024)
• Aavudai Amman Nagar Extension-I: Rs 150 per sq.ft (2024)
• Aavudai Amman Nagar Extension: Rs 150 per sq.ft (2024)
• Vetrivel Nagar: Rs 100 per sq.ft (2024)
• Gomathi Amman Nagar Phase-I: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Avudai Amman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, making the total cost for these fees Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Avudai Amman Nagar?

The Sub Registrar Office that covers Avudai Amman Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor when registering a property in Thangalperumpulam, as it determines the minimum value at which a property can be sold or bought. This value is used to calculate the stamp duty and registration fees applicable during the transaction.

When a buyer or seller approaches the registration office, the guideline value helps ensure that the transaction is recorded accurately and fairly. It is essential for both parties to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Avudai Amman Nagar?

The current guideline value of Avudai Amman Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Avudai Amman Nagar has remained at Rs 150 per sq.ft from 2023 to 2024. It increased from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in 2023, marking a 50% increase overall from 2017 to 2024.

What is the land classification for Avudai Amman Nagar?

Avudai Amman Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles the registration of properties in Avudai Amman Nagar.

How is the stamp duty calculated for properties in Avudai Amman Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500 at a rate of 7%.