Guideline Value for AVUDAIAMMAN NAGAR

Avudaiamman Nagar guideline value

The current guideline value of Avudaiamman Nagar, located in Murugampakam village under the Madurandakam SRO, is Rs 250 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Avudaiamman Nagar has changed

Over the years, the guideline value for Avudaiamman Nagar has seen several revisions. The register shows the following figures: Rs 250 per sq.ft in 2024, Rs 250 per sq.ft in 2023, Rs 167 per sq.ft in 2017, and Rs 250 per sq.ft in 2012. There are no figures available for the revisions in 2002, 2003, and 2007. The most recent change from 2023 to 2024 reflects no percentage increase, while the increase from 2017 to 2023 was 50%. Notably, there was a decrease of 33% from 2012 to 2017, leading to an overall change of 0% from 2012 to 2024.

Guideline values in Murugampakam

In Murugampakam, three streets fall under the Madurandakam SRO with a 2024 guideline value ranging from Rs 100 to Rs 250 per sq.ft. The median value for these streets is Rs 101 per sq.ft, and Avudaiamman Nagar's 2024 figure is above this median.

• Robert Garden: Rs 101 per sq.ft (2024)
• Sri Balaji Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Avudaiamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, making the total charges Rs 22,500. 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 Avudaiamman Nagar?

The Sub Registrar Office that covers Avudaiamman Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Murugampakam. It is used to determine the stamp duty and registration fees that must be paid when registering a property. Buyers and sellers should be aware that the guideline value is based on the latest revisions and can impact the overall cost of the transaction.

When purchasing property, the guideline value is considered the minimum value for which the property can be registered. This ensures that the government receives appropriate revenue from property transactions, reflecting the value of the land as per the latest assessments.

Frequently asked questions

What is the current guideline value of Avudaiamman Nagar?

The current guideline value of Avudaiamman Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft in both 2023 and 2024, with a significant increase of 50% from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023. There was also a decrease of 33% from 2012 to 2017.

What is the land classification for Avudaiamman Nagar?

Avudaiamman Nagar is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property in Avudaiamman Nagar?

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 at 7%, and the registration fee would be Rs 5,000 at 2%, totaling Rs 22,500 in charges.

Where is the Sub Registrar Office for Avudaiamman Nagar located?

The Madurandakam Sub Registrar Office is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.