Guideline Value for AVUDAIYAR KOIL STREET

Avudaiyar Koil Street guideline value

The current guideline value of Avudaiyar Koil Street is Rs 1,950 per sq.ft, effective from 1 July 2024. This street is located in Ottiyampakkam village, under the Selaiyur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Avudaiyar Koil Street has changed

The guideline value for Avudaiyar Koil Street has seen several revisions over the years. The earliest registered figure is from 2012, where the value was Rs 1,800 per sq.ft. This figure remained the same in the subsequent revision in 2017, but it dropped to Rs 1,206 per sq.ft. By 2023, the value increased significantly to Rs 1,800 per sq.ft, and the most recent revision in 2024 set the value at Rs 1,950 per sq.ft, marking an 8% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value rose by 49%. Overall, from 2012 to 2024, the guideline value has increased by 8%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ottiyampakkam

In Ottiyampakkam, there are 88 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 1,300 to Rs 4,300 per sq.ft. The median guideline value for these streets is Rs 1,950 per sq.ft, which is the same as the 2024 figure for Avudaiyar Koil Street.

• Avudaiyar Koil Second Street: Rs 1,950 per sq.ft (2024)
• Avudaiyar Koil Third Street: Rs 1,950 per sq.ft (2024)
• Avudaiyar Koil First Street: Rs 1,950 per sq.ft (2024)
• Avudaiyar Street: Rs 1,950 per sq.ft (2024)
• Avudaiyar First Cross Street: Rs 1,950 per sq.ft (2024)
• Avudaiyar Thrid Cross Street: Rs 1,950 per sq.ft (2024)

Stamp duty and registration fee for property in Avudaiyar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,950 per sq.ft, the total guideline value would be Rs 19,50,000. The stamp duty, calculated at 7%, amounts to Rs 1,36,500, and the registration fee at 2% is Rs 39,000, bringing the total cost to Rs 1,75,500. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Avudaiyar Koil Street?

The Sub Registrar Office that covers Avudaiyar Koil Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during property registration in Ottiyampakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in assessing the fair value of the property. It is crucial for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the transaction process.

Frequently asked questions

What is the current guideline value of Avudaiyar Koil Street?

The current guideline value of Avudaiyar Koil Street is Rs 1,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,950 per sq.ft in 2024.

What is the land classification for Avudaiyar Koil Street?

Avudaiyar Koil Street is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Avudaiyar Koil Street?

The Selaiyur Sub Registrar Office covers Avudaiyar Koil Street and is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in Avudaiyar Koil Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 1,36,500.