Guideline Value for AVUDAIYAR STREET

Avudaiyar Street guideline value

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

How the guideline value of Avudaiyar Street has changed

Over the years, the guideline value of Avudaiyar Street has seen several revisions. The 2012 revision set the value at Rs 1,800 per sq.ft, which remained unchanged until the 2017 revision when it decreased to Rs 1,206 per sq.ft. Following this, the 2023 revision increased the value to Rs 1,800 per sq.ft, and the latest 2024 revision raised it further to Rs 1,950 per sq.ft, marking an 8% increase from the previous year.

From the 2017 revision to 2023, the value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been an 8% increase. 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 with a 2024 guideline value ranging from Rs 1,300 to Rs 4,300 per sq.ft. The median value for these streets is Rs 1,950 per sq.ft, which is equal to the guideline value of Avudaiyar Street.

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

Stamp duty and registration fee for property in Avudaiyar 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 at 7% would amount to Rs 1,36,500, and the registration fee at 2% would be Rs 39,000, bringing the total charges to Rs 1,75,500. It is important to 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 further calculations.

Which Sub Registrar Office covers Avudaiyar Street?

The Sub Registrar Office that covers Avudaiyar 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 when registering property transactions in Ottiyampakkam. It determines the minimum price at which a property can be registered and is used to calculate stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should always refer to the latest guideline values to ensure compliance with registration norms.

Frequently asked questions

What is the current guideline value of Avudaiyar Street?

The current guideline value of Avudaiyar 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 back 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 Street?

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

What are the stamp duty and registration fees for property in Avudaiyar Street?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total charges would be Rs 1,75,500.

Where is the Sub Registrar Office for Avudaiyar Street located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.