Guideline Value for AVUDAIYAR THRID CROSS STREET

Avudaiyar Thrid Cross Street guideline value

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

How the guideline value of Avudaiyar Thrid Cross Street has changed

The guideline value for Avudaiyar Thrid Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which was then reduced to Rs 1,206 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,800 per sq.ft in the 2023 revision, and finally, it reached Rs 1,950 per sq.ft in the 2024 revision. Notably, the register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%. However, the value increased by 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects an increase of 8%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 8%.

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 equal to the current guideline value of Avudaiyar Thrid Cross Street.

• Avudaiyar Street: Rs 1,950 per sq.ft (2024)
• Avudaiyar Koil Third 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 Thrid Cross 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, totaling 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 more details.

Which Sub Registrar Office covers Avudaiyar Thrid Cross Street?

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

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

When buying or selling property in Ottiyampakkam, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is the minimum value set by the government for the purpose of registration, and it is used to calculate the applicable fees during the property transaction.

It is essential for buyers and sellers to be aware of the guideline value as it ensures transparency in property transactions. The registration office uses this value to assess the fees, which are based on the higher of the guideline value or the sale price, ensuring that the correct amount is collected during the registration process.

Frequently asked questions

What is the current guideline value of Avudaiyar Thrid Cross Street?

The current guideline value of Avudaiyar Thrid Cross 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 Thrid Cross Street?

Avudaiyar Thrid Cross Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where is the Selaiyur Sub Registrar Office 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.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 19,50,000, the stamp duty at 7% would be Rs 1,36,500.