Guideline Value for AVVAI 4TH STREET

Avvai 4th Street guideline value

The current guideline value of Avvai 4th Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village under the Chennai South Joint I SRO, and it falls under the Residential Class IV Type - I land classification.

How the guideline value of Avvai 4th Street has changed

The guideline value for Avvai 4th Street has undergone several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 1,500 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 1,650 per sq.ft, marking a 10% increase from the 2012 revision.

There are no figures available for this street in the revisions from 2002, 2003, 2007, 2017, and 2023. Thus, the only changes noted are from the 2012 to the 2024 revision.

Guideline values in Pallikaranai

Pallikaranai has a total of 749 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, which is equal to the 2024 guideline value of Avvai 4th Street.

• Avvai 2nd Street: Rs 1,650 per sq.ft (2024)
• Avvai 1st Street: Rs 1,650 per sq.ft (2024)
• Avvai Street: Rs 1,650 per sq.ft (2024)
• Auto Nagar: Rs 1,320 per sq.ft (2024)
• Athipoorishwarar Koil Street: Rs 1,650 per sq.ft (2024)
• Athimoolam Nagar: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Avvai 4th Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Avvai 4th Street?

The Sub Registrar Office covering Avvai 4th Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Pallikaranai. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government collects the appropriate fees based on the property's value.

Frequently asked questions

What is the current guideline value of Avvai 4th Street?

The current guideline value of Avvai 4th Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, reflecting a 10% increase. There are no recorded figures for the years 2002, 2003, 2007, 2017, and 2023.

What are the guideline values of other streets in Pallikaranai?

Other streets in Pallikaranai have varying guideline values, with some streets like Avvai 1st Street and Avvai 2nd Street also at Rs 1,650 per sq.ft. The range for other streets goes from Rs 1,110 to Rs 8,580 per sq.ft.

How is stamp duty calculated for properties in Avvai 4th Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 1,48,500.

Where can I find my Sub Registrar Office?

The Sub Registrar Office for Avvai 4th Street is the Chennai South Joint I Sub Registrar Office. You can find more details and locate your SRO through the provided link.