Guideline Value for AVVAI DURAISAMY STREET (WARD -4)

Avvai Duraisamy Street (Ward -4) guideline value

The current guideline value of Avvai Duraisamy Street (Ward -4) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Panangottur village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - V.

How the guideline value of Avvai Duraisamy Street (Ward -4) has changed

The guideline value for Avvai Duraisamy Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,200 per sq.ft in 2023, and then to Rs 1,320 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. Overall, when considering the period from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 990 per sq.ft, placing Avvai Duraisamy Street's 2024 guideline value above this median.

• Avvaiyar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Ayya Nagar (Sa): Rs 440 per sq.ft (2024)
• Azhahiri Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Bajanai Koil Street (Ward -15): Rs 440 per sq.ft (2024)
• Bajanai Koil Street (Ward -17): Rs 550 per sq.ft (2024)
• Bajanai Koil Street (Ward -19): Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Avvai Duraisamy Street (Ward -4)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Avvai Duraisamy Street (Ward -4)?

The Sub Registrar Office that covers Avvai Duraisamy Street (Ward -4) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Panangottur. It serves as a benchmark for determining the amount of stamp duty and registration fees payable at the time of registration.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Avvai Duraisamy Street (Ward -4)?

The current guideline value of Avvai Duraisamy Street (Ward -4) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the 2012 value at Rs 1,200 per sq.ft, dropping to Rs 804 per sq.ft in 2017, then rising to Rs 1,200 per sq.ft in 2023, and finally reaching Rs 1,320 per sq.ft in 2024.

What are the other streets in Panangottur with their guideline values?

Other streets in Panangottur include Avvaiyar Street and Azhahiri Street, both at Rs 1,320 per sq.ft, along with Ayya Nagar at Rs 440 per sq.ft, and various Bajanai Koil Streets with values ranging from Rs 440 to Rs 550 per sq.ft.

What is the registration fee for properties in Avvai Duraisamy Street?

The registration fee for properties in Avvai Duraisamy Street is calculated based on the guideline value. For example, for a property valued at Rs 13,20,000, the registration fee would be Rs 26,400.

Where can I find the Sub Registrar Office for Avvai Duraisamy Street?

The Sub Registrar Office for Avvai Duraisamy Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by visiting the relevant link.