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 Sattamangalam 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 seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 804 per sq.ft. The value remained at Rs 1,200 per sq.ft until the 2023 revision, which increased it to Rs 1,200 per sq.ft. The latest revision in 2024 raised the value to Rs 1,320 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value across these streets is Rs 1,100 per sq.ft, placing Avvai Duraisamy Street's 2024 figure above the median.

• Avvaiyar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Ayya Nagar (Sa): Rs 660 per sq.ft (2024)
• Ayyappa Nagar: Rs 660 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)

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 fees to Rs 1,18,800. It is essential to note that 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 details.

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. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration of property transactions in Sattamangalam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that all transactions are documented at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

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 changed from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024, which is a 10% increase. From 2017 to 2023, it increased by 49%, and from 2012 to 2017, it decreased by 33%.

What is the stamp duty for property in Avvai Duraisamy Street (Ward -4)?

The stamp duty for property in Avvai Duraisamy Street is calculated at 7% of the guideline value. For a property valued at Rs 13,20,000, the stamp duty would amount to Rs 92,400.

Which registration office covers Avvai Duraisamy Street (Ward -4)?

The Chengleput Joint II Sub Registrar Office covers Avvai Duraisamy Street (Ward -4). It is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification for Avvai Duraisamy Street (Ward -4)?

The land classification for Avvai Duraisamy Street (Ward -4) is Residential Special Type - V, indicating its designated use for residential purposes.