Guideline Value for AVVAI NAGAR 2ND STREET

Avvai Nagar 2nd Street guideline value

The current guideline value of Avvai Nagar 2nd Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class II Type - II.

How the guideline value of Avvai Nagar 2nd Street has changed

The guideline value for Avvai Nagar 2nd Street has seen several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in 2012, marking a rise of 483%. However, by 2017, the value dropped to Rs 2,345 per sq.ft, a decrease of 33%. The value then rose again to Rs 3,500 per sq.ft in 2023, followed by a further increase to Rs 3,800 per sq.ft in 2024, reflecting a change of 9% from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 533%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO with 2024 guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, placing Avvai Nagar 2nd Street's 2024 figure above this median.

• Avvai Nagar 1st Street: Rs 3,800 per sq.ft (2024)
• Avvai Nagar: Rs 3,800 per sq.ft (2024)
• Avvai Nagar 3rd Street: Rs 3,800 per sq.ft (2024)
• Avvai Street: Rs 3,800 per sq.ft (2024)
• Azad Street: Rs 2,700 per sq.ft (2024)
• Azhagiri Samy 1st Lane: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Avvai Nagar 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, totaling Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Avvai Nagar 2nd Street?

The Sub Registrar Office that covers Avvai Nagar 2nd Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perambur. It helps determine the stamp duty and registration fees that are applicable, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction.

When a property is registered, the guideline value is used as a benchmark to calculate the necessary fees. This ensures that the transaction adheres to the legal requirements set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Avvai Nagar 2nd Street?

The current guideline value of Avvai Nagar 2nd Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 533% over the years.

What is the land classification for Avvai Nagar 2nd Street?

Avvai Nagar 2nd Street is classified as Residential Class II Type - II.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total fee of Rs 3,42,000 based on the current guideline value.

Where can I find the Sub Registrar Office for Avvai Nagar 2nd Street?

The Sub Registrar Office for Avvai Nagar 2nd Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.