Guideline Value for AVVAI NAGAR MAIN ROAD

Avvai Nagar Main Road guideline value

The current guideline value of Avvai Nagar Main Road is Rs 7,150 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Avvai Nagar Main Road has changed

The guideline value for Avvai Nagar Main Road has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 7,150 per sq.ft, which is a 10% increase from the 2023 revision of Rs 6,500 per sq.ft. Prior to that, in 2017, the value was Rs 4,355 per sq.ft, marking a significant increase of 49% from the previous 2023 figure. The 2012 revision also recorded a value of Rs 6,500 per sq.ft, which was a decrease of 33% from the 2017 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The changes reflect the evolving landscape of property values in the area, with the current value remaining below the median of Rs 9,900 per sq.ft for the 484 streets in Thiruvanmiyur under the Chennai South Joint I SRO.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, the guideline values range from Rs 3,520 to Rs 12,660 per sq.ft as of the 2024 revision. The current value of Avvai Nagar Main Road is below the median value of Rs 9,900 per sq.ft. Here are some other streets in Thiruvanmiyur:

• Avvai Nagar (Pandian Street): Rs 7,150 per sq.ft (2024)
• Avvai Nagar: Rs 7,150 per sq.ft (2024)
• Astalakshmi Kovil Street: Rs 7,150 per sq.ft (2024)
• Astalakshmi Garden: Rs 8,250 per sq.ft (2024)
• Astalakshmi Avenue: Rs 8,250 per sq.ft (2024)
• Arundale 3rd Street: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Avvai Nagar Main Road

For a 1,000 sq.ft plot at the current rate of Rs 7,150 per sq.ft, the guideline value amounts to Rs 71,50,000. The stamp duty at 7% would be Rs 5,00,500, and the registration fee at 2% would be Rs 1,43,000, bringing the total to Rs 6,43,500. 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 Avvai Nagar Main Road?

The Sub Registrar Office that covers Avvai Nagar Main Road 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 Thiruvanmiyur

The guideline value plays a crucial role in property transactions in Thiruvanmiyur. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must be aware of the latest guideline value to ensure compliance with the registration process.

When registering a property, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the correct revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Avvai Nagar Main Road?

The current guideline value of Avvai Nagar Main Road is Rs 7,150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,355 per sq.ft in 2017 to Rs 6,500 per sq.ft in 2023, and then to Rs 7,150 per sq.ft in 2024, marking a 10% increase from the previous year.

What is the land classification for Avvai Nagar Main Road?

The land classification for Avvai Nagar Main Road is Residential Class IV Type - I.

Where can I find the Sub Registrar Office for Avvai Nagar Main Road?

The Sub Registrar Office for Avvai Nagar Main Road 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.

How is the stamp duty calculated for properties in Avvai Nagar Main Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 6,43,500.