Guideline Value for AVVAI NAGAR

Avvai Nagar guideline value

The current guideline value of Avvai Nagar, located in Kayirambedu village under the Chengleput Joint II SRO, is Rs 700 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Special Type - II land classification.

How the guideline value of Avvai Nagar has changed

The guideline value for Avvai Nagar has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 200 per sq.ft, which increased significantly to Rs 700 per sq.ft in the 2012 revision. However, it then decreased to Rs 469 per sq.ft in the 2017 revision, before rising again to Rs 700 per sq.ft in both the 2023 and 2024 revisions. It is important to note that the register has no figures for this street for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%, while the jump from 2007 to 2012 was a substantial 250%. Overall, from 2007 to 2024, the guideline value has increased by 250%, with no change from 2023 to 2024.

Guideline values in Kayirambedu

In Kayirambedu, there are 120 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,550 per sq.ft. The median value is Rs 700 per sq.ft, which is equal to the guideline value of Avvai Nagar.

• Avp Kanagam Avenue Phase - I: Rs 2,389 per sq.ft (2024)
• Avp Kanagam Avenue: Rs 1,600 per sq.ft (2024)
• Baby Nagar: Rs 700 per sq.ft (2024)
• Bhavanipuram: Rs 700 per sq.ft (2024)
• Blue Bell Avenue: Rs 1,500 per sq.ft (2024)
• Anandam Avenue: Rs 900 per sq.ft (2024)

Stamp duty and registration fee for property in Avvai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total fees to Rs 63,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Avvai Nagar?

The Sub Registrar Office that covers Avvai Nagar 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 Kayirambedu

The guideline value plays a crucial role in the registration process of property transactions in Kayirambedu. It serves as the basis for calculating the stamp duty and registration fees that must be paid during the property registration process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps maintain transparency and accountability in property dealings. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Avvai Nagar?

The current guideline value of Avvai Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 700 per sq.ft in 2012, decreased to Rs 469 per sq.ft in 2017, and then returned to Rs 700 per sq.ft in both 2023 and 2024.

What is the land classification of Avvai Nagar?

Avvai Nagar is classified as Residential Special Type - II, which is relevant for understanding its guideline value and usage.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How do I calculate the stamp duty and registration fees for property in Avvai Nagar?

To calculate the stamp duty and registration fees, you can use the guideline value. For example, for a 1,000 sq.ft plot at Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000, with stamp duty at 7% and registration fee at 2% totaling Rs 63,000.