Guideline Value for AVVAI NEW WEST STREET

Avvai New West Street guideline value

The current guideline value of Avvai New West Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO, classified as Residential Class IV Type - II.

How the guideline value of Avvai New West Street has changed

The guideline value for Avvai New West Street has undergone several revisions over the years. Starting from Rs 750 per sq.ft in 2002, it increased to Rs 824 per sq.ft in 2003, marking a 10% rise. The value saw a significant jump to Rs 1,050 per sq.ft in 2007, which was a 27% increase from the previous revision. Following this, the guideline value surged to Rs 4,000 per sq.ft in 2012, reflecting an impressive 281% increase.

From 2012 to 2024, the guideline value further increased by 10%, reaching the current rate of Rs 4,400 per sq.ft. It is important to note that there are no figures available for the years 2017 and 2023 in the register for this street.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft, with a median value of Rs 5,800 per sq.ft. The guideline value of Avvai New West Street is below this median.

• Avvai West Street: Rs 4,400 per sq.ft (2024)
• Ayyapan Street: Rs 5,000 per sq.ft (2024)
• Athreyapuram Main Road: Rs 6,300 per sq.ft (2024)
• Athreyapuram 2nd Street: Rs 5,800 per sq.ft (2024)
• Athreyapuram 1st Street: Rs 5,800 per sq.ft (2024)
• Ayyappan Nagar: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Avvai New West Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Avvai New West Street?

The Sub Registrar Office that covers Avvai New West Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Puliyur. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the appropriate revenue from property transactions.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded at a fair value. This helps in maintaining transparency and accountability in property dealings within the region.

Frequently asked questions

What is the current guideline value of Avvai New West Street?

The current guideline value of Avvai New West Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 750 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 487% over the years.

Are there any years without a guideline value for this street?

Yes, there are no figures available for the years 2017 and 2023 in the register for Avvai New West Street.

What is the classification of land for Avvai New West Street?

Avvai New West Street is classified as Residential Class IV Type - II under the Kodambakkam SRO.

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

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.