Guideline Value for AVVAI STREET

Avvai Street guideline value

The current guideline value of Avvai Street in Jelandianpettai village is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint I SRO and is classified as Residential Class II Type - I.

How the guideline value of Avvai Street has changed

Looking at the historical revisions, the guideline value for Avvai Street was Rs 2,000 per sq.ft in 2023, which increased to Rs 2,200 per sq.ft in 2024, marking a change of +10%. Prior to that, in 2017, the value was Rs 1,340 per sq.ft, which had risen by +49% to reach Rs 2,000 per sq.ft in 2023. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value saw a decrease of -33%, with the 2012 figure being Rs 2,000 per sq.ft. Overall, from 2012 to 2024, the guideline value has increased by +10%.

Guideline values in Jelandianpettai

In Jelandianpettai, there are 248 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 7,500 per sq.ft. The median value is Rs 2,200 per sq.ft, which is the same as the guideline value for Avvai Street.

• Ashokar Street: Rs 2,200 per sq.ft (2024)
• Arunachalam Street: Rs 2,200 per sq.ft (2024)
• Arumugam Street: Rs 2,200 per sq.ft (2024)
• Balaji Street: Rs 1,650 per sq.ft (2024)
• Anna Salai: Rs 2,200 per sq.ft (2024)
• Balavinayagar Koil Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Avvai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to Rs 1,98,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Avvai Street?

The Sub Registrar Office that covers Avvai Street 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 further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Jelandianpettai. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, it is essential to be aware of the current guideline value, as it may influence the sale price and the associated costs. Buyers should ensure that the sale price is not lower than the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Avvai Street?

The current guideline value of Avvai Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent being an increase from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024. Overall, from 2012 to 2024, the guideline value has increased by +10%.

What is the land classification of Avvai Street?

Avvai Street is classified as Residential Class II Type - I under the Chennai South Joint I SRO.

Where can I find the registration office for Avvai Street?

The registration office for Avvai Street 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 stamp duty calculated for properties in Jelandianpettai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate for stamp duty is 7%, and there is also a registration fee of 2% applicable.