Guideline Value for AVVAIYAR STREET

Avvaiyar Street guideline value

The current guideline value of Avvaiyar Street in SingaperumalKoil village is Rs 800 per sq.ft, effective from 1 July 2024. This street falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - II.

How the guideline value of Avvaiyar Street has changed

Avvaiyar Street has undergone several revisions over the years. The guideline value was Rs 100 per sq.ft in 2007, which saw a significant increase to Rs 800 per sq.ft in 2012. However, it dropped to Rs 536 per sq.ft in 2017 before rising again to Rs 800 per sq.ft in both 2023 and 2024, showing no change between these two years.

From 2017 to 2023, the guideline value increased by 49%. The overall change from 2007 to 2024 is an increase of 700%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in SingaperumalKoil

In SingaperumalKoil, there are 33 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Avvaiyar Street's 2024 figure below that median.

• Anna Nagar: Rs 1,100 per sq.ft (2024)
• Bharathiyar Street (West Side From G.S.T): Rs 1,500 per sq.ft (2024)
• Bhavani Nagar: Rs 1,100 per sq.ft (2024)
• Buthar Street: Rs 1,500 per sq.ft (2024)
• Gandhi Road: Rs 1,100 per sq.ft (2024)
• Gengaiamman Koil Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Avvaiyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, while the registration fee at 2% would be Rs 16,000, bringing the total fees to Rs 72,000. It is important to note that the 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 Avvaiyar Street?

The Sub Registrar Office that covers Avvaiyar Street 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 SingaperumalKoil

The guideline value is a crucial factor in the registration process when buying or selling property in SingaperumalKoil. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately in the government registry. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the property transfer process.

Frequently asked questions

What is the current guideline value of Avvaiyar Street?

The current guideline value of Avvaiyar Street is Rs 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 100 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, then decreased to Rs 536 per sq.ft in 2017, and returned to Rs 800 per sq.ft in both 2023 and 2024.

What is the median guideline value for streets in SingaperumalKoil?

The median guideline value for streets in SingaperumalKoil is Rs 1,100 per sq.ft, while Avvaiyar Street's 2024 figure is below this median.

Where is the Sub Registrar Office for Avvaiyar Street located?

The Sub Registrar Office for Avvaiyar Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties on Avvaiyar Street?

The 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 Rs 800 per sq.ft, the total guideline value is Rs 8,00,000, leading to stamp duty and registration fees totaling Rs 72,000.