Guideline Value for AVVAIYAR ST CHARLES NAGAR

Avvaiyar St Charles Nagar guideline value

The current guideline value of Avvaiyar St Charles Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in Thandurai village, under the Avadi SRO, and is classified as Residential Special Type - III.

How the guideline value of Avvaiyar St Charles Nagar has changed

The guideline value for Avvaiyar St Charles Nagar has experienced several revisions over the years. The earliest recorded figure is from 2012, set at Rs 1,200 per sq.ft. This remained unchanged until the 2017 revision, which saw a decrease to Rs 804 per sq.ft, marking a -33% change. In 2023, the value increased to Rs 1,200 per sq.ft, and the most recent revision in 2024 raised it to Rs 1,300 per sq.ft, reflecting an 8% increase from the previous year.

From 2017 to 2023, the guideline value rose significantly by 49%. Overall, from 2012 to 2024, the value has increased by 8%. The register has no figure for the years 2002, 2003, and 2007 for this street.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 800 to Rs 2,640 per sq.ft. The median value for these streets is Rs 988 per sq.ft, placing Avvaiyar St Charles Nagar above this median.

• Babu Nagar: Rs 988 per sq.ft (2024)
• Bajanai Koil St: Rs 988 per sq.ft (2024)
• Bajanai Koil St 1st Street: Rs 988 per sq.ft (2024)
• Bajanai Koil St 2nd Street: Rs 988 per sq.ft (2024)
• Bajanai Koil St 3rd Street: Rs 988 per sq.ft (2024)
• Bajanai Koil St 4th Street: Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Avvaiyar St Charles Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total fees to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Avvaiyar St Charles Nagar?

The Avvaiyar St Charles Nagar area is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Thandurai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property in the eyes of the law. It also aids in ensuring transparency and fairness in property transactions, as it reflects the officially recognized value of the property based on various revisions over the years.

Frequently asked questions

What is the current guideline value of Avvaiyar St Charles Nagar?

The current guideline value of Avvaiyar St Charles Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024, reflecting an 8% increase. The value has also seen a significant rise from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023.

What is the land classification of Avvaiyar St Charles Nagar?

Avvaiyar St Charles Nagar is classified as Residential Special Type - III, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Avvaiyar St Charles Nagar?

The Avadi Sub Registrar Office covers Avvaiyar St Charles Nagar and is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in Avvaiyar St Charles Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 13,00,000 would incur a stamp duty of Rs 91,000 at the rate of 7%.