Guideline Value for AVVAIYAR STREET (WARD-20)

Avvaiyar Street (Ward-20) guideline value

The current guideline value of Avvaiyar Street (Ward-20) is Rs 881 per sq.ft, effective from 1 July 2024. This street is located in Thailavaram village under the Chengleput Joint II SRO, and it falls under the Residential Class I Type - II land classification.

How the guideline value of Avvaiyar Street (Ward-20) has changed

Looking back at the revisions, the guideline value for Avvaiyar Street (Ward-20) was Rs 800 per sq.ft in 2023, which increased to Rs 881 per sq.ft in 2024, marking a change of +10%. Prior to that, in 2017, the value was Rs 536 per sq.ft, reflecting a significant increase of +49% to reach the 2023 figure. The 2012 revision also recorded a value of Rs 800 per sq.ft, which was a decrease of -33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has seen an increase of +10%.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for Avvaiyar Street. This means that the earliest recorded value in the register is from 2012.

Guideline values in Thailavaram

In Thailavaram, there are 132 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value is Rs 770 per sq.ft, placing Avvaiyar Street's 2024 figure above this median.

• Athiparasakthi Nagar, Thailavaram (Ward-21): Rs 1,980 per sq.ft (2024)
• Bajanai Koil Street, Korukanthankal (Ward-20): Rs 770 per sq.ft (2024)
• Bajanaikoil Street, Potheri East (Ward -1): Rs 770 per sq.ft (2024)
• Bajanaikoil Street, Potheri (Ward -1): Rs 770 per sq.ft (2024)
• Bajanai Koil Street Vallancheri (Ward -1): Rs 770 per sq.ft (2024)
• Bajanai Koil Street (Ward-21): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Avvaiyar Street (Ward-20)

For a 1,000 sq.ft plot at the current guideline value of Rs 881 per sq.ft, the total guideline value amounts to Rs 8,81,000. The stamp duty at 7% would be Rs 61,670, and the registration fee at 2% would be Rs 17,620, bringing the total fees together to Rs 79,290. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Avvaiyar Street (Ward-20)?

The Sub Registrar Office that covers Avvaiyar Street (Ward-20) 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 Thailavaram

The guideline value is a crucial factor in property transactions in Thailavaram, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is in compliance with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. This value serves as a benchmark for assessing the worth of a property in the area.

Frequently asked questions

What is the current guideline value of Avvaiyar Street (Ward-20)?

The current guideline value of Avvaiyar Street (Ward-20) is Rs 881 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years for Avvaiyar Street (Ward-20)?

The guideline value has seen several changes, with the most recent being an increase from Rs 800 per sq.ft in 2023 to Rs 881 per sq.ft in 2024. Overall, from 2012 to 2024, the guideline value has increased by 10%.

What is the land classification of Avvaiyar Street (Ward-20)?

Avvaiyar Street (Ward-20) is classified under Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Avvaiyar Street (Ward-20)?

The Sub Registrar Office covering Avvaiyar Street (Ward-20) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the guideline value used in property transactions in Thailavaram?

The guideline value is used to determine the minimum registration value of a property, which affects the calculation of stamp duty and registration fees. It ensures that property transactions are conducted in accordance with local regulations.