Guideline Value for AVVAIYAR STREET (WARD -7)

Avvaiyar Street (Ward -7) guideline value

The current guideline value of Avvaiyar Street (Ward -7) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Panangottur village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - V.

How the guideline value of Avvaiyar Street (Ward -7) has changed

The guideline value for Avvaiyar Street has undergone several revisions over the years. The earliest available figure is from the 2012 revision, which was Rs 1,200 per sq.ft. This figure remained the same in the 2012 revision but decreased to Rs 804 per sq.ft in the 2017 revision. Following this, the value significantly increased to Rs 1,200 per sq.ft in the 2023 revision and then to Rs 1,320 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in this village is Rs 990 per sq.ft, placing Avvaiyar Street's 2024 figure above that median.

• Ayya Nagar (Sa): Rs 440 per sq.ft (2024)
• Avvai Duraisamy Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Azhahiri Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Bajanai Koil Street (Ward -15): Rs 440 per sq.ft (2024)
• Bajanai Koil Street (Ward -17): Rs 550 per sq.ft (2024)
• Bajanai Koil Street (Ward -19): Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Avvaiyar Street (Ward -7)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total cost for these fees to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Avvaiyar Street (Ward -7)?

The Sub Registrar Office that covers Avvaiyar Street (Ward -7) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Panangottur. It is used to determine the amount of stamp duty and registration fees that need to be paid when a property is bought or sold. The guideline value serves as a benchmark for the minimum price at which a property can be registered.

When you are selling or buying property, the guideline value ensures that the transaction is recorded accurately in the official register. This helps maintain transparency in property dealings and ensures that all parties are aware of the legal obligations related to property registration.

Frequently asked questions

What is the current guideline value of Avvaiyar Street (Ward -7)?

The current guideline value of Avvaiyar Street (Ward -7) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Avvaiyar Street (Ward -7)?

The land classification for Avvaiyar Street (Ward -7) is Residential Special Type - V.

What are the stamp duty and registration fees for property in Avvaiyar Street (Ward -7)?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400, and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office handles registrations for Avvaiyar Street (Ward -7)?

The Chengleput Joint II Sub Registrar Office handles registrations for Avvaiyar Street (Ward -7), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.