Guideline Value for Aarthi Avenue

Aarthi Avenue guideline value

The current guideline value of Aarthi Avenue is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Adhanoor village under the Gooduvancheri SRO and is classified as Residential Special Type - I.

How the guideline value of Aarthi Avenue has changed

Over the years, the guideline value of Aarthi Avenue has seen several revisions. The 2007 revision set the value at Rs 335 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in the 2012 revision, marking a 199% increase. However, the value then dropped to Rs 670 per sq.ft in the 2017 revision, a decrease of 33%. The 2023 revision maintained the value at Rs 1,000 per sq.ft, and the 2024 revision also kept it at Rs 1,000 per sq.ft, reflecting a change of 0% between these two years. Notably, the register has no figures for the years 2003 and 2002 for this street.

From 2017 to 2023, the guideline value increased by 49%, bringing it back to the 2012 level of Rs 1,000 per sq.ft. This consistency in the recent revisions indicates stability in the guideline value for Aarthi Avenue.

Guideline values in Adhanoor

A total of 169 streets in Adhanoor under the Gooduvancheri SRO have a 2024 guideline value ranging from Rs 670 to Rs 3,000 per sq.ft, with the median being Rs 1,000 per sq.ft. Aarthi Avenue's 2024 figure aligns with this median.

• Akilandeeswari Nagar: Rs 1,000 per sq.ft (2024)
• Akilandeshwari Nagar Part -Ii: Rs 1,000 per sq.ft (2024)
• Akilandeswari Nagar Part-I: Rs 1,000 per sq.ft (2024)
• Alcon Nagar: Rs 1,000 per sq.ft (2024)
• Alwin Nagar: Rs 1,000 per sq.ft (2024)
• Alwin Nagar Extn: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Aarthi Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value is Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, together amounting to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Aarthi Avenue?

The Sub Registrar Office that covers Aarthi Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery - 603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Adhanoor. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must be aware of this value to ensure compliance with legal requirements during the registration process.

When a property is sold, the registration office uses the guideline value to calculate the applicable stamp duty and registration fees. This ensures that the transaction is recorded accurately and fairly in accordance with the established guidelines.

Frequently asked questions

What is the current guideline value of Aarthi Avenue?

The current guideline value of Aarthi Avenue is Rs 1,000 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 revisions showing stability at Rs 1,000 per sq.ft since 2012, except for a drop to Rs 670 per sq.ft in 2017.

What is the land classification for Aarthi Avenue?

Aarthi Avenue is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the registration office for Aarthi Avenue?

The registration office for Aarthi Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery - 603202.

How is the stamp duty calculated for properties in Aarthi Avenue?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 10,00,000, the stamp duty at 7% would be Rs 70,000.