Guideline Value for Aavalagunda St

Aavalagunda St guideline value

The current guideline value of Aavalagunda St is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Ammayarkuppam village, under the Ramakrishna Rajupettai SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Aavalagunda St has changed

The guideline value for Aavalagunda St has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 60 per sq.ft, which increased significantly to Rs 220 per sq.ft by the 2012 revision. However, this was followed by a decrease to Rs 147 per sq.ft in 2017. The 2023 revision maintained the value at Rs 150 per sq.ft, which remains unchanged in the 2024 revision.

To summarize the changes, the guideline value increased by 267% from 2007 to 2012, then decreased by 33% from 2012 to 2017. From 2017 to 2023, there was a slight increase of 2%. Overall, from 2007 to 2024, the guideline value has increased by 150%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ammayarkuppam

Ammayarkuppam has 43 streets under the Ramakrishna Rajupettai SRO, with guideline values ranging from Rs 150 to Rs 260 per sq.ft. The median value for these streets is Rs 260 per sq.ft, placing Aavalagunda St's 2024 figure below that median.

• Anna Nagar St: Rs 241 per sq.ft (2024)
• Araneri Tamizh Sanga Street: Rs 260 per sq.ft (2024)
• Bajanai Koil St: Rs 241 per sq.ft (2024)
• Balapuram Selum Road: Rs 150 per sq.ft (2024)
• Bazzar Street: Rs 260 per sq.ft (2024)
• Beeranji St: Rs 241 per sq.ft (2024)

Stamp duty and registration fee for property in Aavalagunda St

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Aavalagunda St?

The Sub Registrar Office that covers Aavalagunda St is the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ammayarkuppam. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that all transactions are compliant with local regulations.

When a property is registered, the guideline value serves as a benchmark for the minimum value at which the property can be sold. This helps maintain transparency in property transactions and ensures that the state receives appropriate revenue from stamp duties.

Frequently asked questions

What is the current guideline value for Aavalagunda St?

The current guideline value for Aavalagunda St is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 60 per sq.ft in 2007 to Rs 150 per sq.ft in 2024, with various revisions in between, including a peak of Rs 220 per sq.ft in 2012.

What is the land classification for Aavalagunda St?

Aavalagunda St is classified as Residential Class III Type - I, which indicates its intended use for residential purposes.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions is charged at 7% of the guideline value or sale price, whichever is higher, along with a registration fee of 2%.

Which office handles the registration for Aavalagunda St?

The Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone, handles the registration for Aavalagunda St.