Guideline Value for Aavudaiyamman Koil Street

Aavudaiyamman Koil Street guideline value

The current guideline value of Aavudaiyamman Koil Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village under the Selaiyur SRO, classified as Residential Class II Type - I.

How the guideline value of Aavudaiyamman Koil Street has changed

The guideline value of Aavudaiyamman Koil Street has seen several revisions over the years. In 2012, the value was set at Rs 1,500 per sq.ft, which remained unchanged until the next revision in 2017 when it decreased to Rs 1,005 per sq.ft. Following this, the value increased significantly to Rs 1,500 per sq.ft in 2023, reflecting a 49% increase from the 2017 figure. The most recent revision in 2024 raised the guideline value to Rs 1,600 per sq.ft, marking a 7% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Aavudaiyamman Koil Street.

Guideline values in Madambakkam

In Madambakkam, there are a total of 1,151 streets under the Selaiyur SRO, with the 2024 guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, positioning Aavudaiyamman Koil Street's 2024 value below this median.

• Adithya Nagar: Rs 2,400 per sq.ft (2024)
• Adithya Nagar 1st Cross Street: Rs 2,400 per sq.ft (2024)
• Adithya Nagar 1st Street: Rs 2,400 per sq.ft (2024)
• Adithya Nagar 2nd Cross Street: Rs 2,400 per sq.ft (2024)
• Adithya Nagar 2nd Street: Rs 2,400 per sq.ft (2024)
• Adithya Nagar 3rd Cross Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Aavudaiyamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, while the registration fee at 2% would be Rs 32,000, bringing the total fees to Rs 1,44,000. Please note that the stamp duty is charged on the higher of the guideline value or the sale price.

For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aavudaiyamman Koil Street?

The Aavudaiyamman Koil Street is covered by the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Madambakkam

The guideline value is an essential factor during property transactions in Madambakkam, 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, which are mandatory for legal ownership transfer.

It is crucial for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements and to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Aavudaiyamman Koil Street?

The current guideline value of Aavudaiyamman Koil Street is Rs 1,600 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 1,500 per sq.ft in 2023 to Rs 1,600 per sq.ft in 2024. The value was Rs 1,005 per sq.ft in 2017 and Rs 1,500 per sq.ft in 2012.

What is the median guideline value for streets in Madambakkam?

The median guideline value for streets in Madambakkam is Rs 2,400 per sq.ft, which is higher than the current value of Aavudaiyamman Koil Street.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the guideline value. For example, a 1,000 sq.ft plot at the current guideline value incurs total fees of Rs 1,44,000.

Which office handles registrations for Aavudaiyamman Koil Street?

The Selaiyur Sub Registrar Office handles registrations for Aavudaiyamman Koil Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.