Guideline Value for Abirami Avenue 11th Street

Abirami Avenue 11th Street guideline value

The current guideline value of Abirami Avenue 11th Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO, classified as Residential Class I Type - I.

How the guideline value of Abirami Avenue 11th Street has changed

The guideline value for Abirami Avenue 11th Street has undergone several revisions over the years. The 2012 revision recorded a value of Rs 2,500 per sq.ft, which was followed by a decrease to Rs 1,675 per sq.ft in the 2017 revision. The 2023 revision increased this figure to Rs 2,500 per sq.ft, and the current 2024 revision has set it at Rs 2,700 per sq.ft. The changes between these revisions show an increase of 8% from 2023 to 2024, and a significant increase of 49% from 2017 to 2023.

From 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 8%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value is Rs 2,700 per sq.ft, which matches the current guideline value for Abirami Avenue 11th Street.

• Abirami Avenue 10th Street: Rs 2,700 per sq.ft (2024)
• Abirami Avenue 12th Extension: Rs 2,700 per sq.ft (2024)
• Abirami Avenue 12th Street: Rs 2,700 per sq.ft (2024)
• Abirami Avenue 13th Street: Rs 2,700 per sq.ft (2024)
• Abirami Avenue 14th 1st Lane: Rs 2,700 per sq.ft (2024)
• Abirami Avenue 14th 2nd Lane: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Abirami Avenue 11th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, while the registration fee at 2% would be Rs 54,000. Together, the total cost for stamp duty and registration would be Rs 2,43,000. It is important to note that 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 more details.

Which Sub Registrar Office covers Abirami Avenue 11th Street?

The Sub Registrar Office that covers Abirami Avenue 11th Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the registration fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Abirami Avenue 11th Street?

The current guideline value of Abirami Avenue 11th Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What is the land classification of Abirami Avenue 11th Street?

Abirami Avenue 11th Street is classified as Residential Class I Type - I.

What are the stamp duty rates applicable?

The stamp duty rate is 7% on the guideline value or the sale price, whichever is higher. The registration fee is 2% of the same amount.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Abirami Avenue 11th Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.