Guideline Value for Abirami Avenue 12th Street

Abirami Avenue 12th Street guideline value

The current guideline value of Abirami Avenue 12th 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 12th Street has changed

The guideline value for Abirami Avenue 12th Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision. Following this, the value increased to Rs 2,500 per sq.ft in the 2023 revision, and finally, it is now Rs 2,700 per sq.ft as of the 2024 revision. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, there was a significant increase of 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO with a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, which aligns with the current guideline value for Abirami Avenue 12th Street.

• Abirami Avenue 12th Extension: Rs 2,700 per sq.ft (2024)
• Abirami Avenue 13th Street: Rs 2,700 per sq.ft (2024)
• Abirami Avenue 11th Street: Rs 2,700 per sq.ft (2024)
• Abirami Avenue 14th 1st Lane: Rs 2,700 per sq.ft (2024)
• Abirami Avenue 10th Street: 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 12th 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, leading to a total cost of Rs 2,43,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Abirami Avenue 12th Street?

The Sub Registrar Office covering Abirami Avenue 12th Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a critical figure used during property registration in Kodungaiyur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the minimum sale price for registration purposes. Buyers and sellers must be aware of this value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Abirami Avenue 12th Street?

The current guideline value for Abirami Avenue 12th 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 increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What is the stamp duty for property in Abirami Avenue 12th Street?

The stamp duty for property in Abirami Avenue 12th Street is calculated at 7% of the guideline value or the sale price, whichever is higher.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the classification of land in Abirami Avenue 12th Street?

Abirami Avenue 12th Street is classified as Residential Class I Type - I under the Madhavaram SRO.