Guideline Value for Abirami Avenue 13th Street

Abirami Avenue 13th Street guideline value

The current guideline value of Abirami Avenue 13th Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO and is classified as Residential Class I Type - I.

How the guideline value of Abirami Avenue 13th Street has changed

The guideline value for Abirami Avenue 13th Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 2,500 per sq.ft, which was a decrease of 33% from Rs 1,675 per sq.ft in the 2017 revision. The 2023 revision saw an increase to Rs 2,500 per sq.ft, followed by a further increase to Rs 2,700 per sq.ft in the 2024 revision, marking an 8% rise.

From the 2012 revision to the 2024 revision, the overall change is an increase of 8%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 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 is equal to the current guideline value of Abirami Avenue 13th Street.

• Abirami Avenue 12th Street: Rs 2,700 per sq.ft (2024)
• Abirami Avenue 14th 1st Lane: Rs 2,700 per sq.ft (2024)
• Abirami Avenue 12th Extension: Rs 2,700 per sq.ft (2024)
• Abirami Avenue 14th 2nd Lane: Rs 2,700 per sq.ft (2024)
• Abirami Avenue 11th Street: Rs 2,700 per sq.ft (2024)
• Abirami Avenue 14th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Abirami Avenue 13th 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, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Abirami Avenue 13th Street?

The Sub Registrar Office that covers Abirami Avenue 13th 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 crucial factor during property registration in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, both the buyer and seller must consider the guideline value, as it can affect the overall transaction costs. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Abirami Avenue 13th Street?

The current guideline value of Abirami Avenue 13th 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 2023 to Rs 2,700 per sq.ft in 2024, which is an increase of 8%. It was Rs 2,500 per sq.ft in 2012, decreased to Rs 1,675 per sq.ft in 2017, and then increased to Rs 2,500 per sq.ft in 2023.

What is the land classification of Abirami Avenue 13th Street?

Abirami Avenue 13th Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

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

The Madhavaram Sub Registrar Office covers Abirami Avenue 13th Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the stamp duty calculated for properties in Kodungaiyur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,00,000, the stamp duty would be calculated at 7% of that amount.