Guideline Value for Abirami Avenue 14th Street Extension

Abirami Avenue 14th Street Extension guideline value

The current guideline value of Abirami Avenue 14th Street Extension is Rs 2,700 per sq.ft. 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 14th Street Extension has changed

The guideline value for Abirami Avenue 14th Street Extension has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 2,700 per sq.ft, an increase from Rs 2,500 per sq.ft in the 2023 revision, reflecting an 8% rise. The 2017 revision recorded a guideline value of Rs 1,675 per sq.ft, which was a significant increase of 49% from the previous revision in 2012, which was Rs 2,500 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Overall, from 2012 to 2024, the guideline value has increased by 8%. The 2012 revision saw a decrease of 33% from the 2017 figure, indicating fluctuations in the guideline values over the years.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value for Abirami Avenue 14th Street Extension aligns with this median.

• Abirami Avenue 14th Street: Rs 2,700 per sq.ft (2024)
• Abirami Avenue 14th Street Lane: Rs 2,700 per sq.ft (2024)
• Abirami Avenue 14th 2nd Lane: Rs 2,700 per sq.ft (2024)
• Abirami Avenue 15th Street: Rs 2,700 per sq.ft (2024)
• Abirami Avenue 14th 1st Lane: Rs 2,700 per sq.ft (2024)
• Abirami Avenue 16th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Abirami Avenue 14th Street Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total cost for these fees to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Abirami Avenue 14th Street Extension?

The Abirami Avenue 14th Street Extension falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Kodungaiyur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it influences the stamp duty and registration fees applicable during the transaction.

When a property is sold, the registration office uses the guideline value to calculate the applicable fees, ensuring that all transactions are recorded at a fair and standardized value. This helps maintain transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Abirami Avenue 14th Street Extension?

The current guideline value of Abirami Avenue 14th Street Extension is Rs 2,700 per sq.ft as of the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,675 per sq.ft in 2017 to Rs 2,700 per sq.ft in 2024, with various revisions in between, including Rs 2,500 per sq.ft in 2023.

What are the registration fees for a property in this area?

The registration fees include a stamp duty of 7% and a registration fee of 2%, based on the guideline value or sale price, whichever is higher.

Where can I find the Madhavaram Sub Registrar Office?

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

What is the land classification for Abirami Avenue 14th Street Extension?

Abirami Avenue 14th Street Extension is classified as Residential Class I Type - I.