Guideline Value for Abirami Avenue 14th Street

Abirami Avenue 14th Street guideline value

The current guideline value of Abirami Avenue 14th 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 14th Street has changed

The guideline value for Abirami Avenue 14th Street has seen several revisions over the years. In 2012, the guideline value was set at Rs 2,500 per sq.ft, which then decreased to Rs 1,675 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,500 per sq.ft in 2023, and then rose again to the current figure of Rs 2,700 per sq.ft in 2024.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the guideline value increased by 49%. The most recent change from 2023 to 2024 reflects an increase of 8%. Overall, from 2012 to 2024, the guideline value has increased by 8% as well. The register has no figure for this street in 2002, 2003, and 2007.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 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. The median value is Rs 2,700 per sq.ft, which is the same as the current guideline value for Abirami Avenue 14th Street.

• Abirami Avenue 14th 2nd Lane: Rs 2,700 per sq.ft (2024)
• Abirami Avenue 14th Street Extension: Rs 2,700 per sq.ft (2024)
• Abirami Avenue 14th 1st Lane: Rs 2,700 per sq.ft (2024)
• Abirami Avenue 14th Street Lane: Rs 2,700 per sq.ft (2024)
• Abirami Avenue 13th Street: Rs 2,700 per sq.ft (2024)
• Abirami Avenue 15th Street: Rs 2,700 per sq.ft (2024)

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

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, totaling Rs 2,43,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Abirami Avenue 14th Street?

The Sub Registrar Office covering Abirami Avenue 14th Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property in Kodungaiyur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives its due revenue from property transactions.

When buying or selling property, the guideline value helps in determining the minimum price at which a property can be registered. It is important for buyers and sellers 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 14th Street?

The current guideline value of Abirami Avenue 14th 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 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 for Abirami Avenue 14th Street?

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

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Where can I find more information about the Sub Registrar Office?

The Madhavaram Sub Registrar Office covers Abirami Avenue 14th Street, and its address is No.7, Roja Nagar, Madhavaram, Chennai-600060. You can also find your SRO online.