Guideline Value for Abirami Avenue 4th Street

Abirami Avenue 4th Street guideline value

The current guideline value of Abirami Avenue 4th 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 4th Street has changed

The guideline value for Abirami Avenue 4th Street has seen revisions over the years. In the 2012 revision, the value was Rs 2,500 per sq.ft. This figure remained unchanged through the 2023 revision, which also recorded Rs 2,500 per sq.ft. However, in the 2024 revision, the value increased to Rs 2,700 per sq.ft, marking an 8% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, there has been an 8% increase in the guideline value. Notably, there are no figures available for the years 2002, 2003, 2007, and 2017 for this street in the register.

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 value for these streets is Rs 2,700 per sq.ft, which aligns with the current guideline value for Abirami Avenue 4th Street.

• Abirami Avenue 1st Street: Rs 2,700 per sq.ft (2024)
• Abirami Avenue 2nd Street: Rs 2,700 per sq.ft (2024)
• Abirami Avenue 3rd Street: Rs 2,700 per sq.ft (2024)
• Abirami Avenue 4th Street: Rs 2,700 per sq.ft (2024)
• Abirami Avenue 5th Street: Rs 2,700 per sq.ft (2024)
• Abirami Avenue 6th Street: Rs 2,700 per sq.ft (2024)
• Abirami Avenue 7th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Abirami Avenue 4th 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, totaling 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Abirami Avenue 4th Street?

The Sub Registrar Office that covers Abirami Avenue 4th 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 critical factor during the registration of property transactions in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of property transfer.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Abirami Avenue 4th Street?

The current guideline value of Abirami Avenue 4th 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 increased from Rs 2,500 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 8%.

What is the land classification for Abirami Avenue 4th Street?

Abirami Avenue 4th Street is classified as Residential Class I Type - I.

Where can I calculate stamp duty and registration fees?

You can calculate stamp duty and registration fees using our stamp duty and registration fee calculator.

Which office handles the registration for properties on Abirami Avenue 4th Street?

The Madhavaram Sub Registrar Office handles the registration for properties on Abirami Avenue 4th Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.