Guideline Value for Abirami Avenue 7th Street

Abirami Avenue 7th Street guideline value

The current guideline value of Abirami Avenue 7th Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village, under the Madhavaram SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Abirami Avenue 7th Street has changed

The guideline value for Abirami Avenue 7th Street has remained at Rs 2,500 per sq.ft since the 2012 revision until the 2023 revision. In 2024, the value increased to Rs 2,700 per sq.ft, marking an 8% rise from the previous year.

From the 2012 revision to the 2024 revision, there has been an overall increase of 8%. It is important to note that the register has no figures for the revisions in 2002, 2003, 2007, and 2017 for this street.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value is Rs 2,700 per sq.ft, which is equal to the current value of Abirami Avenue 7th Street.

• Abirami Avenue 6th Street: Rs 2,700 per sq.ft (2024)
• Abirami Avenue 8th Street: Rs 2,700 per sq.ft (2024)
• Abirami Avenue 5th Street: Rs 2,700 per sq.ft (2024)
• Abirami Avenue 9th Street: Rs 2,700 per sq.ft (2024)
• Abirami Avenue 4th Street: Rs 2,700 per sq.ft (2024)
• Abirami Avenue 3rd Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Abirami Avenue 7th 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, 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Abirami Avenue 7th Street?

The Sub Registrar Office that covers Abirami Avenue 7th 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 in the registration process for property transactions in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When buying or selling property, it is essential to consider the guideline value, as it ensures that the transaction is recorded accurately and complies with local regulations. Buyers and sellers should always check the latest guideline values to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Abirami Avenue 7th Street?

The current guideline value of Abirami Avenue 7th 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 remained at Rs 2,500 per sq.ft from 2012 to 2023, and then increased to Rs 2,700 per sq.ft in 2024, marking an 8% rise from the previous year.

What are the other streets with the same guideline value in Kodungaiyur?

Other streets in Kodungaiyur with the same guideline value of Rs 2,700 per sq.ft include Abirami Avenue 6th Street, 8th Street, 5th Street, 9th Street, 4th Street, and 3rd Street.

Where can I find the Sub Registrar Office for Abirami Avenue 7th Street?

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

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 27,00,000, the stamp duty at 7% would be Rs 1,89,000.