Guideline Value for Aishwarya Avenue

Aishwarya Avenue guideline value

The current guideline value of Aishwarya Avenue in Manimangalam A village is Rs 880 per sq.ft, effective from 1 July 2024. This property falls under the Padappai SRO and is classified as Residential Class I Type - I.

How the guideline value of Aishwarya Avenue has changed

In the 2017 revision, the guideline value was set at Rs 536 per sq.ft. This figure saw a significant increase to Rs 800 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has further increased the value to Rs 880 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register does not have figures for the years 2002, 2003, 2007, and 2012 for Aishwarya Avenue.

Guideline values in Manimangalam A

In Manimangalam A, there are 112 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 2,500 per sq.ft. The median guideline value for these streets is Rs 880 per sq.ft, which is equal to the guideline value of Aishwarya Avenue.

• Anandham Co-Operative Nagar: Rs 1,430 per sq.ft (2024)
• Annai Avenue: Rs 770 per sq.ft (2024)
• Anna Salai: Rs 880 per sq.ft (2024)
• Anna Street: Rs 880 per sq.ft (2024)
• Anugraha Estates: Rs 550 per sq.ft (2024)
• Arunachaleswarar Nagar: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Aishwarya Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aishwarya Avenue?

The Sub Registrar Office that covers Aishwarya Avenue is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the property registration process. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling a property in Manimangalam A, the guideline value helps in establishing a fair transaction price. It is essential for both 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 Aishwarya Avenue?

The current guideline value of Aishwarya Avenue is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 536 per sq.ft in 2017 to Rs 800 per sq.ft in 2023, and then to Rs 880 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What are the other streets in Manimangalam A with their guideline values?

Other streets in Manimangalam A include Anandham Co-Operative Nagar at Rs 1,430 per sq.ft, Annai Avenue at Rs 770 per sq.ft, Anna Salai at Rs 880 per sq.ft, Anna Street at Rs 880 per sq.ft, Anugraha Estates at Rs 550 per sq.ft, and Arunachaleswarar Nagar at Rs 880 per sq.ft.

What is the stamp duty rate for properties in Aishwarya Avenue?

The stamp duty rate for properties in Aishwarya Avenue is 7% of the guideline value. For example, for a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600.

Where can I find the Sub Registrar Office for Aishwarya Avenue?

The Sub Registrar Office for Aishwarya Avenue is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.