Guideline Value for Aiyanar Avenue

Aiyanar Avenue guideline value

The current guideline value of Aiyanar Avenue in Puthur village is Rs 330 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class II Type - I.

How the guideline value of Aiyanar Avenue has changed

The guideline value for Aiyanar Avenue has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 201 per sq.ft. The value then increased significantly to Rs 300 per sq.ft in 2023, before rising again to Rs 330 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the value increased by 49%, while the overall change from the 2012 revision to the 2024 revision shows a modest increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Puthur

Puthur village has a total of 63 streets under the Tambaram Joint 1 SRO, with the 2024 guideline values ranging from Rs 330 to Rs 4,600 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Aiyanar Avenue's 2024 figure below that median.

• ALS Nagar: Rs 1,100 per sq.ft (2024)
• Ashok Nagar: Rs 1,100 per sq.ft (2024)
• A.T.A Nagar: Rs 1,100 per sq.ft (2024)
• Chithrammal Nagar: Rs 770 per sq.ft (2024)
• Ebinezer Street: Rs 770 per sq.ft (2024)
• Eden Garden: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Aiyanar Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total fees to Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Aiyanar Avenue?

The Aiyanar Avenue falls under the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process of property transactions in Puthur. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately and in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Aiyanar Avenue?

The current guideline value of Aiyanar Avenue is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then to Rs 300 per sq.ft in 2023, and finally to Rs 330 per sq.ft in 2024.

What is the land classification for Aiyanar Avenue?

Aiyanar Avenue is classified as Residential Class II Type - I, indicating its designated use for residential purposes.

What are the other streets in Puthur with their guideline values?

Other streets in Puthur include ALS Nagar, Ashok Nagar, A.T.A Nagar, Chithrammal Nagar, Ebinezer Street, and Eden Garden, with guideline values ranging from Rs 770 to Rs 1,100 per sq.ft in 2024.

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

The Sub Registrar Office covering Aiyanar Avenue is located at No.26, Mes Road, East Tambaram, Chennai-600059. This office is part of the Chengalpattu registration zone.