Guideline Value for Alavandar AvenueExt

Alavandar AvenueExt guideline value

The current guideline value of Alavandar AvenueExt is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village, under the Tambaram Joint 1 SRO, and is classified as Residential Special Type - II.

How the guideline value of Alavandar AvenueExt has changed

Over the years, the guideline value of Alavandar AvenueExt has seen several revisions. In 2012, the guideline value was Rs 3,500 per sq.ft. This figure remained unchanged in the next revision in 2017, where it dropped to Rs 2,345 per sq.ft. The value then increased significantly to Rs 3,500 per sq.ft in 2023, followed by a further increase to Rs 3,850 per sq.ft in 2024. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 is an increase of 10%, reflecting the most recent revision in 2024.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value among these streets is Rs 1,650 per sq.ft, placing Alavandar AvenueExt's 2024 figure above that median.

• Alavandhar Avenue: Rs 1,650 per sq.ft (2024)
• Alex Street: Rs 1,650 per sq.ft (2024)
• Agaththiyar Street: Rs 1,650 per sq.ft (2024)
• Agananuru Street: Rs 1,650 per sq.ft (2024)
• Advocate Janakiraman Street: Rs 1,650 per sq.ft (2024)
• Advocate Colony Ramanaidu Cross Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Alavandar AvenueExt

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, while the registration fee at 2% would be Rs 77,000. Therefore, the total cost for stamp duty and registration would be Rs 3,46,500. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Alavandar AvenueExt?

The Sub Registrar Office that covers Alavandar AvenueExt is 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 Chitlapakkam

The guideline value serves as a benchmark for property transactions in Chitlapakkam, determining the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, ensuring that these costs are based on an officially recognized value.

During the registration process, buyers and sellers must provide the guideline value to the Sub Registrar Office. This value is essential for the legal documentation of property transactions, as it reflects the government's assessment of property worth in the area.

Frequently asked questions

What is the current guideline value of Alavandar AvenueExt?

The current guideline value of Alavandar AvenueExt is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has undergone several revisions, with the latest being Rs 3,850 per sq.ft in 2024. The value has increased from Rs 3,500 in 2023 and Rs 2,345 in 2017.

What is the land classification of Alavandar AvenueExt?

Alavandar AvenueExt is classified as Residential Special Type - II, indicating its suitability for residential purposes.

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 38,50,000, the total fees would amount to Rs 3,46,500.

Where is the Sub Registrar Office for Alavandar AvenueExt located?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.