Guideline Value for Allavantar Street

Allavantar Street guideline value

The current guideline value of Allavantar Street in Menambedu village is Rs 1,001 per sq.ft, effective from 1 July 2024. This street falls under the Ambattur Sub Registrar Office (SRO) and is classified as Residential Class IV Type - I.

How the guideline value of Allavantar Street has changed

The guideline value for Allavantar Street has seen several revisions over the years. The earliest recorded figure is from 2012, when the value was Rs 800 per sq.ft. This figure was revised to Rs 536 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,000 per sq.ft, which represents an increase of 87%. The most recent revision in 2024 has set the guideline value at Rs 1,001 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for Allavantar Street for the years 2002, 2003, and 2007. Overall, the guideline value has increased by 25% from the 2012 figure to the current 2024 figure.

Guideline values in Menambedu

In Menambedu village, there are a total of 171 streets under the Ambattur SRO that carry a guideline value for 2024, ranging from Rs 1,000 to Rs 6,680 per sq.ft. The median guideline value for these streets is Rs 1,003 per sq.ft, indicating that Allavantar Street's 2024 figure is slightly below this median.

• Ambattur Annamalai Street: Rs 1,000 per sq.ft (2024)
• Annamalai Street: Rs 1,000 per sq.ft (2024)
• Anna Street (6th ward): Rs 1,700 per sq.ft (2024)
• Anna Street (Elango Nagar): Rs 1,700 per sq.ft (2024)
• Arasigara Street: Rs 1,001 per sq.ft (2024)
• Bajanai Koil Street: Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in Allavantar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value would be Rs 10,01,000. The stamp duty at 7% would amount to Rs 70,070, while the registration fee at 2% would be Rs 20,020. Together, the total cost for stamp duty and registration fee would be Rs 90,090. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Allavantar Street?

The Allavantar Street is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Menambedu. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This ensures that the government receives the correct revenue based on the assessed value of the property.

Additionally, the guideline value helps in maintaining transparency in property transactions. It provides a standardized measure that can be referenced by buyers, sellers, and government authorities alike, ensuring that all parties are aware of the value associated with the property being transferred.

Frequently asked questions

What is the current guideline value of Allavantar Street?

The current guideline value of Allavantar Street is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 1,001 per sq.ft in 2024, showing an overall increase of 25% over the years.

Where can I find the Sub Registrar Office for Allavantar Street?

The Sub Registrar Office covering Allavantar Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone.

What are the stamp duty and registration fees for properties in Allavantar Street?

For a property valued at Rs 10,01,000, the stamp duty would be Rs 70,070 and the registration fee would be Rs 20,020, totaling Rs 90,090.

What is the median guideline value for streets in Menambedu?

The median guideline value for the 171 streets in Menambedu is Rs 1,003 per sq.ft, which is slightly higher than the current value of Allavantar Street.