Guideline Value for Amman Avenue

Amman Avenue guideline value

The current guideline value of Amman Avenue is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur SRO, and is classified as Residential Class III Type - II.

How the guideline value of Amman Avenue has changed

The guideline value for Amman Avenue has seen several revisions over the years. In 2002, the value was Rs 84 per sq.ft, which increased to Rs 100 per sq.ft in 2003, marking a change of +19%. The value then soared to Rs 200 per sq.ft in 2007, reflecting a significant increase of +100%. Following this, the 2012 revision set the value at Rs 1,400 per sq.ft, a remarkable rise of +600% from the previous revision. The most recent revision in 2024 has established the current guideline value at Rs 1,500 per sq.ft, representing a +7% increase from 2012.

It is important to note that there are no figures available for the years 2017 and 2023 for Amman Avenue in the register. Overall, from 2002 to 2024, the guideline value has increased by +1686%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, placing Amman Avenue's 2024 figure below this median.

• Amman Nagar: Rs 1,500 per sq.ft (2024)
• Ambedkar Street (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Ambedkar Road 2nd Street: Rs 1,500 per sq.ft (2024)
• Ambedkar Nagar: Rs 1,500 per sq.ft (2024)
• Ambattu Oragadam Co-operative Building Society Colony (S.No.880/1, 2, 3): Rs 1,900 per sq.ft (2024)
• Ambattu Oragadam Co-operative Building Society Colony (Balaji Nagar): Rs 3,801 per sq.ft (2024)

Stamp duty and registration fee for property in Amman Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total fees together to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Amman Avenue?

The Sub Registrar Office that covers Amman Avenue is 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 Thirumullaivoyal

The guideline value plays a crucial role in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to calculate the applicable fees, which can significantly affect the overall cost of the transaction. It is essential 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 Amman Avenue?

The current guideline value of Amman Avenue is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 84 per sq.ft to Rs 1,500 per sq.ft in 2024, reflecting a total increase of +1686% over the years.

Which Sub Registrar Office covers Amman Avenue?

The Ambattur Sub Registrar Office covers Amman Avenue, 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 property in Amman Avenue?

The stamp duty for a property valued at Rs 15,00,000 would be Rs 1,05,000, and the registration fee would be Rs 30,000, totaling Rs 1,35,000.

Where can I find more information about the guideline values in Thirumullaivoyal?

For more information about the guideline values in Thirumullaivoyal, you can refer to the registration department's guideline value register or check the specific street links provided for detailed values.