Guideline Value for Amman Avenue

Amman Avenue guideline value

The current guideline value of Amman Avenue in Kuthanoor village is Rs 400 per sq.ft, effective from the 2024 revision. This street falls under the Gooduvancheri SRO and is classified as Residential Class II Type - I.

How the guideline value of Amman Avenue has changed

The guideline value for Amman Avenue has seen several revisions over the years. In 2007, the value was Rs 85 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2012. However, it then decreased to Rs 268 per sq.ft in 2017. The 2023 revision maintained the value at Rs 400 per sq.ft, and this figure remained unchanged in the 2024 revision, reflecting a 0% change from the previous year.

Looking at the overall changes, from 2007 to 2024, the guideline value has increased by 371%. The 2017 revision showed a 49% increase from the previous value, while the 2012 revision saw a decrease of 33% from 2017. The substantial jump from 2007 to 2012 indicates a significant change in the valuation of this street.

Guideline values in Kuthanoor

In Kuthanoor village, there are 30 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 800 per sq.ft, making Amman Avenue's 2024 figure below the median.

• Ajai Square: Rs 600 per sq.ft (2024)
• Ashvath Nagar Extn I: Rs 800 per sq.ft (2024)
• Asthalakshmi Nagar: Rs 705 per sq.ft (2024)
• Aswath Nagar: Rs 805 per sq.ft (2024)
• Bharath Avenue: Rs 800 per sq.ft (2024)
• Chitti Vinayagar Nagar: Rs 400 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 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. 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 detailed calculations.

Which Sub Registrar Office covers Amman Avenue?

The Sub Registrar Office covering Amman Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kuthanoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the government receives the appropriate revenue from property transactions.

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Amman Avenue?

The current guideline value of Amman Avenue is Rs 400 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent figures being Rs 400 per sq.ft for both 2023 and 2024, while it was Rs 268 per sq.ft in 2017 and Rs 85 per sq.ft in 2007.

What is the classification of Amman Avenue?

Amman Avenue is classified as Residential Class II Type - I, indicating its suitability for residential development.

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

The Sub Registrar Office for Amman Avenue is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Amman Avenue?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the guideline value of Rs 400 per sq.ft would incur a total guideline value of Rs 4,00,000, leading to a stamp duty of Rs 28,000.