Guideline Value for Angel Avenue

Angel Avenue guideline value

The current guideline value of Angel Avenue in Thirupanthiyoor village is Rs 450 per sq.ft, effective from 1 July 2024. This area falls under the Sunguvarchattram SRO and is classified as Residential Special Type - I.

How the guideline value of Angel Avenue has changed

The guideline value for Angel Avenue has undergone several revisions over the years. In 2007, the guideline value was Rs 50 per sq.ft, which increased significantly to Rs 450 per sq.ft in 2012. However, it then decreased to Rs 301 per sq.ft in 2017. The value remained steady at Rs 450 per sq.ft from 2023 to 2024, indicating no change during this period. The register has no figure for the years 2002 and 2003.

From 2017 to 2023, there was a substantial increase of 50%, bringing the value to Rs 450 per sq.ft. The overall change from the 2007 revision to the 2024 revision reflects an increase of 800%, showcasing significant growth in the guideline value over the years.

Guideline values in Thirupanthiyoor

In Thirupanthiyoor, there are 53 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 900 per sq.ft. The median value for these streets is Rs 350 per sq.ft, positioning Angel Avenue above this median.

• Angel Town: Rs 450 per sq.ft (2024)
• Amman Kovil Street: Rs 250 per sq.ft (2024)
• Ambethkar Street: Rs 200 per sq.ft (2024)
• Anna Street: Rs 200 per sq.ft (2024)
• Anthoniyarpuram: Rs 200 per sq.ft (2024)
• Anthoniyar Street: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Angel Avenue

For a 1,000 sq.ft plot at the current rate of Rs 450 per sq.ft, the guideline value amounts to Rs 4,50,000. The stamp duty at 7% would be Rs 31,500, and the registration fee at 2% would be Rs 9,000, totaling Rs 40,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Angel Avenue?

The Sub Registrar Office that covers Angel Avenue is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thirupanthiyoor. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Angel Avenue?

The current guideline value of Angel Avenue is Rs 450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 50 per sq.ft in 2007 to Rs 450 per sq.ft in 2012, decreased to Rs 301 per sq.ft in 2017, and remained at Rs 450 per sq.ft from 2023 to 2024.

What is the land classification of Angel Avenue?

Angel Avenue is classified as Residential Special Type - I, indicating its suitability for residential development.

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

The Sub Registrar Office for Angel Avenue is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for properties in Angel Avenue?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 4,50,000, the stamp duty at 7% would be Rs 31,500.