Guideline Value for Aravindha Avenue

Aravindha Avenue guideline value

The current guideline value of Aravindha Avenue is Rs 226 per sq.ft, effective from 1 July 2024. This street is located in Koozhangacheri village, under the Sunguvarchattram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Aravindha Avenue has changed

In the 2012 revision, the guideline value was set at Rs 225 per sq.ft. This figure saw a significant decrease in the 2017 revision, where it dropped to Rs 151 per sq.ft, marking a decline of 33%. However, from 2017 to the 2023 revision, the value increased by 50%, bringing it back to Rs 226 per sq.ft, which remained unchanged in the 2024 revision.

There are no recorded guideline values for Aravindha Avenue in the revisions of 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has remained stable, showing an overall change of 0%.

Guideline values in Koozhangacheri

Koozhangacheri village has a total of 47 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 1,200 per sq.ft. The median value among these streets is Rs 226 per sq.ft, which is equal to the current guideline value of Aravindha Avenue.

• Annai Nagar: Rs 200 per sq.ft (2024)
• Bajanai Kovil Street: Rs 200 per sq.ft (2024)
• Ambethkar Street: Rs 250 per sq.ft (2024)
• Bharathi Nagar: Rs 250 per sq.ft (2024)
• Bharathi Nagar Part-I: Rs 250 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Aravindha Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 226 per sq.ft, the total guideline value amounts to Rs 2,26,000. The stamp duty at 7% would be Rs 15,820, and the registration fee at 2% would be Rs 4,520, resulting in a total of Rs 20,340. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information on fees applicable to your property.

Which Sub Registrar Office covers Aravindha Avenue?

The Sub Registrar Office that covers Aravindha Avenue is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Koozhangacheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can affect the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Aravindha Avenue?

The current guideline value of Aravindha Avenue is Rs 226 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 225 per sq.ft in 2012 to Rs 151 per sq.ft in 2017, then increased to Rs 226 per sq.ft in 2023 and remained the same in 2024.

What is the land classification for Aravindha Avenue?

Aravindha Avenue is classified as Residential Class II Type - I.

Where can I find the registration office for Aravindha Avenue?

The registration office for Aravindha Avenue is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for properties in Koozhangacheri?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 2,26,000, the stamp duty would be Rs 15,820 at 7%.