Guideline Value for Avaishanmugam Street

Avaishanmugam Street guideline value

The current guideline value of Avaishanmugam Street is Rs 1,100 per sq.ft. This street is located in Thiruvallur village, under the Tiruvallur Joint 1 SRO, and is classified as Residential Class I Type - III.

How the guideline value of Avaishanmugam Street has changed

The guideline value for Avaishanmugam Street has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in the 2012 revision. However, this figure decreased to Rs 670 per sq.ft in the 2017 revision. The 2023 revision saw an increase to Rs 1,000 per sq.ft, and the most recent 2024 revision has set the guideline value at Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 450%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thiruvallur

In Thiruvallur village, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft. The median value is Rs 1,100 per sq.ft, which is equal to the current guideline value of Avaishanmugam Street.

• Athiyaman Street: Rs 550 per sq.ft (2024)
• Assori Street: Rs 2,200 per sq.ft (2024)
• Arun Excello Apartment: Rs 1,100 per sq.ft (2024)
• Aroram Nagar: Rs 1,100 per sq.ft (2024)
• Aringar anna Street: Rs 550 per sq.ft (2024)
• Aringar anna Cross Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Avaishanmugam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty, charged at 7%, would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Avaishanmugam Street?

The Sub Registrar Office that covers Avaishanmugam Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Thiruvallur. It is used to determine the stamp duty and registration fees payable at the time of registration. Buyers and sellers must be aware that these fees are based on the guideline value or the sale price, whichever is higher.

When purchasing or selling property, it is essential to consider the guideline value as it ensures that the transaction is compliant with local regulations. This helps in maintaining transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Avaishanmugam Street?

The current guideline value of Avaishanmugam Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, showing an overall increase of 450% over this period.

What are the stamp duty rates for property in Avaishanmugam Street?

The stamp duty for property transactions in Avaishanmugam Street is charged at 7% of the guideline value or sale price, whichever is higher.

Which office handles property registrations for Avaishanmugam Street?

The Tiruvallur Joint 1 Sub Registrar Office handles property registrations for Avaishanmugam Street, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What is the land classification of Avaishanmugam Street?

Avaishanmugam Street is classified as Residential Class I Type - III, which is important for determining the applicable guidelines and regulations for property transactions.