Guideline Value for Avathar City

Avathar City guideline value

The current guideline value of Avathar City is Rs 700 per sq.ft, as per the 2023 revision. This area falls under Rathinamangalam village and is classified as Residential Class II Type - I. The relevant Sub Registrar Office for this location is Gooduvancheri SRO.

How the guideline value of Avathar City has changed

Looking at the historical revisions, the guideline value for Avathar City was Rs 700 per sq.ft in 2012. This figure remained unchanged until the next revision in 2017, where it decreased to Rs 469 per sq.ft. However, in the 2023 revision, the value increased significantly to Rs 700 per sq.ft again.

From 2017 to 2023, there was an increase of 49% in the guideline value. Overall, comparing the figures from 2012 to 2023, there has been no change, as the guideline value remains at Rs 700 per sq.ft.

Guideline values in Rathinamangalam

Currently, there are no specific guideline values provided for other streets in Rathinamangalam under the Gooduvancheri SRO. Therefore, the only available guideline value is for Avathar City.

Stamp duty and registration fee for property in Avathar City

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. It is important to note that the 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 more information.

Which Sub Registrar Office covers Avathar City?

The Sub Registrar Office that covers Avathar City is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

For more details, you can find your SRO.

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

The guideline value plays a crucial role in property transactions in Rathinamangalam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration requirements.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Avathar City?

The current guideline value of Avathar City is Rs 700 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value for Avathar City was Rs 700 per sq.ft in 2012, decreased to Rs 469 per sq.ft in 2017, and then increased back to Rs 700 per sq.ft in 2023.

What is the registration office for Avathar City?

The registration office for Avathar City is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Avathar City?

Stamp duty for properties in Avathar City is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

What is the land classification of Avathar City?

Avathar City is classified as Residential Class II Type - I, which indicates its designated use for residential purposes.