Guideline Value for Avenue Park

Avenue Park guideline value

The current guideline value of Avenue Park in Puthupattinam village is Rs 935 per sq.ft, effective from 1 July 2024. This property falls under the Thirukazhukundram SRO and is classified as Commercial Class I Type - I.

How the guideline value of Avenue Park has changed

Over the years, the guideline value for Avenue Park has seen significant changes. The register has no figures for this street for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 569 per sq.ft, which increased to Rs 935 per sq.ft in the 2024 revision, marking a change of +64%.

The 2024 guideline value of Rs 935 per sq.ft is a notable increase from the previous year. This change reflects the ongoing adjustments in property values within the region.

Guideline values in Puthupattinam

In Puthupattinam, there are 65 streets under the Thirukazhukundram SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 1,300 per sq.ft. Avenue Park's 2024 figure of Rs 935 per sq.ft is above the median of Rs 495 per sq.ft for this area.

• Anbu Garden: Rs 730 per sq.ft (2024)
• Sakthi Nagar: Rs 555 per sq.ft (2024)
• Rbr Nagar: Rs 730 per sq.ft (2024)
• 259/4 No Name Layout: Rs 495 per sq.ft (2024)
• Abdul Kalam Avenue Ext: Rs 495 per sq.ft (2024)
• Ahfiya Garden: Rs 495 per sq.ft (2024)

Stamp duty and registration fee for property in Avenue Park

For a 1,000 sq.ft plot at the current guideline value of Rs 935 per sq.ft, the total guideline value would be Rs 9,35,000. The stamp duty at 7% would amount to Rs 65,450, and the registration fee at 2% would be Rs 18,700, bringing the total fees to Rs 84,150. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Avenue Park?

The Sub Registrar Office that covers Avenue Park is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration of property transactions in Puthupattinam. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value ensures that both parties are aware of the official valuation of the property, which aids in maintaining transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of Avenue Park?

The current guideline value of Avenue Park is Rs 935 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased from Rs 569 per sq.ft to Rs 935 per sq.ft, which is a change of +64%.

What is the land classification of Avenue Park?

Avenue Park is classified as Commercial Class I Type - I under the Thirukazhukundram SRO.

What are the stamp duty and registration fees for a property in Avenue Park?

For a property valued at Rs 9,35,000, the stamp duty would be Rs 65,450 and the registration fee would be Rs 18,700, totaling Rs 84,150.

Which office handles the registration for Avenue Park?

The registration for Avenue Park is handled by the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.