Guideline Value for Avudayamman Street

Avudayamman Street guideline value

The current guideline value of Avudayamman Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO, classified as Residential Class IV Type - II.

How the guideline value of Avudayamman Street has changed

The guideline value of Avudayamman Street has seen several revisions over the years. In the 2007 revision, the value was Rs 800 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in the 2012 revision. However, this value decreased to Rs 2,010 per sq.ft in the 2017 revision, before rising again to Rs 3,000 per sq.ft in 2023. The latest revision in 2024 has set the guideline value at Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 313%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO, with 2024 guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, placing Avudayamman Street's 2024 figure below this median.

• Avvai Street (Ethiraj Nagar): Rs 4,900 per sq.ft (2024)
• Avvaiyar Street J.Khanpet: Rs 4,100 per sq.ft (2024)
• Avvaiyar Street (M.G.R. Nagar): Rs 3,300 per sq.ft (2024)
• Ayyappan Sannathi Street Block 37: Rs 4,900 per sq.ft (2024)
• Ayyappan Street Block 37: Rs 4,900 per sq.ft (2024)
• Ayyavupuram Kambar Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Avudayamman Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. 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 details.

Which Sub Registrar Office covers Avudayamman Street?

The Sub Registrar Office covering Avudayamman Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is considered in conjunction with the sale price. The duty is charged on the higher of the two values, ensuring that the correct fees are collected based on the property's worth.

Frequently asked questions

What is the current guideline value of Avudayamman Street?

The current guideline value of Avudayamman Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, an overall increase of 313% across the revisions.

What is the median guideline value in Kodambakkam?

The median guideline value in Kodambakkam is Rs 4,900 per sq.ft, with Avudayamman Street's 2024 value being below this median.

What are the stamp duty and registration fees for Avudayamman Street?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Where is the Sub Registrar Office for Avudayamman Street located?

The Ashok Nagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.