Guideline Value for Avvai Nagar Kambar Street

Avvai Nagar Kambar Street guideline value

The current guideline value of Avvai Nagar Kambar Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Konnur village and falls under the Konnur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Avvai Nagar Kambar Street has changed

Since the 2002 revision, the guideline value for Avvai Nagar Kambar Street has seen significant changes. In 2002, the guideline value was Rs 188 per sq.ft. This increased to Rs 204 per sq.ft in 2003, marking a change of +9%. The value then rose dramatically to Rs 500 per sq.ft in 2007, which was an increase of +145%. Following this, the guideline value jumped to Rs 5,000 per sq.ft in 2012, representing a substantial increase of +900%. However, it decreased to Rs 3,350 per sq.ft in 2017, a drop of -33%. The value then increased again to Rs 5,000 per sq.ft in 2023, before reaching the current figure of Rs 5,500 per sq.ft in 2024, reflecting a change of +10%.

Overall, from 2002 to 2024, the guideline value has increased by +2826%. There are no revisions with no figure for this street in the register.

Guideline values in Konnur

In Konnur, there are 249 streets under the Konnur SRO with a 2024 guideline value ranging from Rs 2,750 to Rs 7,100 per sq.ft. The median value for these streets is Rs 3,800 per sq.ft, placing Avvai Nagar Kambar Street's 2024 figure above that median.

• Avvai Street: Rs 5,500 per sq.ft (2024)
• Athilakshmi Nagar: Rs 3,800 per sq.ft (2024)
• Baba Nagar 10th street and Cross Street: Rs 5,500 per sq.ft (2024)
• Baba Nagar 11th street and Cross Street: Rs 5,500 per sq.ft (2024)
• Baba Nagar 12th street and Cross Street: Rs 5,500 per sq.ft (2024)
• Baba Nagar 13th street and Cross Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Avvai Nagar Kambar Street

For a 1,000 sq.ft plot at the current rate of Rs 5,500 per sq.ft, the guideline value is Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total to Rs 4,95,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Avvai Nagar Kambar Street?

The Sub Registrar Office that covers Avvai Nagar Kambar Street is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

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

The guideline value is an important factor when registering property transactions in Konnur. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value according to government standards.

When buying or selling property, the guideline value affects the stamp duty and registration fees payable. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher, impacting the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Avvai Nagar Kambar Street?

The current guideline value of Avvai Nagar Kambar Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 188 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, representing a total increase of +2826% over the years.

What is the land classification for Avvai Nagar Kambar Street?

The land classification for Avvai Nagar Kambar Street is Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

Where is the Konnur Sub Registrar Office located?

The Konnur Sub Registrar Office is located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.