Guideline Value for Avvai Salai other Street

Avvai Salai other Street guideline value

The current guideline value of Avvai Salai other Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Mugappair village under the Konnur SRO, classified as Residential Class III Type - I.

How the guideline value of Avvai Salai other Street has changed

The guideline value for Avvai Salai other Street has seen several revisions over the years. In 2012, the guideline value was Rs 3,000 per sq.ft. This figure remained unchanged until the next revision in 2017, where it decreased to Rs 2,010 per sq.ft, marking a drop of 33%. However, from 2017 to 2023, the value increased significantly to Rs 3,000 per sq.ft, reflecting a rise of 49%. The latest revision in 2024 brought the value to Rs 3,300 per sq.ft, an increase of 10% from the previous year.

It is important to note that there are no registered figures for Avvai Salai other Street in the revisions of 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Mugappair

In Mugappair village, there are 224 streets under the Konnur SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 8,800 per sq.ft. The median value for these streets is Rs 7,100 per sq.ft, placing Avvai Salai other Street's 2024 figure below that median.

• Avvai Nagar: Rs 3,800 per sq.ft (2024)
• Asirvatham Nagar: Rs 5,500 per sq.ft (2024)
• Bajanai Koil Street: Rs 3,800 per sq.ft (2024)
• Appu Flats: Rs 7,100 per sq.ft (2024)
• Anna Street: Rs 3,800 per sq.ft (2024)
• Anna Nagar West Extn: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Avvai Salai other Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Avvai Salai other Street?

The Sub Registrar Office covering Avvai Salai other Street is the Konnur Sub Registrar Office, located at 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 Mugappair

The guideline value plays a crucial role in the registration process when buying or selling property in Mugappair. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is transparent and fair.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. This process helps in maintaining a standardized approach to property transactions in the region.

Frequently asked questions

What is the current guideline value of Avvai Salai other Street?

The current guideline value of Avvai Salai other 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 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then back to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Avvai Salai other 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.

Which office handles registrations for Avvai Salai other Street?

The Konnur Sub Registrar Office handles registrations for Avvai Salai other Street, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the land classification for Avvai Salai other Street?

Avvai Salai other Street is classified as Residential Class III Type - I, indicating its suitability for residential development.