Guideline Value for Avvaiyar Street (Ward 11, Ward 16)

Avvaiyar Street (Ward 11, Ward 16) guideline value

The current guideline value of Avvaiyar Street (Ward 11, Ward 16) is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Gooduvancheri village, under the Gooduvancheri SRO, and is classified as Residential Class I Type - I.

How the guideline value of Avvaiyar Street (Ward 11, Ward 16) has changed

The guideline value for Avvaiyar Street has remained stable at Rs 1,200 per sq.ft from the 2023 revision to the 2024 revision, indicating no change in value. Looking back further, the guideline value increased from Rs 804 per sq.ft in the 2017 revision to Rs 1,200 per sq.ft in the 2023 revision, marking a significant increase of 49% over this period.

For the years 2002, 2003, 2007, and 2012, the register has no figure for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,500 per sq.ft, placing Avvaiyar Street's current value below this median.

• Bajanai kovil Street: Rs 1,200 per sq.ft (2024)
• Arul Nagar: Rs 2,001 per sq.ft (2024)
• Balaji Street: Rs 2,001 per sq.ft (2024)
• Balarama Naidu Street: Rs 2,001 per sq.ft (2024)
• Annamalai Nagar: Rs 1,200 per sq.ft (2024)
• Bharathidasan Street (Ward 14, 16): Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Avvaiyar Street (Ward 11, Ward 16)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total fees to Rs 1,08,000. Duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Avvaiyar Street (Ward 11, Ward 16)?

The Sub Registrar Office that covers Avvaiyar Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an important factor in the registration process when buying or selling property in Gooduvancheri. 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 sold, the guideline value ensures that the government receives appropriate revenue through these fees, based on the assessed value of the property. This value helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Avvaiyar Street?

The current guideline value of Avvaiyar Street (Ward 11, Ward 16) is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. It has remained stable at Rs 1,200 per sq.ft from the 2023 revision to the 2024 revision.

What is the land classification for Avvaiyar Street?

Avvaiyar Street is classified as Residential Class I Type - I. This classification impacts the guideline value and the type of properties that can be developed in the area.

Where can I find the registration office for Avvaiyar Street?

The Gooduvancheri Sub Registrar Office covers Avvaiyar Street and is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Gooduvancheri?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. This ensures that the government receives appropriate fees during property transactions.