Guideline Value for Avvaiyar Street

Avvaiyar Street guideline value

The current guideline value of Avvaiyar Street in Maathoor village, under the Sunguvarchattram SRO, is Rs 500 per sq.ft, effective from 1 July 2024. This street falls under the Residential Special Type - III land classification.

How the guideline value of Avvaiyar Street has changed

The guideline value for Avvaiyar Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 500 per sq.ft. This remained unchanged in the 2017 revision, where it was Rs 335 per sq.ft, marking a decrease of 33%. The 2023 revision brought it back to Rs 500 per sq.ft, which was maintained in the 2024 revision, showing no change between these two years. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been no change, as the 2024 figure of Rs 500 per sq.ft is equal to the 2012 figure.

Guideline values in Maathoor

In Maathoor village, there are 47 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 2,687 per sq.ft. The median value for these streets is Rs 500 per sq.ft, which is the same as the guideline value for Avvaiyar Street.

• Bajani Kovil Street: Rs 500 per sq.ft (2024)
• Arunagiriyar Street: Rs 500 per sq.ft (2024)
• Bharathi Street: Rs 500 per sq.ft (2024)
• Angu Nagar: Rs 250 per sq.ft (2024)
• Angallamman Kovil Street: Rs 505 per sq.ft (2024)
• Angallamman Kovil Main Road: Rs 505 per sq.ft (2024)

Stamp duty and registration fee for property in Avvaiyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, making the total charges Rs 45,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Avvaiyar Street?

The Sub Registrar Office that covers Avvaiyar Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Maathoor, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is set by the government and is used to assess the value of the property for taxation purposes.

At the time of registration, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Avvaiyar Street?

The current guideline value of Avvaiyar Street is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft since the 2012 revision, with a decrease to Rs 335 per sq.ft in 2017, followed by a return to Rs 500 per sq.ft in 2023 and 2024.

What is the land classification for Avvaiyar Street?

Avvaiyar Street falls under the Residential Special Type - III land classification.

What are the stamp duty and registration fees for property in Avvaiyar Street?

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 and the registration fee would be Rs 10,000, totaling Rs 45,000.

Where is the Sub Registrar Office for Avvaiyar Street located?

The Sub Registrar Office for Avvaiyar Street is located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.