Guideline Value for Avvaiyar Street

Avvaiyar Street guideline value

The current guideline value of Avvaiyar Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in 5. Athipattu village under the Konnur SRO and is classified as Residential Class I Type - II.

How the guideline value of Avvaiyar Street has changed

The guideline value for Avvaiyar Street has seen several revisions. The oldest recorded value is from the 2017 revision, which was Rs 1,340 per sq.ft. This increased to Rs 2,000 per sq.ft in the 2023 revision, marking a 49% rise. The current value for 2024 is Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no recorded figures for this street in the revisions for the years 2002, 2003, 2007, and 2012.

Guideline values in 5. Athipattu

In 5. Athipattu village, there are 119 streets under the Konnur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 7,650 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which is the same as the current guideline value for Avvaiyar Street.

• Ayanampakkam Road: Rs 2,200 per sq.ft (2024)
• Atlantis: Rs 5,339 per sq.ft (2024)
• Athipattu Main Road: Rs 2,200 per sq.ft (2024)
• Athiamaan Street(Chelliamman nagar): Rs 2,200 per sq.ft (2024)
• Baba Nagar: Rs 4,400 per sq.ft (2024)
• Bajanai Kovil Street: Rs 1,600 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 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Avvaiyar Street?

The Sub Registrar Office that covers Avvaiyar Street is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value plays a crucial role in property transactions in 5. Athipattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling a property, the guideline value is used to calculate the applicable stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. It is essential for buyers and sellers to be aware of the current guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Avvaiyar Street?

The current guideline value of Avvaiyar Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, reflecting a total increase of 64% over the years.

What is the registration office for Avvaiyar Street?

The registration office for Avvaiyar Street is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is stamp duty calculated for properties in Avvaiyar Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value results in a total stamp duty of Rs 1,54,000.

What are the other streets in 5. Athipattu with their guideline values?

Other streets in 5. Athipattu include Ayanampakkam Road, Athipattu Main Road, and several others, with guideline values ranging from Rs 1,100 to Rs 7,650 per sq.ft.