Guideline Value for CHAITHANYA AVENUE

Chaithanya Avenue guideline value

The current guideline value of Chaithanya Avenue in Alathur village, under the Avadi SRO, is Rs 330 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Chaithanya Avenue has changed

The guideline value for Chaithanya Avenue has undergone several revisions over the years. The earliest available figure is from the 2017 revision, which was Rs 201 per sq.ft. This increased to Rs 300 per sq.ft in the 2023 revision, marking a significant rise of 49%. The current 2024 revision reflects a further increase to Rs 330 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Alathur

In Alathur, seven streets under the Avadi SRO have a 2024 guideline value ranging from Rs 330 to Rs 420 per sq.ft, with a median value of Rs 330 per sq.ft. Chaithanya Avenue's 2024 figure aligns with this median value.

• Chaithanya Avenue Phase I: Rs 330 per sq.ft (2024)
• Chaithanya Avenue Phase II: Rs 330 per sq.ft (2024)
• Main City: Rs 330 per sq.ft (2024)
• Pakkam City: Rs 330 per sq.ft (2024)
• Pakkam City Phase I: Rs 330 per sq.ft (2024)
• Rajeswari Garden: Rs 420 per sq.ft (2024)

Stamp duty and registration fee for property in Chaithanya Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total fees together to Rs 29,700. 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 Chaithanya Avenue?

The Sub Registrar Office that covers Chaithanya Avenue is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Alathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When a property is sold, the guideline value is used to assess the applicable taxes, ensuring that both buyers and sellers are aware of their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value of Chaithanya Avenue?

The current guideline value of Chaithanya Avenue is Rs 330 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, and now to Rs 330 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What are the other streets in Alathur with similar guideline values?

Other streets in Alathur under the Avadi SRO have guideline values ranging from Rs 330 to Rs 420 per sq.ft. The median value for these streets is Rs 330 per sq.ft.

What are the stamp duty and registration fees for properties in Chaithanya Avenue?

For a property valued at Rs 3,30,000, the stamp duty would be Rs 23,100 and the registration fee would be Rs 6,600, totaling Rs 29,700. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Avadi Sub Registrar Office located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. This office handles the registration of properties in the area.