Guideline Value for CHENDUR AVENUE

Chendur Avenue guideline value

The current guideline value of Chendur Avenue is Rs 4,180 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village under the Padappai SRO and is classified as Residential Special Type - IV.

How the guideline value of Chendur Avenue has changed

The guideline value for Chendur Avenue has seen changes over the years, with the most recent revision in 2024 setting it at Rs 4,180 per sq.ft, up from Rs 3,800 per sq.ft in the 2023 revision. This represents a 10% increase from the previous year.

Prior to the 2023 revision, there are no figures available for Chendur Avenue in the register for the years 2017, 2012, 2007, 2003, and 2002. Thus, the first recorded value for this street is from 2023.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value among these streets is Rs 2,310 per sq.ft, placing Chendur Avenue's 2024 figure above that median.

• Chennai Metro Politan Co Operative Society Ltd: Rs 1,980 per sq.ft (2024)
• Cheran Theru: Rs 1,980 per sq.ft (2024)
• Chitra Avenue: Rs 2,970 per sq.ft (2024)
• Casa Grande: Rs 2,640 per sq.ft (2024)
• Cholan Theru: Rs 1,980 per sq.ft (2024)
• Buddar Street: Rs 2,970 per sq.ft (2024)

Stamp duty and registration fee for property in Chendur Avenue

For a 1,000 sq.ft plot at the current rate of Rs 4,180 per sq.ft, the guideline value amounts to Rs 41,80,000. The stamp duty at 7% would be Rs 2,92,600, while the registration fee at 2% would be Rs 83,600. Together, the total cost for these fees would be Rs 3,76,200. It is important to note that the 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 Chendur Avenue?

The Sub Registrar Office that covers Chendur Avenue is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Perungalathur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that both buyers and sellers are aware of the official values assigned to properties.

When you buy or sell property, the guideline value helps in determining the legal obligations related to taxes and fees. It is crucial for both parties to understand this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Chendur Avenue?

The current guideline value of Chendur Avenue is Rs 4,180 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

Recently, the guideline value increased from Rs 3,800 per sq.ft in 2023 to Rs 4,180 per sq.ft in 2024, marking a 10% increase.

What is the land classification for Chendur Avenue?

Chendur Avenue is classified as Residential Special Type - IV.

Where can I find the registration office for Chendur Avenue?

The registration office for Chendur Avenue is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated for properties in Chendur Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 41,80,000, the stamp duty at 7% would be Rs 2,92,600.