Guideline Value for D.S.AVENUE

D.S.Avenue guideline value

The current guideline value of D.S.Avenue is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-A village under the Avadi SRO, classified as Residential Class I Type - II.

How the guideline value of D.S.Avenue has changed

The guideline value for D.S.Avenue has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 770 per sq.ft, which is an increase from Rs 700 per sq.ft in 2023, marking a change of +10%. Prior to that, in 2017, the value was Rs 469 per sq.ft, showing a significant increase of +49% to reach the 2023 figure.

Overall, from 2017 to 2024, the guideline value has risen by +64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,750 per sq.ft, with a median of Rs 750 per sq.ft. D.S.Avenue's 2024 figure of Rs 770 per sq.ft is above this median.

• Drr Nagar: Rs 990 per sq.ft (2024)
• Durasami Avenue & Streets: Rs 750 per sq.ft (2024)
• E.B.Colony Streets: Rs 840 per sq.ft (2024)
• Ellammal Koil Street: Rs 440 per sq.ft (2024)
• Dollar County: Rs 750 per sq.ft (2024)
• Ennai Petra Thaiyar Nagar: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in D.S.Avenue

For a 1,000 sq.ft plot at the current rate of Rs 770 per sq.ft, the guideline value amounts to Rs 7,70,000. The stamp duty is charged at 7%, which totals Rs 53,900, and the registration fee at 2% amounts to Rs 15,400. Together, the total fees would be Rs 69,300. 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 details.

Which Sub Registrar Office covers D.S.Avenue?

The Sub Registrar Office that covers D.S.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 Thiruninravur-A

The guideline value is a crucial factor when registering property transactions in Thiruninravur-A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for D.S.Avenue?

The current guideline value for D.S.Avenue is Rs 770 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From 2023 to 2024, the guideline value increased by +10%. Overall, from 2017 to 2024, the increase is +64%.

What is the land classification for D.S.Avenue?

D.S.Avenue is classified as Residential Class I Type - II under the Avadi SRO.

Where can I find the registration office for D.S.Avenue?

The registration office for D.S.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.

How is the stamp duty calculated for property in D.S.Avenue?

The stamp duty for property in D.S.Avenue is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would amount to Rs 53,900 based on the current guideline value.