Guideline Value for DAS AVENUE

Das Avenue guideline value

The current guideline value of Das Avenue, located in Thelliyaragaram village, is Rs 1,650 per sq.ft, effective from 1 July 2024. This property falls under the Chennai South Joint I SRO and is classified as Residential Class I Type - I.

How the guideline value of Das Avenue has changed

The guideline value for Das Avenue has seen several revisions over the years. In 2007, the value was set at Rs 150 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in 2012, marking a remarkable rise of 900%. However, in 2017, the value adjusted downwards to Rs 1,005 per sq.ft, a decrease of 33%. The value then rose again to Rs 1,500 per sq.ft in 2023, which was a 49% increase from the previous revision. The most recent revision in 2024 saw the guideline value increase to Rs 1,650 per sq.ft, reflecting a 10% rise from 2023.

It is important to note that the guideline register has no figures for Das Avenue in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 1000%.

Guideline values in Thelliyaragaram

Thelliyaragaram village has a range of guideline values across its 16 streets under the Chennai South Joint I SRO, with values ranging from Rs 770 to Rs 3,300 per sq.ft. The median guideline value in the village is Rs 1,210 per sq.ft, placing Das Avenue's 2024 figure above this median.

• Gangaiamman Koil Cross Street: Rs 1,100 per sq.ft (2024)
• Gangaiamman Koil Street: Rs 1,100 per sq.ft (2024)
• G.S.R.Garden: Rs 2,310 per sq.ft (2024)
• Amman Koil Street Colony: Rs 1,650 per sq.ft (2024)
• Kakanji Street: Rs 1,320 per sq.ft (2024)
• Ambethkar Street: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Das Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost for these fees to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Das Avenue?

Das Avenue is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Thelliyaragaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a buyer or seller engages in a property transaction, the guideline value helps ensure that the transaction is recorded at a fair value in the government records. This value is used to calculate the applicable taxes and fees, which are essential for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Das Avenue?

The current guideline value of Das Avenue is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Das Avenue has undergone several revisions, increasing from Rs 150 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, which is an overall increase of 1000%.

What is the median guideline value in Thelliyaragaram?

The median guideline value in Thelliyaragaram is Rs 1,210 per sq.ft, with Das Avenue's 2024 figure being above this median.

How are stamp duty and registration fees calculated for Das Avenue?

For a property in Das Avenue, the stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,48,500.

Which office handles registrations for Das Avenue?

The Chennai South Joint I Sub Registrar Office handles registrations for Das Avenue, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.