Guideline Value for DHEERAN AVENUE

Dheeran Avenue guideline value

The current guideline value of Dheeran Avenue in Agaramthen village, under the Tambaram Joint 1 SRO, is Rs 2,310 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - IV.

How the guideline value of Dheeran Avenue has changed

The guideline value for Dheeran Avenue has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,310 per sq.ft, an increase from the 2023 revision, which was Rs 2,100 per sq.ft. Notably, there was no change in the value from the 2017 revision, which also stood at Rs 2,100 per sq.ft.

Looking back further, the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 10%.

Guideline values in Agaramthen

Agaramthen village has a total of 125 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 3,700 per sq.ft, with a median value of Rs 830 per sq.ft. Dheeran Avenue's current guideline value is above this median.

• Dheeran Avenue -II: Rs 2,310 per sq.ft (2024)
• Dollars Colony Phase I: Rs 3,300 per sq.ft (2024)
• Eastern Gate Of Daniel: Rs 3,300 per sq.ft (2024)
• Easwaran Koil Cross Street: Rs 550 per sq.ft (2024)
• Easwaran Koil Street: Rs 550 per sq.ft (2024)
• Evergreen Enclave Phase IV: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Dheeran Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,310 per sq.ft, the total guideline value would be Rs 23,10,000. The stamp duty at 7% would amount to Rs 1,61,700, and the registration fee at 2% would be Rs 46,200, bringing the total to Rs 2,07,900. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dheeran Avenue?

The Sub Registrar Office that covers Dheeran Avenue is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Agaramthen. It serves as the basis for calculating the stamp duty and registration fees that must be paid when a property is sold or purchased.

When buyers and sellers engage in a transaction, the guideline value ensures that the property is registered at a fair value, reflecting the official rates set by the government. This process helps maintain transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Dheeran Avenue?

The current guideline value of Dheeran Avenue is Rs 2,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 2,100 per sq.ft from 2017 to 2023, but increased to Rs 2,310 per sq.ft in 2024, marking a 10% increase from the previous year.

What is the land classification for Dheeran Avenue?

The land classification for Dheeran Avenue is Residential Special Type - IV.

Where can I find the Sub Registrar Office for Dheeran Avenue?

The Sub Registrar Office for Dheeran Avenue is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in Dheeran Avenue?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 23,10,000, the stamp duty would be Rs 1,61,700 at 7%.