Guideline Value for FRENDS AVENUE

Frends Avenue guideline value

The current guideline value of Frends Avenue is Rs 6,000 per sq.ft as per the 2024 revision, effective from 1 July 2024. This street is located in Arumbakkam village, under the Kodambakkam SRO, and is classified as Residential Special Type - II.

How the guideline value of Frends Avenue has changed

The guideline value of Frends Avenue has undergone several revisions since 2007. In 2007, the value was Rs 1,500 per sq.ft, which increased significantly to Rs 5,500 per sq.ft in 2012, marking a rise of 267%. However, the value decreased to Rs 3,685 per sq.ft in 2017, a decline of 33%. The value then rose to Rs 5,500 per sq.ft in 2023, and finally reached Rs 6,000 per sq.ft in 2024, reflecting a change of 9% from the previous year.

There are no figures available in the register for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 300%.

Guideline values in Arumbakkam

Frends Avenue's 2024 guideline value of Rs 6,000 per sq.ft aligns with the median value of Rs 6,000 per sq.ft for the 391 streets in Arumbakkam under the Kodambakkam SRO, which range from Rs 3,300 to Rs 16,500 per sq.ft.

• Flowers Road (Pookaran Street): Rs 6,000 per sq.ft (2024)
• Eswari Nagar: Rs 3,300 per sq.ft (2024)
• Gandhi Nagar II Nd Street: Rs 5,300 per sq.ft (2024)
• Gandhi Nagar I St Street: Rs 5,300 per sq.ft (2024)
• Gandhi Nagar (Panjaliamman Koil Inside): Rs 5,300 per sq.ft (2024)
• Gandhi Road: Rs 6,000 per sq.ft (2024)

Stamp duty and registration fee for property in Frends Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 6,000 per sq.ft, the total guideline value would be Rs 60,00,000. The stamp duty at 7% would amount to Rs 4,20,000, and the registration fee at 2% would be Rs 1,20,000, bringing the total fees to Rs 5,40,000. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Frends Avenue?

The Sub Registrar Office that covers Frends Avenue is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Arumbakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees payable at the time of registration.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements during the property registration process. The registration office will use this value to assess the fees applicable to the transaction.

Frequently asked questions

What is the current guideline value of Frends Avenue?

The current guideline value of Frends Avenue is Rs 6,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2007 to Rs 6,000 per sq.ft in 2024, reflecting an overall increase of 300% over the years.

What is the land classification for Frends Avenue?

Frends Avenue is classified as Residential Special Type - II under the Kodambakkam SRO.

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

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated for properties in Frends Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 60,00,000, the stamp duty would be Rs 4,20,000 at a rate of 7%.