Guideline Value for Nethaji Aveanu

Nethaji Aveanu guideline value

The current guideline value of Nethaji Aveanu is Rs 1,800 per sq.ft, effective from 1 July 2024. This street is located in Puthagaram village under the Ambattur SRO, classified as Residential Class I Type - II.

How the guideline value of Nethaji Aveanu has changed

The guideline value for Nethaji Aveanu has undergone several revisions over the years. In the 2012 revision, the guideline value was Rs 1,700 per sq.ft, which decreased to Rs 1,139 per sq.ft in the 2017 revision. This was a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 1,700 per sq.ft. The most recent revision in 2024 saw a further increase to Rs 1,800 per sq.ft, marking a 6% rise from the previous year.

It is important to note that the register has no figures for Nethaji Aveanu for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Puthagaram

Puthagaram village has a total of 140 streets under the Ambattur SRO, with guideline values ranging from Rs 1,200 to Rs 3,800 per sq.ft. The median guideline value in this area is Rs 1,900 per sq.ft, which means that Nethaji Aveanu's 2024 figure is below this median.

• Padmanaba Nagar: Rs 1,600 per sq.ft (2024)
• Padma Nagar: Rs 1,800 per sq.ft (2024)
• Padma Nagar Extn.: Rs 1,800 per sq.ft (2024)
• Pandian Nagar: Rs 1,600 per sq.ft (2024)
• Pattammal Nagar: Rs 1,600 per sq.ft (2024)
• M.K.M.Nagar: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Nethaji Aveanu

For a 1,000 sq.ft plot at the current rate of Rs 1,800 per sq.ft, the guideline value amounts to Rs 18,00,000. The stamp duty at 7% would be Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, totaling Rs 1,62,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nethaji Aveanu?

The Sub Registrar Office that covers Nethaji Aveanu is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Puthagaram. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

Frequently asked questions

What is the current guideline value of Nethaji Aveanu?

The current guideline value of Nethaji Aveanu is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,700 per sq.ft in 2012 to Rs 1,139 per sq.ft in 2017, then back to Rs 1,700 per sq.ft in 2023, and finally to Rs 1,800 per sq.ft in 2024.

What are the guideline values in Puthagaram village?

The guideline values in Puthagaram range from Rs 1,200 to Rs 3,800 per sq.ft, with a median value of Rs 1,900 per sq.ft.

What is the stamp duty for property in Nethaji Aveanu?

The stamp duty for a property in Nethaji Aveanu is 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would be Rs 1,26,000.

Which office handles registrations for Nethaji Aveanu?

The Ambattur Sub Registrar Office handles registrations for Nethaji Aveanu, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.