Guideline Value for OLIVE AVENUE PHASE -III

Olive Avenue Phase -III guideline value

The current guideline value for Olive Avenue Phase -III is Rs 175 per sq.ft, effective from 1 July 2024. This property is located in Aamoor village, under the Ponneri SRO, and is classified as Residential Class II Type - III.

How the guideline value of Olive Avenue Phase -III has changed

The guideline value for Olive Avenue Phase -III has remained consistent at Rs 175 per sq.ft for the 2023 and 2024 revisions. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

From the 2023 revision to the 2024 revision, there has been a change of +0%, indicating no increase in the guideline value during this period. The lack of data for previous years means that the historical changes in guideline value for this street are not documented.

Guideline values in Aamoor

Aamoor village has a range of guideline values across its streets, with figures for 2024 varying from Rs 175 to Rs 800 per sq.ft. The median guideline value in the village is Rs 200 per sq.ft, placing Olive Avenue Phase -III's value below this median.

• Olive Avenue Phase -II: Rs 175 per sq.ft (2024)
• Manimegalai Nagar: Rs 200 per sq.ft (2024)
• Sakthi Sai Nagar: Rs 400 per sq.ft (2024)
• Kumarasamy Green Field: Rs 200 per sq.ft (2024)
• Sri Srinivasa Nagar: Rs 400 per sq.ft (2024)
• Velammal Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Olive Avenue Phase -III

For a 1,000 sq.ft plot at the current rate of Rs 175 per sq.ft, the guideline value amounts to Rs 1,75,000. The stamp duty is charged at 7%, which totals Rs 12,250, and the registration fee at 2% amounts to Rs 3,500. Together, the total fees would be Rs 15,750. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Olive Avenue Phase -III?

The Olive Avenue Phase -III property falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Aamoor. It determines the minimum value at which a property can be registered, ensuring that the transaction is legally recognized and that the appropriate taxes are paid.

When a buyer or seller engages in a transaction, the guideline value serves as a benchmark for calculating stamp duty and registration fees. This ensures transparency and standardization in property dealings within the region.

Frequently asked questions

What is the current guideline value of Olive Avenue Phase -III?

The current guideline value of Olive Avenue Phase -III is Rs 175 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Olive Avenue Phase -III has remained at Rs 175 per sq.ft for both the 2023 and 2024 revisions. There are no recorded figures for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

What is the median guideline value in Aamoor?

The median guideline value in Aamoor is Rs 200 per sq.ft, which is higher than the Rs 175 per sq.ft value of Olive Avenue Phase -III for 2024.

What are the stamp duty and registration fees for property in Olive Avenue Phase -III?

For a 1,000 sq.ft plot valued at Rs 1,75,000, the stamp duty is Rs 12,250 and the registration fee is Rs 3,500, totaling Rs 15,750. Duty is charged on the higher of the guideline value or the sale price.

Where is the Ponneri Sub Registrar Office located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles the registration of properties in the Olive Avenue Phase -III area.