Guideline Value for Trinity Avenue

Trinity Avenue guideline value

The current guideline value of Trinity Avenue, located in Kovilpathagai village under the Ambattur SRO, is Rs 1,200 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Trinity Avenue has changed

The guideline value for Trinity Avenue has undergone several revisions over the years. The 2012 revision set the value at Rs 1,100 per sq.ft, which was then reduced to Rs 737 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,100 per sq.ft in 2023, and most recently, it has risen to Rs 1,200 per sq.ft in 2024, marking a 9% increase from the previous year.

In terms of percentage changes, the guideline value saw a 49% increase from 2017 to 2023. Additionally, the overall change from the 2012 revision to the 2024 revision is an increase of 9%. It is important to note that there are no figures available for Trinity Avenue in the revisions from 2002, 2003, and 2007.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO, with 2024 guideline values ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value in this area is Rs 870 per sq.ft, placing Trinity Avenue's 2024 figure above this median.

• Vaigundanathar Street: Rs 805 per sq.ft (2024)
• Vanianchatram High Road: Rs 880 per sq.ft (2024)
• Vannan Street: Rs 806 per sq.ft (2024)
• Vanna Tank: Rs 806 per sq.ft (2024)
• Vanniyar Street: Rs 805 per sq.ft (2024)
• Varatharajan Street: Rs 805 per sq.ft (2024)

Stamp duty and registration fee for property in Trinity Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty, charged at 7%, would be Rs 84,000, while the registration fee at 2% would be Rs 24,000. Together, these costs total Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Trinity Avenue?

The Sub Registrar Office that covers Trinity Avenue 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kovilpathagai. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction.

When a property is sold, the registration office uses the guideline value to assess the fees, ensuring that the transaction is recorded accurately. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Trinity Avenue?

The current guideline value of Trinity Avenue is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then to Rs 1,100 per sq.ft in 2023, and finally to Rs 1,200 per sq.ft in 2024.

What is the land classification for Trinity Avenue?

The land classification for Trinity Avenue is Residential Special Type - I.

Where is the Ambattur Sub Registrar Office located?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000, leading to a stamp duty of Rs 84,000.