Guideline Value for Vivek Akbar Avenue Extn

Vivek Akbar Avenue Extn guideline value

The current guideline value of Vivek Akbar Avenue Extn is Rs 605 per sq.ft, effective from 1 July 2024. This street is located in Theerthangiriyampattu village, under the Redhills SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Vivek Akbar Avenue Extn has changed

The guideline value for Vivek Akbar Avenue Extn has seen several revisions over the years. The oldest recorded figure is from the 2017 revision, which was Rs 368 per sq.ft. This value increased to Rs 550 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 shows a further increase to Rs 605 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Theerthangiriyampattu

In Theerthangiriyampattu, there are 24 streets under the Redhills SRO that carry a guideline value for 2024, ranging from Rs 330 to Rs 880 per sq.ft. The median guideline value for these streets is Rs 605 per sq.ft, which is equal to the guideline value for Vivek Akbar Avenue Extn.

• Vivek Akbar Avenue: Rs 605 per sq.ft (2024)
• V.O.C. Street: Rs 605 per sq.ft (2024)
• Thiru.Vi.Ka. Street: Rs 440 per sq.ft (2024)
• Thiruvalluvar Street: Rs 605 per sq.ft (2024)
• Thargass Road: Rs 770 per sq.ft (2024)
• Sothupakkam Salai: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Vivek Akbar Avenue Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 605 per sq.ft, the total guideline value would be Rs 6,05,000. The stamp duty, charged at 7%, would amount to Rs 42,350, while the registration fee at 2% would be Rs 12,100. Together, these fees would total Rs 54,450. Please 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 further calculations.

Which Sub Registrar Office covers Vivek Akbar Avenue Extn?

The Vivek Akbar Avenue Extn falls under the jurisdiction of the Redhills Sub Registrar Office. The office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial aspect when registering property transactions in Theerthangiriyampattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the transaction's legitimacy and ensures that the property is not undervalued. This process protects both buyers and sellers by providing a standardized valuation method.

Frequently asked questions

What is the current guideline value of Vivek Akbar Avenue Extn?

The current guideline value of Vivek Akbar Avenue Extn is Rs 605 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 368 per sq.ft in 2017 to Rs 605 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the stamp duty and registration fees for property in Vivek Akbar Avenue Extn?

For a 1,000 sq.ft plot, the total guideline value is Rs 6,05,000, leading to a stamp duty of Rs 42,350 and a registration fee of Rs 12,100, totaling Rs 54,450.

Which Sub Registrar Office covers this area?

The Redhills Sub Registrar Office covers Vivek Akbar Avenue Extn, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the land classification for Vivek Akbar Avenue Extn?

The land classification for Vivek Akbar Avenue Extn is Residential Special Type - I, indicating its intended use for residential purposes.