Guideline Value for abi krishna avenue

Abi Krishna Avenue guideline value

The current guideline value of Abi Krishna Avenue is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Thailavaram village, under the Chengleput Joint II SRO, and is classified as Mixed Type - III land.

How the guideline value of Abi Krishna Avenue has changed

The guideline value for Abi Krishna Avenue has undergone several revisions over the years. In 2012, the guideline value was Rs 800 per sq.ft. This figure dropped to Rs 536 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 800 per sq.ft, representing a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 880 per sq.ft, which is a 10% increase from the previous year’s rate of Rs 800 per sq.ft.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a net increase of 10%.

Guideline values in Thailavaram

In Thailavaram village, there are 132 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 770 per sq.ft. The guideline value of Abi Krishna Avenue is above this median.

• Aathiparassakthi Street (Ward-20): Rs 881 per sq.ft (2024)
• Ambedkar Street Thailavaram (Ward-21): Rs 660 per sq.ft (2024)
• Ambedkar Street (Ward -1): Rs 660 per sq.ft (2024)
• Ambedkar Street (Ward -20): Rs 881 per sq.ft (2024)
• Amman Koil Street (Ward-20): Rs 881 per sq.ft (2024)
• Annai Indra Street (Ward-21): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Abi Krishna Avenue

For a 1,000 sq.ft plot at the current rate of Rs 880 per sq.ft, the guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, totaling Rs 79,200. 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 information.

Which Sub Registrar Office covers Abi Krishna Avenue?

The Sub Registrar Office that covers Abi Krishna Avenue is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor in the registration process when buying or selling property in Thailavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Abi Krishna Avenue?

The current guideline value of Abi Krishna Avenue is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification of Abi Krishna Avenue?

Abi Krishna Avenue is classified as Mixed Type - III land, which indicates its diverse usage potential.

What are the stamp duty and registration fees for property in Abi Krishna Avenue?

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which office handles the registration for Abi Krishna Avenue?

The Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, handles the registration for Abi Krishna Avenue.