The Stepan Avagyan Memorial is an annual, closed chess tournament hosted at the Jermuk Ashkarh Health Center in Jermuk, Armenia, in memory of Stepan Avagyan. It is a 10 player round-robin tournament. The time control is 90 minutes for the first 40 moves, followed by 30 minutes for the rest of the game, with a 30 second increment starting from move one.
Aravindh Chithambaram is the current champion.