Guideline Value for AVP KANAGAM AVENUE PHASE - I

Avp Kanagam Avenue Phase - I guideline value

The current guideline value of Avp Kanagam Avenue Phase - I is Rs 2,389 per sq.ft, effective from 1 July 2024. This street is located in Kayirambedu village, under the Chengleput Joint II SRO, and falls under the land classification of Mixed Special Type - II.

How the guideline value of Avp Kanagam Avenue Phase - I has changed

The guideline value for Avp Kanagam Avenue Phase - I has remained consistent in recent revisions. In the 2023 revision, the guideline value was Rs 2,389 per sq.ft, which did not change from the previous 2024 revision, also set at Rs 2,389 per sq.ft. There are no figures available for the revisions from 2002, 2003, 2007, 2012, and 2017 for this street.

Thus, the guideline value has seen no change between the 2023 and 2024 revisions, maintaining a steady rate of Rs 2,389 per sq.ft throughout this period.

Guideline values in Kayirambedu

In Kayirambedu village, there are 120 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 400 to Rs 3,550 per sq.ft, with a median value of Rs 700 per sq.ft. The guideline value for Avp Kanagam Avenue Phase - I is above this median, indicating a higher valuation compared to many other streets in the area.

• Avp Kanagam Avenue: Rs 1,600 per sq.ft (2024)
• Avvai Nagar: Rs 700 per sq.ft (2024)
• Baby Nagar: Rs 700 per sq.ft (2024)
• Bhavanipuram: Rs 700 per sq.ft (2024)
• Anandam Avenue: Rs 900 per sq.ft (2024)
• Blue Bell Avenue: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Avp Kanagam Avenue Phase - I

For a 1,000 sq.ft plot at the current guideline value of Rs 2,389 per sq.ft, the total guideline value would be Rs 23,89,000. The stamp duty, calculated at 7%, would amount to Rs 1,67,230, while the registration fee at 2% would be Rs 47,780, bringing the total cost for these fees to Rs 2,15,010. 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 Avp Kanagam Avenue Phase - I?

The Sub Registrar Office that covers Avp Kanagam Avenue Phase - I 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 more details.

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

The guideline value is a critical factor in the registration of property transactions in Kayirambedu. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the transaction is documented accurately in the official records.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are essential for the legal transfer of property ownership. This ensures transparency and compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of Avp Kanagam Avenue Phase - I?

The current guideline value of Avp Kanagam Avenue Phase - I is Rs 2,389 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Avp Kanagam Avenue Phase - I has remained unchanged at Rs 2,389 per sq.ft from the 2023 revision to the 2024 revision. There are no figures available for the revisions from 2002, 2003, 2007, 2012, and 2017 for this street.

What is the land classification for Avp Kanagam Avenue Phase - I?

Avp Kanagam Avenue Phase - I is classified as Mixed Special Type - II, indicating its diverse usage potential within the area.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Avp Kanagam Avenue Phase - I?

Stamp duty for properties in Avp Kanagam Avenue Phase - I is calculated based on the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot at the guideline value of Rs 2,389 per sq.ft, the stamp duty would be Rs 1,67,230.