Guideline Value for AVP KANAGAM AVENUE

Avp Kanagam Avenue guideline value

The current guideline value of Avp Kanagam Avenue is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Kayirambedu village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - IV.

How the guideline value of Avp Kanagam Avenue has changed

Since the 2017 revision, the guideline value for Avp Kanagam Avenue has remained constant at Rs 1,600 per sq.ft. The 2023 revision also maintained this figure, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has not changed, reflecting a consistent valuation over the years. The current rate of Rs 1,600 per sq.ft was confirmed again in the 2024 revision, showing a 0% change from 2023 to 2024 and from 2017 to 2023.

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 of Avp Kanagam Avenue at Rs 1,600 per sq.ft is above this median.

• Avp Kanagam Avenue Phase - I: Rs 2,389 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, resulting in a total cost of Rs 1,44,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Avp Kanagam Avenue?

The Sub Registrar Office that covers Avp Kanagam 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 more information.

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

The guideline value is a crucial factor during property transactions in Kayirambedu, as it determines the minimum value at which property can be registered. Buyers and sellers must consider this value to ensure compliance with registration requirements and to calculate the applicable stamp duty and registration fees.

When a property is sold, the guideline value serves as a benchmark for the sale price. If the sale price is lower than the guideline value, the stamp duty will be calculated based on the guideline value to ensure that the government receives the appropriate revenue from the transaction.

Frequently asked questions

What is the current guideline value of Avp Kanagam Avenue?

The current guideline value of Avp Kanagam Avenue is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Avp Kanagam Avenue has remained unchanged at Rs 1,600 per sq.ft since the 2017 revision. There have been no changes in the values from 2017 to 2024.

What is the land classification of Avp Kanagam Avenue?

Avp Kanagam Avenue is classified as Residential Special Type - IV, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for properties in this area?

The stamp duty for properties in Avp Kanagam Avenue is 7%, and the registration fee is 2%. These fees are calculated based on the higher of the guideline value or the sale price.

Which office handles property registrations for Avp Kanagam Avenue?

The Chengleput Joint II Sub Registrar Office handles property registrations for Avp Kanagam Avenue, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.