Guideline Value for CHAITANYA AVENUE

Chaitanya Avenue guideline value

The current guideline value of Chaitanya Avenue, located in Kollappancheri village, is Rs 2,300 per sq.ft, effective from 1 July 2024. This street falls under the Poonamallee Sub Registrar Office (SRO) and is classified as Residential Class I Type - II.

How the guideline value of Chaitanya Avenue has changed

The guideline value register for Chaitanya Avenue shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision, effective from 1 July 2024, sets the guideline value at Rs 2,300 per sq.ft.

As there have been no figures listed for previous years, the 2024 figure stands alone without any comparative changes from earlier revisions.

Guideline values in Kollappancheri

In Kollappancheri, there are 7 streets under the Poonamallee SRO that carry a guideline value for 2024, ranging from Rs 550 to Rs 2,900 per sq.ft. The median value of these streets is Rs 2,300 per sq.ft, which is equal to the guideline value of Chaitanya Avenue.

• Homeland Klassic: Rs 2,900 per sq.ft (2024)
• Kamachi Nagar: Rs 550 per sq.ft (2024)
• Kamatchi Nagar 5/28b: Rs 1,720 per sq.ft (2024)
• Rakesh Avenue: Rs 1,720 per sq.ft (2024)
• Royal Castle Phase-I: Rs 2,300 per sq.ft (2024)
• Royal Castle Phase - II: Rs 2,300 per sq.ft (2024)

Stamp duty and registration fee for property in Chaitanya Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,300 per sq.ft, the total guideline value amounts to Rs 23,00,000. The stamp duty at 7% would be Rs 1,61,000, and the registration fee at 2% would be Rs 46,000, bringing the total to Rs 2,07,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chaitanya Avenue?

The Chaitanya Avenue falls under the jurisdiction of the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

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

When purchasing property in Kollappancheri, the guideline value is used to assess the transaction's legitimacy and to determine the taxes owed. It is essential for both parties to agree on a sale price that meets or exceeds the guideline value to avoid complications during the registration process.

Frequently asked questions

What is the current guideline value of Chaitanya Avenue?

The current guideline value of Chaitanya Avenue is Rs 2,300 per sq.ft, effective from 1 July 2024.

What are the land classification details for Chaitanya Avenue?

Chaitanya Avenue is classified as Residential Class I Type - II under the Poonamallee SRO.

How many streets in Kollappancheri have a guideline value for 2024?

There are 7 streets in Kollappancheri that have a guideline value for 2024, with values ranging from Rs 550 to Rs 2,900 per sq.ft.

What is the stamp duty rate applicable in Chaitanya Avenue?

The stamp duty rate applicable in Chaitanya Avenue is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Poonamallee Sub Registrar Office?

The Poonamallee Sub Registrar Office is located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.