Guideline Value for CHINNASAMY AVENUE

Chinnasamy Avenue guideline value

The current guideline value of Chinnasamy Avenue in Kovilkuppam village is Rs 300 per sq.ft, effective from 1 July 2024. This property falls under the jurisdiction of the Manavalanagar SRO and is classified as Residential Class III Type - I.

How the guideline value of Chinnasamy Avenue has changed

The guideline value for Chinnasamy Avenue has seen several revisions over the years. In the 2012 revision, the value was set at Rs 300 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 201 per sq.ft, a decrease of 33%. However, by the 2023 revision, the value increased significantly to Rs 300 per sq.ft, marking a 49% rise. The current 2024 revision maintains this value at Rs 300 per sq.ft, indicating no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Chinnasamy Avenue. Overall, from 2012 to 2024, the guideline value has remained stable, showing a net change of 0% during this period.

Guideline values in Kovilkuppam

In Kovilkuppam, there are 68 streets under the Manavalanagar SRO that have a guideline value for 2024, ranging from Rs 300 to Rs 800 per sq.ft. The median guideline value for these streets is Rs 350 per sq.ft, placing Chinnasamy Avenue's 2024 figure below this median.

• Brittania Nagar: Rs 300 per sq.ft (2024)
• Bhavani Nagar: Rs 350 per sq.ft (2024)
• D.N.S.nagar: Rs 301 per sq.ft (2024)
• D.N.S.nagar Phaase I: Rs 375 per sq.ft (2024)
• Dollar County Phase 1: Rs 500 per sq.ft (2024)
• Dollar County Phase 3: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnasamy Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chinnasamy Avenue?

The Sub Registrar Office that covers Chinnasamy Avenue is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical component in the registration process of property transactions in Kovilkuppam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the financial obligations involved in the transaction. Buyers and sellers must consider this value to ensure compliance with legal and financial requirements during the registration process.

Frequently asked questions

What is the current guideline value of Chinnasamy Avenue?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then back to Rs 300 per sq.ft in 2023, and remains at this value in 2024.

What is the land classification for Chinnasamy Avenue?

Chinnasamy Avenue is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for Chinnasamy Avenue?

The Sub Registrar Office for Chinnasamy Avenue is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.

What is the median guideline value for streets in Kovilkuppam?

The median guideline value for streets in Kovilkuppam is Rs 350 per sq.ft, with Chinnasamy Avenue's 2024 figure being below this median.