Guideline Value for DIAMOND AVENUE (PER)

Diamond Avenue (Per) guideline value

The current guideline value of Diamond Avenue (Per) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - III.

How the guideline value of Diamond Avenue (Per) has changed

The guideline value for Diamond Avenue (Per) has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 402 per sq.ft, marking a decrease of 33%. The value then increased to Rs 600 per sq.ft in the 2023 revision, and finally rose to Rs 660 per sq.ft in the 2024 revision, reflecting a 10% increase.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft as of 2024. The median guideline value for the village is Rs 1,100 per sq.ft, placing Diamond Avenue (Per) below this median.

• Devi Prasath Nagar (N): Rs 660 per sq.ft (2024)
• Easwaran Koil Street (Ward -17): Rs 660 per sq.ft (2024)
• Cs Nh1 (Ward -5): Rs 1,320 per sq.ft (2024)
• Cmda Nagar G.S.T. Road (Ward -3): Rs 2,200 per sq.ft (2024)
• Cmda Layout Nennaikarai (Ward -3): Rs 1,320 per sq.ft (2024)
• C.K.Radha Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Diamond Avenue (Per)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees together to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Diamond Avenue (Per)?

The Sub Registrar Office that covers Diamond Avenue (Per) 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 Kattankollatur

The guideline value is a crucial factor when registering property transactions in Kattankollatur. It serves as a benchmark for determining the stamp duty and registration fees payable during the transaction process.

When buying or selling property, the guideline value ensures that both parties are aware of the official value assigned to the property, which aids in transparency and compliance with local regulations. This value is used by the registration office to calculate the necessary fees based on the property's assessed worth.

Frequently asked questions

What is the current guideline value of Diamond Avenue (Per)?

The current guideline value of Diamond Avenue (Per) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Diamond Avenue (Per)?

Diamond Avenue (Per) is classified as Residential Class I Type - III, indicating its designation for residential use.

Where can I find the Sub Registrar Office for Diamond Avenue (Per)?

The Sub Registrar Office for Diamond Avenue (Per) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 6,60,000, the stamp duty at 7% would be Rs 46,200.