Guideline Value for DRR AVENUE

Drr Avenue guideline value

The current guideline value of Drr Avenue in Kumili village, under the Thiruporur SRO, is Rs 1,493 per sq.ft, effective from 1 July 2024. This street is classified as Residential Special Type - III.

How the guideline value of Drr Avenue has changed

The guideline value for Drr Avenue has remained consistent at Rs 1,493 per sq.ft from the 2023 revision to the 2024 revision, reflecting no change of 0%. Prior to this, the register has no figure for this street in the years 2017, 2012, 2007, 2003, and 2002.

In summary, the 2024 revision shows a guideline value of Rs 1,493 per sq.ft, which is the same as the 2023 revision. There are no recorded figures for the years preceding 2023 for this street.

Guideline values in Kumili

In Kumili village, there are 21 streets under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 1,800 per sq.ft, with a median value of Rs 400 per sq.ft. Drr Avenue's guideline value is above this median.

• Hill Side Auro Nagar: Rs 250 per sq.ft (2024)
• Hill Side Auro Nagar Extension -1: Rs 250 per sq.ft (2024)
• Hillside Auro Nagar - Shri Ganesha Avenue: Rs 200 per sq.ft (2024)
• Hillside Auro Nagar - Shri Ganesha Avenue Extn.: Rs 200 per sq.ft (2024)
• Jai Nagar: Rs 1,000 per sq.ft (2024)
• Ajith Avenue: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Drr Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,493 per sq.ft, the total guideline value would be Rs 14,93,000. The stamp duty at 7% would be Rs 1,04,510, and the registration fee at 2% would be Rs 29,860, bringing the total charges to Rs 1,34,370. 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 Drr Avenue?

Drr Avenue falls under the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kumili. It determines 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 serves as a benchmark for calculating the financial obligations involved in the transaction. Buyers should be aware that the stamp duty and registration fees will be based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Drr Avenue?

The current guideline value of Drr Avenue is Rs 1,493 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,493 per sq.ft from the 2023 revision to the 2024 revision. There are no figures recorded for this street in the revisions from 2017, 2012, 2007, 2003, and 2002.

What is the land classification of Drr Avenue?

Drr Avenue is classified as Residential Special Type - III, indicating its intended use for residential purposes.

What are the stamp duty and registration fees for property in Drr Avenue?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total charges would amount to Rs 1,34,370.

Which office handles the registration for Drr Avenue?

The registration for Drr Avenue is handled by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.