Guideline Value for Divya Avenue

Divya Avenue guideline value

The current guideline value of Divya Avenue in Kanthoor village is Rs 400 per sq.ft, effective from 1 July 2024. This property falls under the jurisdiction of the Sunguvarchattram SRO and is classified as Residential Special Type - I.

How the guideline value of Divya Avenue has changed

The guideline value for Divya Avenue has seen several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged in the subsequent 2017 revision. However, the 2017 figure was a decrease from Rs 268 per sq.ft in 2012, marking a drop of 33%. The guideline value then increased to Rs 400 per sq.ft in both the 2023 and 2024 revisions, showing no change from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has remained the same at Rs 400 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street in the register.

Guideline values in Kanthoor

In Kanthoor, there are 33 streets under the Sunguvarchattram SRO, with guideline values ranging from Rs 150 to Rs 700 per sq.ft. The median guideline value in this village is Rs 181 per sq.ft, placing Divya Avenue's 2024 figure above this median.

• Detroit Layout: Rs 400 per sq.ft (2024)
• Central Green: Rs 590 per sq.ft (2024)
• Central Grand: Rs 700 per sq.ft (2024)
• Biramanar Street: Rs 181 per sq.ft (2024)
• Ganesh Nagar: Rs 250 per sq.ft (2024)
• Biramanar Cross Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Divya Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees together to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Divya Avenue?

The Sub Registrar Office that covers Divya Avenue is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kanthoor. It serves as a benchmark for determining the stamp duty and registration fees payable during the transaction.

When a property is sold, the seller and buyer must consider the guideline value to ensure proper compliance with registration requirements. The fees are calculated based on this value, ensuring transparency in property transactions.

Frequently asked questions

What is the current guideline value of Divya Avenue?

The current guideline value of Divya Avenue is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft in both the 2023 and 2024 revisions. It was previously Rs 268 per sq.ft in 2017, marking a 49% increase from that year to 2023.

What is the land classification for Divya Avenue?

Divya Avenue is classified as Residential Special Type - I, indicating its intended use for residential purposes within the area.

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

The Sub Registrar Office for Divya Avenue is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Kanthoor?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 4,00,000 would incur a stamp duty of Rs 28,000 at the rate of 7%.