Guideline Value for EXOTICA

Exotica guideline value

The current guideline value of Exotica in Kuthampakkam village, under the Avadi SRO, is Rs 1,642 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class II Type - II land classification.

How the guideline value of Exotica has changed

The guideline value of Exotica has seen significant changes over the years. The 2017 revision recorded a value of Rs 1,000 per sq.ft, which increased to Rs 1,493 per sq.ft in 2023. The latest revision in 2024 has raised this value to Rs 1,642 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 49%, indicating a substantial rise in property values during that period.

Guideline values in Kuthampakkam

Kuthampakkam village has a range of guideline values across its 19 streets under the Avadi SRO. The 2024 figures range from Rs 550 to Rs 3,564 per sq.ft, with the median value being Rs 1,642 per sq.ft. Exotica's 2024 guideline value matches this median, reflecting its position within the village.

• Gowri Avenue: Rs 660 per sq.ft (2024)
• Chennai Bangalore Highways: Rs 3,564 per sq.ft (2024)
• Kumaran Highway City: Rs 3,564 per sq.ft (2024)
• Magica: Rs 1,642 per sq.ft (2024)
• Ms Dream Town Thiru Jayanthinadhar Nagar: Rs 880 per sq.ft (2024)
• Ms Fortune City: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Exotica

For a 1,000 sq.ft plot at the current guideline value of Rs 1,642 per sq.ft, the total guideline value amounts to Rs 16,42,000. The stamp duty at 7% would be Rs 1,14,940, while the registration fee at 2% would be Rs 32,840. Together, the total cost for these fees would be Rs 1,47,780. It’s important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Exotica?

The Sub Registrar Office that covers Exotica is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is essential when buying or selling property in Kuthampakkam, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees applicable during the transaction.

When a property is sold, the guideline value serves as a benchmark for the transaction price. Buyers and sellers must ensure that the sale price is at least equal to the guideline value to comply with registration requirements.

Frequently asked questions

What is the current guideline value of Exotica?

The current guideline value of Exotica is Rs 1,642 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,000 per sq.ft in 2017 to Rs 1,642 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What is the land classification of Exotica?

Exotica is classified under Residential Class II Type - II, indicating its suitability for residential development.

Where can I find the registration office for Exotica?

The registration office for Exotica is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for property in Exotica?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at the guideline value of Rs 1,642 per sq.ft, the total guideline value would be Rs 16,42,000, leading to a stamp duty of Rs 1,14,940.