Guideline Value for FRIENDS AVENUE

Friends Avenue guideline value

The current guideline value of Friends Avenue in Kadampur village is Rs 737 per sq.ft, effective from 1 July 2024. This street falls under the Chengleput Joint II SRO and is classified as Residential Special Type - III.

How the guideline value of Friends Avenue has changed

Over the years, the guideline value for Friends Avenue has seen several revisions. The register has no figure for this street in 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 670 per sq.ft, which was then increased by 10% to Rs 737 per sq.ft in the 2024 revision.

This increase from Rs 670 to Rs 737 per sq.ft reflects a notable change in the guideline value, indicating a shift in the valuation of properties in this area.

Guideline values in Kadampur

In Kadampur, there are 44 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 385 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 551 per sq.ft, placing Friends Avenue's 2024 figure above this median.

• Easwaran Koil Street (Ward -9): Rs 551 per sq.ft (2024)
• Gangaiamman Koil Street (Ward -9): Rs 551 per sq.ft (2024)
• D.V.A.C.Nagar: Rs 550 per sq.ft (2024)
• Golden County (Ward -9): Rs 1,100 per sq.ft (2024)
• Hallmark Apts Coodalur Village (Ward -9): Rs 2,200 per sq.ft (2024)
• Coodalur Village (Ward -9): Rs 551 per sq.ft (2024)

Stamp duty and registration fee for property in Friends Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 737 per sq.ft, the total guideline value amounts to Rs 7,37,000. The stamp duty at 7% would be Rs 51,590, and the registration fee at 2% would be Rs 14,740, making the total cost for these fees Rs 66,330. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Friends Avenue?

Friends Avenue is covered by 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 details.

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

The guideline value is a crucial factor when registering a property in Kadampur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in accordance with the local regulations.

When buying or selling a property, the guideline value helps in calculating the stamp duty and registration fees, which are essential costs associated with the transfer of ownership. This ensures transparency and compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Friends Avenue?

The current guideline value of Friends Avenue is Rs 737 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Friends Avenue has changed from Rs 670 per sq.ft in 2023 to Rs 737 per sq.ft in 2024, reflecting a 10% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values for other streets in Kadampur?

In Kadampur, the guideline values for other streets range from Rs 385 to Rs 2,200 per sq.ft, with a median value of Rs 551 per sq.ft. Friends Avenue's guideline value is above this median.

What are the stamp duty and registration fees for properties in Friends Avenue?

For a property valued at Rs 7,37,000, the stamp duty would be Rs 51,590, and the registration fee would be Rs 14,740, totaling Rs 66,330. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles the registration of properties in Friends Avenue?

The registration of properties in Friends Avenue is handled by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.