Guideline Value for HIGH WAY NAGAR WEST R.K.V.AVENUE EXTENTION

High Way Nagar West R.K.V.Avenue Extention guideline value

The current guideline value of High Way Nagar West R.K.V.Avenue Extention is Rs 2,200 per sq.ft, effective from 1 July 2024. This property is located in Zaminpallavaram village under the Pallavaram SRO and is classified as Residential Class I Type - III.

How the guideline value of High Way Nagar West R.K.V.Avenue Extention has changed

The guideline value for High Way Nagar West R.K.V.Avenue Extention has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, which is an increase of 10% from the 2023 figure of Rs 2,000 per sq.ft. Prior to that, the 2012 revision recorded a much higher rate of Rs 3,300 per sq.ft. There are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street.

From 2012 to 2023, the guideline value decreased by 39%, and overall, from 2012 to 2024, it has decreased by 33%. This indicates a significant change in the valuation of properties in this area over the years.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing High Way Nagar West R.K.V.Avenue Extention's 2024 figure below that median.

• Highways Co.Op.Society Layout: Rs 3,520 per sq.ft (2024)
• I.H.F.D. Nagar: Rs 4,400 per sq.ft (2024)
• Harijan Colony Cross Street: Rs 2,100 per sq.ft (2024)
• Harijan Colony: Rs 2,160 per sq.ft (2024)
• Harbar Kuvari Street: Rs 2,100 per sq.ft (2024)
• Illangovan Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in High Way Nagar West R.K.V.Avenue Extention

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers High Way Nagar West R.K.V.Avenue Extention?

The Sub Registrar Office that covers High Way Nagar West R.K.V.Avenue Extention is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Zaminpallavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable on the property transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and that the appropriate taxes are paid. This helps maintain transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of High Way Nagar West R.K.V.Avenue Extention?

The current guideline value of High Way Nagar West R.K.V.Avenue Extention is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,300 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024, marking a decrease of 33% overall. The most recent revision in 2024 saw a 10% increase from the 2023 value of Rs 2,000 per sq.ft.

What is the land classification of High Way Nagar West R.K.V.Avenue Extention?

High Way Nagar West R.K.V.Avenue Extention is classified as Residential Class I Type - III, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for High Way Nagar West R.K.V.Avenue Extention is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property with a guideline value of Rs 22,00,000, the stamp duty would be Rs 1,54,000 at a rate of 7%.