Guideline Value for INBA AVENUE

Inba Avenue guideline value

The current guideline value of Inba Avenue in Kayirambedu village is Rs 2,389 per sq.ft, effective from 1 July 2024. This street falls under the Chengleput Joint II SRO and is classified as Mixed Special Type - II.

How the guideline value of Inba Avenue has changed

The guideline value for Inba Avenue has seen several revisions over the years. The most recent revision in 2024 maintains the value at Rs 2,389 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 1,600 per sq.ft, marking a significant increase of 49% from 2017 to 2023 and an overall increase of 49% from 2017 to 2024.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Thus, the changes in guideline value are only reflected from the 2017 revision onward.

Guideline values in Kayirambedu

In Kayirambedu, there are 120 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,550 per sq.ft, with a median value of Rs 700 per sq.ft. The guideline value of Inba Avenue is above this median, indicating its relative standing among the streets in the village.

• Iayyappa Gardan: Rs 700 per sq.ft (2024)
• Indra Gandhi Nagar: Rs 700 per sq.ft (2024)
• Guru Ganesh Nagar: Rs 800 per sq.ft (2024)
• Guru Avenue: Rs 700 per sq.ft (2024)
• Jawarharlal Nehru Nagar Extention: Rs 700 per sq.ft (2024)
• Green Park Avenue: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Inba Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,389 per sq.ft, the total guideline value would be Rs 23,89,000. The stamp duty at 7% would amount to Rs 1,67,230, and the registration fee at 2% would be Rs 47,780. Together, the total cost for stamp duty and registration would be Rs 2,15,010. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Inba Avenue?

The Sub Registrar Office that covers Inba Avenue is 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 information.

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

The guideline value is a crucial factor during the registration of property transactions in Kayirambedu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is considered to ensure that the appropriate taxes are collected. Buyers and sellers should be aware of the guideline value to understand their financial obligations during a transaction.

Frequently asked questions

What is the current guideline value of Inba Avenue?

The current guideline value of Inba Avenue is Rs 2,389 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Inba Avenue has increased from Rs 1,600 per sq.ft in 2017 to Rs 2,389 per sq.ft in 2024, representing a 49% increase over this period.

Are there any previous revisions for Inba Avenue?

Yes, the guideline value for Inba Avenue was Rs 1,600 per sq.ft in 2017 and remained unchanged at Rs 2,389 per sq.ft in the revisions for 2023 and 2024. There are no figures available for the years 2002, 2003, 2007, and 2012.

What is the land classification for Inba Avenue?

Inba Avenue is classified as Mixed Special Type - II, which is a designation that can affect the property's usage and development potential.

Where can I find more information about registration fees?

For detailed calculations regarding stamp duty and registration fees, you can use the stamp duty and registration fee calculator.