Guideline Value for K.G. Avenue

K.G. Avenue guideline value

The current guideline value of K.G. Avenue is Rs 1,150 per sq.ft. This street is located in Kilambakkam village under the Gooduvancheri SRO, classified as Residential Class I Type - I.

How the guideline value of K.G. Avenue has changed

The guideline value for K.G. Avenue has seen several revisions over the years. In the 2007 revision, the value was Rs 450 per sq.ft, which increased significantly to Rs 1,150 per sq.ft in the 2012 revision. However, in the 2017 revision, the value dropped to Rs 770 per sq.ft. The latest revision in 2023 has set the guideline value back to Rs 1,150 per sq.ft.

From 2017 to 2023, there was a notable increase of 49%. Comparing the 2012 to 2017 revisions, the value decreased by 33%. The most significant change was from 2007 to 2012, where the value rose by 156%. Overall, from 2007 to 2023, the guideline value has increased by 156%.

Guideline values in Kilambakkam

Currently, there are no specific village figures provided for Kilambakkam. K.G. Avenue is one of the streets under the Gooduvancheri SRO. Unfortunately, there are no other streets in Kilambakkam listed with their respective rates.

Stamp duty and registration fee for property in K.G. Avenue

For a 1,000 sq.ft plot at the current rate of Rs 1,150 per sq.ft, the guideline value amounts to Rs 11,50,000. The stamp duty at 7% would be Rs 80,500, while the registration fee at 2% would be Rs 23,000. In total, the fees would amount to Rs 1,03,500. 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 information.

Which Sub Registrar Office covers K.G. Avenue?

The K.G. Avenue is covered by the Gooduvancheri Sub Registrar Office located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

When buying or selling property in Kilambakkam, the guideline value is crucial for determining the stamp duty and registration fees. The value is used as a benchmark to calculate the applicable fees during the registration process.

It is essential for buyers and sellers to be aware of the guideline value as it influences the overall cost of transactions. Ensuring that the transaction is registered at the correct guideline value helps in maintaining legal compliance.

Frequently asked questions

What is the current guideline value of K.G. Avenue?

The current guideline value of K.G. Avenue is Rs 1,150 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2007 to Rs 1,150 per sq.ft in 2012, then decreased to Rs 770 per sq.ft in 2017, and finally returned to Rs 1,150 per sq.ft in 2023.

What are the stamp duty and registration fees for K.G. Avenue?

For a property of 1,000 sq.ft at the current guideline value, the stamp duty would be Rs 80,500 and the registration fee would be Rs 23,000, totaling Rs 1,03,500.

Which office handles the registration for K.G. Avenue?

The registration for K.G. Avenue is handled by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the guideline value determined?

The guideline value is determined by the Registration Department's guideline value register, which is revised periodically to reflect changes in property values in different areas.