Guideline Value for K.K. Avenue

K.K. Avenue guideline value

The current guideline value of K.K. Avenue in Nandhivaram village is Rs 1,500 per sq.ft, effective from 1 July 2024. This property falls under the Gooduvancheri SRO and is classified as Residential Special Type - I.

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

Over the years, the guideline value of K.K. Avenue has seen several revisions. In 2002, the guideline value was Rs 95 per sq.ft, which increased significantly to Rs 328 per sq.ft in 2007. The value then rose dramatically by 357% to Rs 1,500 per sq.ft in 2012. However, it decreased by 33% to Rs 1,005 per sq.ft in 2017. The value remained steady at Rs 1,500 per sq.ft in both the 2023 and 2024 revisions, showing a 49% increase from 2017 to 2023.

The 2023 revision maintained the value at Rs 1,500 per sq.ft, with no change to the current rate in 2024. The register has no figure for K.K. Avenue in 2003. Overall, from 2002 to 2024, the guideline value has increased by 1,479%.

Guideline values in Nandhivaram

Nandhivaram village comprises 169 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,500 per sq.ft, placing K.K. Avenue's 2024 figure at this median level.

• Karunanidhi Nagar: Rs 1,500 per sq.ft (2024)
• Karthik Nagar: Rs 1,000 per sq.ft (2024)
• Krishnapuram 1 to 3 Cross Streets: Rs 1,500 per sq.ft (2024)
• Krishnapuram 1 to 3 Main Road: Rs 1,500 per sq.ft (2024)
• Krishnaveni Nagar: Rs 1,500 per sq.ft (2024)
• Karpagambal Nagar Extn: Rs 1,500 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total fees to Rs 1,35,000. Duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more accurate estimates.

Which Sub Registrar Office covers K.K. Avenue?

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

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

The guideline value plays a crucial role in property transactions in Nandhivaram. It is used to determine the stamp duty and registration fees that buyers must pay when registering a property. The higher of the guideline value or the sale price is considered for calculating these fees.

When selling property, the guideline value ensures that the transaction is recorded at a value that reflects the current market conditions as set by the Registration Department. This helps maintain transparency and consistency in property dealings.

Frequently asked questions

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

The current guideline value of K.K. Avenue is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 95 per sq.ft in 2002 to Rs 1,500 per sq.ft in 2024, reflecting an overall increase of 1,479% over this period.

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

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 and the registration fee would be Rs 30,000, totaling Rs 1,35,000.

Which Sub Registrar Office covers K.K. Avenue?

K.K. Avenue is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202.

Are there other streets with similar guideline values in Nandhivaram?

Yes, there are several other streets in Nandhivaram with a guideline value of Rs 1,500 per sq.ft, including Karunanidhi Nagar, Krishnapuram 1 to 3 Cross Streets, and Krishnaveni Nagar.