Guideline Value for K.M.A. Avenue

K.M.A. Avenue guideline value

The current guideline value of K.M.A. Avenue in Adhanoor village is Rs 1,000 per sq.ft, effective from 1 July 2024. This street falls under the Gooduvancheri SRO and is classified as Residential Special Type - I.

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

Over the years, the guideline value of K.M.A. Avenue has experienced several revisions. The 2007 revision set the value at Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in the 2012 revision, marking a 400% rise. However, the value dropped to Rs 670 per sq.ft in the 2017 revision, a decrease of 33%. The subsequent revisions in 2023 and 2024 maintained the value at Rs 1,000 per sq.ft, indicating no change from the previous year.

The register has no figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 400%.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value, ranging from Rs 670 to Rs 3,000 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, making K.M.A. Avenue's 2024 figure equal to that median.

• K.M.A. Nagar: Rs 1,000 per sq.ft (2024)
• Kavignar Kannadasan Nagar: Rs 1,000 per sq.ft (2024)
• K.P.S. Nagar: Rs 1,000 per sq.ft (2024)
• Krishapuri: Rs 1,000 per sq.ft (2024)
• Krishna Nagar: Rs 1,000 per sq.ft (2024)
• Krishna Nagar (Extn): Rs 1,000 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers K.M.A. Avenue?

The K.M.A. Avenue falls under the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Adhanoor. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential for buyers to be aware of this value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

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

The current guideline value of K.M.A. Avenue is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 1,000 per sq.ft in 2023 and 2024. The value was Rs 670 per sq.ft in 2017, Rs 1,000 per sq.ft in 2012, and Rs 200 per sq.ft in 2007.

What is the land classification for K.M.A. Avenue?

K.M.A. Avenue is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the registration office for K.M.A. Avenue?

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

How is stamp duty calculated for properties in K.M.A. Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 10,00,000, the stamp duty at 7% would be Rs 70,000.