Guideline Value for K.M.AVENUE

K.M.Avenue guideline value

The current guideline value of K.M.Avenue in Orikkai village is Rs 1,110 per sq.ft, effective from 1 July 2024. This property falls under the Kanchipuram Joint IV SRO and is classified as Residential Special Type - IV.

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

The guideline value for K.M.Avenue has seen several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. In 2023, the guideline value was Rs 1,005 per sq.ft, which increased to Rs 1,110 per sq.ft in 2024, marking a change of +10%.

Prior to the 2023 revision, the last available figure was Rs 1,005 per sq.ft. The current 2024 figure of Rs 1,110 per sq.ft is the latest update reflecting the most recent valuation.

Guideline values in Orikkai

In Orikkai village, there are 12 streets under the Kanchipuram Joint IV SRO that have a 2024 guideline value ranging from Rs 800 to Rs 1,500 per sq.ft, with a median value of Rs 975 per sq.ft. K.M.Avenue's guideline value of Rs 1,110 per sq.ft is above this median.

• Krishnan Nagar: Rs 800 per sq.ft (2024)
• Kanchi Gardan: Rs 1,099 per sq.ft (2024)
• Jayamala Kumar Avenue: Rs 910 per sq.ft (2024)
• Sai Enclave: Rs 825 per sq.ft (2024)
• Sri Lakshmi Vaikundavalli Nagar: Rs 975 per sq.ft (2024)
• Sriram Gardan: Rs 875 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,110 per sq.ft, the total guideline value amounts to Rs 11,10,000. The stamp duty at 7% would be Rs 77,700, and the registration fee at 2% would be Rs 22,200, making the total cost for these charges Rs 99,900. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers K.M.Avenue?

K.M.Avenue is covered by the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Orikkai. 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 serves as a reference point for both buyers and sellers. It helps in assessing the value of the property and calculating the associated costs during the registration process.

Frequently asked questions

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

The current guideline value of K.M.Avenue is Rs 1,110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for K.M.Avenue has increased from Rs 1,005 per sq.ft in 2023 to Rs 1,110 per sq.ft in 2024, reflecting a change of +10%.

What are the guideline values for other streets in Orikkai?

Other streets in Orikkai have varying guideline values ranging from Rs 800 to Rs 1,500 per sq.ft, with K.M.Avenue's value being higher than the median of Rs 975 per sq.ft.

What fees are associated with buying property in K.M.Avenue?

When buying property in K.M.Avenue, you will incur a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for K.M.Avenue?

The Kanchipuram Joint IV Sub Registrar Office covers K.M.Avenue and is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.