Guideline Value for K.M.Avenue

K.M.Avenue guideline value

The current guideline value of K.M.Avenue is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Ist Division village under the Kanchipuram Joint IV SRO and is classified as Residential Class II Type - I.

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

The guideline value for K.M.Avenue has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 300 per sq.ft. This increased significantly to Rs 800 per sq.ft in the 2012 revision, but then decreased to Rs 536 per sq.ft in 2017. The 2023 revision saw a rise to Rs 800 per sq.ft, followed by a further increase to Rs 880 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 193%. Notably, the register has no figures for K.M.Avenue for the years 2002 and 2003.

Guideline values in Ist Division

In Ist Division, there are 79 streets under the Kanchipuram Joint IV SRO with a 2024 guideline value ranging from Rs 800 to Rs 3,300 per sq.ft. The median value is Rs 880 per sq.ft, which is the same as the guideline value for K.M.Avenue. Below are other streets in Ist Division with their respective guideline values:

• K.M.V.Nagar: Rs 880 per sq.ft (2024)
• Kosa Street @ ThiruNeelakandar Street: Rs 800 per sq.ft (2024)
• Kavalar Housing Board: Rs 1,650 per sq.ft (2024)
• Kathiri Street @ Velathamman Koil Street: Rs 1,100 per sq.ft (2024)
• Krishnasamy Street: Rs 880 per sq.ft (2024)
• Kumaran Nagar: Rs 880 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 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees to Rs 79,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers K.M.Avenue?

K.M.Avenue falls under 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 Ist Division

The guideline value is a critical factor in property transactions, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration regulations.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transfer of property ownership.

Frequently asked questions

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

The current guideline value of K.M.Avenue is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, representing an overall increase of 193% over this period.

What are the other streets in Ist Division with similar values?

Other streets in Ist Division include K.M.V.Nagar, Krishnasamy Street, and Kumaran Nagar, all with a guideline value of Rs 880 per sq.ft in 2024.

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

For a 1,000 sq.ft property, the total guideline value is Rs 8,80,000. The stamp duty would be Rs 61,600, and the registration fee would be Rs 17,600, totaling Rs 79,200.

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

The Kanchipuram Joint IV Sub Registrar Office handles registrations for K.M.Avenue, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501.