Guideline Value for KADHIRAVAN ST

Kadhiravan St guideline value

The current guideline value of Kadhiravan St in Vilingiyambakkam village, under the Avadi SRO, is Rs 800 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Kadhiravan St has changed

The guideline value for Kadhiravan St has seen several revisions over the years. The 2012 revision set the value at Rs 750 per sq.ft, which then decreased to Rs 502 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 59%, bringing the value back to Rs 800 per sq.ft in the 2023 revision. The 2024 revision maintains this figure, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Kadhiravan St. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 7%.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a guideline value for 2024, ranging from Rs 800 to Rs 4,400 per sq.ft, with a median value of Rs 935 per sq.ft. The guideline value for Kadhiravan St is below this median.

• Kadhar Basha St: Rs 800 per sq.ft (2024)
• Jothi Ramalingam St: Rs 1,310 per sq.ft (2024)
• Jeyaprakash Narayanan St: Rs 935 per sq.ft (2024)
• Kamarajar 1st Street: Rs 1,625 per sq.ft (2024)
• Kamarajar 2nd Street: Rs 1,625 per sq.ft (2024)
• Kamarajar 3rd Cross St: Rs 935 per sq.ft (2024)

Stamp duty and registration fee for property in Kadhiravan St

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total fees to Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for precise calculations based on your property details.

Which Sub Registrar Office covers Kadhiravan St?

Kadhiravan St is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Vilingiyambakkam. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the transaction is recorded at a value that reflects the official rates set by the government.

Additionally, the guideline value helps in maintaining transparency in property transactions. Buyers and sellers can refer to these values to ensure that they are aware of the official rates that apply to their properties, thus facilitating a smoother registration process.

Frequently asked questions

What is the current guideline value of Kadhiravan St?

The current guideline value of Kadhiravan St is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023 and remains the same for 2024.

What is the median guideline value in Vilingiyambakkam?

The median guideline value in Vilingiyambakkam is Rs 935 per sq.ft for the year 2024.

What are the stamp duty rates for property in Kadhiravan St?

The stamp duty rate for property transactions in Kadhiravan St is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kadhiravan St?

The Avadi Sub Registrar Office covers Kadhiravan St and is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.