Guideline Value for KAILASH AVENUE

Kailash Avenue guideline value

The current guideline value of Kailash Avenue in Perungalathur village is Rs 2,300 per sq.ft, effective from 1 July 2024. This property falls under the Padappai SRO and is classified as Residential Class II Type - II.

How the guideline value of Kailash Avenue has changed

The guideline value for Kailash Avenue has seen several revisions over the years. In 2012, the value was set at Rs 2,100 per sq.ft. Following this, a significant decrease occurred in 2017, bringing the value down to Rs 1,407 per sq.ft. However, from 2017 to 2023, the value increased to Rs 2,100 per sq.ft, marking a substantial rise of 49%. The most recent revision in 2024 raised the guideline value to Rs 2,300 per sq.ft, a 10% increase from the previous year.

There are no figures available for Kailash Avenue in the revisions for 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO, with guideline values ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,310 per sq.ft, making Kailash Avenue's 2024 figure of Rs 2,300 per sq.ft slightly below the median.

• Kailash Avenue and Extn: Rs 2,310 per sq.ft (2024)
• Kaja Hayath Nagar: Rs 2,970 per sq.ft (2024)
• Kagapujanthkar Nagar: Rs 2,640 per sq.ft (2024)
• Kakkanji Street: Rs 1,980 per sq.ft (2024)
• Kaanaan Avenue: Rs 3,960 per sq.ft (2024)
• Kalaignar Salai: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Kailash Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,300 per sq.ft, the total guideline value amounts to Rs 23,00,000. The stamp duty at 7% would be Rs 1,61,000, and the registration fee at 2% would be Rs 46,000, bringing the total to Rs 2,07,000. Please 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 more details.

Which Sub Registrar Office covers Kailash Avenue?

The Sub Registrar Office that covers Kailash Avenue is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Perungalathur, as it determines the minimum value at which properties can be registered. When you buy or sell property, the stamp duty and registration fees are calculated based on this guideline value or the sale price, whichever is higher.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of the transaction. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Kailash Avenue?

The current guideline value of Kailash Avenue is Rs 2,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,100 per sq.ft in 2012 to Rs 1,407 per sq.ft in 2017, then increased to Rs 2,100 per sq.ft in 2023, and finally to Rs 2,300 per sq.ft in 2024.

What is the land classification for Kailash Avenue?

Kailash Avenue is classified as Residential Class II Type - II.

Where can I find the Sub Registrar Office for Kailash Avenue?

The Padappai Sub Registrar Office covers Kailash Avenue and is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated for properties in Kailash 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 23,00,000, the stamp duty at 7% would be Rs 1,61,000.