Guideline Value for KALAIMANI AVENUE

Kalaimani Avenue guideline value

The current guideline value of Kalaimani Avenue in Mambakkam village is Rs 1,200 per sq.ft, as per the 2023 revision. This falls under the jurisdiction of the Gooduvancheri SRO and is classified as Commercial Class I Type - II land.

How the guideline value of Kalaimani Avenue has changed

The guideline value for Kalaimani Avenue has seen several revisions over the years. In the 2012 revision, the value was set at Rs 1,200 per sq.ft. However, this figure remained unchanged until the 2017 revision, where it dropped to Rs 804 per sq.ft, marking a decrease of 33%. The most recent revision in 2023 has brought the value back to Rs 1,200 per sq.ft, reflecting an increase of 49% from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained constant at Rs 1,200 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Mambakkam

Currently, there are no specific village figures available for Mambakkam. The guideline value for Kalaimani Avenue is Rs 1,200 per sq.ft. There are no other streets in Mambakkam under the Gooduvancheri SRO listed at this time.

Stamp duty and registration fee for property in Kalaimani Avenue

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value would be Rs 12,00,000. The stamp duty, charged at 7%, would amount to Rs 84,000, while the registration fee at 2% would be Rs 24,000. Together, the total cost for these fees would be Rs 1,08,000. It is essential to note that the 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 further assistance.

Which Sub Registrar Office covers Kalaimani Avenue?

The Sub Registrar Office covering Kalaimani Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Mambakkam. It serves as a baseline for determining the stamp duty and registration fees that need to be paid at the time of registration.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kalaimani Avenue?

The current guideline value of Kalaimani Avenue is Rs 1,200 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, and then back to Rs 1,200 per sq.ft in 2023. This represents a 49% increase from the 2017 figure and no overall change from the 2012 figure.

Where can I find the Gooduvancheri SRO?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

What are the stamp duty and registration fees for property in Kalaimani Avenue?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,08,000.

Are there other streets in Mambakkam with guideline values?

Currently, there are no other streets in Mambakkam listed under the Gooduvancheri SRO with guideline values provided.