Guideline Value for KAMADHENU AVENUE - II

Kamadhenu Avenue - II guideline value

The current guideline value of Kamadhenu Avenue - II is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in Melpakkam village under the Kunrathur SRO, classified as Mixed Type - I land.

How the guideline value of Kamadhenu Avenue - II has changed

Over the years, the guideline value for Kamadhenu Avenue - II has seen significant changes. The 2017 revision set the value at Rs 938 per sq.ft, which increased to Rs 1,400 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has further increased the guideline value to Rs 1,540 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Melpakkam

In Melpakkam, there are 17 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 4,105 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, which is equal to the current guideline value of Kamadhenu Avenue - II.

• Kamadhenu Avenue - I: Rs 1,540 per sq.ft (2024)
• Kamathenu Nagar Extension: Rs 1,650 per sq.ft (2024)
• Nakshatra Garden: Rs 4,105 per sq.ft (2024)
• Ashok Nandhavanam: Rs 1,540 per sq.ft (2024)
• Perumal Koil Street: Rs 440 per sq.ft (2024)
• Royal Assets: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Kamadhenu Avenue - II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value would be Rs 15,40,000. The stamp duty at 7% would amount to Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total fees to Rs 1,38,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamadhenu Avenue - II?

The Kamadhenu Avenue - II falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai - 600 069. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Melpakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value ensures that the transaction is recorded at a fair price, preventing undervaluation.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This process ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kamadhenu Avenue - II?

The current guideline value of Kamadhenu Avenue - II is Rs 1,540 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 64% from Rs 938 per sq.ft to Rs 1,540 per sq.ft in 2024. The most recent change was a 10% increase from Rs 1,400 per sq.ft in 2023.

What are the other streets in Melpakkam with their guideline values?

Other streets in Melpakkam include Kamadhenu Avenue - I, Kamathenu Nagar Extension, Nakshatra Garden, Ashok Nandhavanam, Perumal Koil Street, and Royal Assets, with values ranging from Rs 440 to Rs 4,105 per sq.ft.

What is the stamp duty for property in Kamadhenu Avenue - II?

The stamp duty for property in Kamadhenu Avenue - II is calculated at 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would be Rs 1,07,800.

Where can I find the Sub Registrar Office for Kamadhenu Avenue - II?

The Sub Registrar Office for Kamadhenu Avenue - II is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai - 600 069.