Guideline Value for KAMADHENU AVENUE

Kamadhenu Avenue guideline value

The current guideline value of Kamadhenu Avenue in Kolathur village is Rs 700 per sq.ft, effective from 1 July 2024. This property falls under the Chengleput Joint II SRO and is classified as Mixed Special Type - I.

How the guideline value of Kamadhenu Avenue has changed

The guideline value for Kamadhenu Avenue has seen several revisions over the years. In 2012, the value was set at Rs 700 per sq.ft. This remained unchanged until the next revision in 2017, where it decreased to Rs 469 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 700 per sq.ft. The 2024 revision has kept the value stable at Rs 700 per sq.ft, indicating 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 Kamadhenu Avenue. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 700 per sq.ft.

Guideline values in Kolathur

In Kolathur, there are 58 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 500 to Rs 1,600 per sq.ft. The median guideline value is Rs 600 per sq.ft, placing Kamadhenu Avenue's 2024 figure above this median.

• J.P.Jai Residency: Rs 700 per sq.ft (2024)
• Jerusalam Nagar: Rs 600 per sq.ft (2024)
• Karthiga Puram: Rs 700 per sq.ft (2024)
• Karthik Avenue: Rs 600 per sq.ft (2024)
• Karumari Amman Nagar: Rs 600 per sq.ft (2024)
• Jayam Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Kamadhenu Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamadhenu Avenue?

The Sub Registrar Office that covers Kamadhenu Avenue is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kolathur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the property transaction.

When a property is registered, the guideline value is used to calculate the applicable duties. This value helps in establishing a fair basis for taxation and ensures that the government receives its due revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kamadhenu Avenue?

The current guideline value of Kamadhenu Avenue is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft in 2012, 2023, and 2024, with a decrease to Rs 469 per sq.ft in 2017. There were no figures available for the revisions in 2002, 2003, and 2007.

What is the classification of land in Kamadhenu Avenue?

The land classification for Kamadhenu Avenue is Mixed Special Type - I, which indicates its diverse use potential.

How does the guideline value affect property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It serves as a benchmark for taxation and compliance with local regulations.

Where is the Sub Registrar Office for Kamadhenu Avenue located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.