Guideline Value for KAMAL AVENUE

Kamal Avenue guideline value

The current guideline value of Kamal Avenue is Rs 905 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur - B village, under the Uthiramerur SRO, and is classified as Residential Class V Type - II.

How the guideline value of Kamal Avenue has changed

The guideline value for Kamal Avenue has remained consistent at Rs 905 per sq.ft from the 2023 revision to the 2024 revision, showing no change. Prior to this, the 2017 revision set the value at Rs 603 per sq.ft, marking a 50% increase when compared to the 2023 and 2024 figures.

There are no recorded figures for the revisions in 2002, 2003, 2007, and 2012 for Kamal Avenue. Therefore, the only changes noted are from the 2017 revision to the 2024 revision, which also reflects an overall increase of 50%.

Guideline values in Uthiramerur - B

In Uthiramerur - B, there are 11 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 1,350 per sq.ft. The median value among these streets is Rs 900 per sq.ft, placing Kamal Avenue's guideline value above this median.

• Muthamizh Nagar: Rs 1,350 per sq.ft (2024)
• Adhithiya Township Phase-I: Rs 500 per sq.ft (2024)
• Adhithiya Township Phase-II: Rs 500 per sq.ft (2024)
• ஆனைப்பள்ளம் குடுமித் தெரு: Rs 700 per sq.ft (2024)
• ஆனைப்பள்ளம் யாதவாள் தெரு: Rs 900 per sq.ft (2024)
• கேதாரீஸ்வரன் கோயில் தெரு: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Kamal Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 905 per sq.ft, the total guideline value amounts to Rs 9,05,000. The stamp duty at 7% would be Rs 63,350, and the registration fee at 2% would be Rs 18,100, bringing the total fees to Rs 81,450. Please note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamal Avenue?

The Sub Registrar Office covering Kamal Avenue is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. To find your SRO, visit find your SRO.

How the guideline value is used when you buy or sell in Uthiramerur - B

The guideline value is a crucial factor in the registration process when buying or selling property in Uthiramerur - B. It determines the minimum value at which a property can be registered, impacting the stamp duty and registration fees payable.

When a buyer purchases a property, the guideline value is used to assess the applicable fees. If the sale price exceeds the guideline value, the higher amount is used for calculating the stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Kamal Avenue?

The current guideline value of Kamal Avenue is Rs 905 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 905 per sq.ft from 2023 to 2024, with a 50% increase from Rs 603 per sq.ft in 2017. There are no figures available for the revisions in 2002, 2003, 2007, and 2012.

What are the guideline values of other streets in Uthiramerur - B?

Other streets in Uthiramerur - B have guideline values ranging from Rs 500 to Rs 1,350 per sq.ft. The median value among these streets is Rs 900 per sq.ft.

What is the stamp duty rate for properties in Kamal Avenue?

The stamp duty rate for properties in Kamal Avenue is 7% of the guideline value or sale price, whichever is higher. This is in addition to a registration fee of 2%.

Where is the Uthiramerur Sub Registrar Office located?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.