Guideline Value for KAMALA VINAYAGAR ST

Kamala Vinayagar St guideline value

The current guideline value of Kamala Vinayagar St is Rs 950 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village, under the Avadi SRO, and is classified as Residential Class II Type - I.

How the guideline value of Kamala Vinayagar St has changed

In the 2012 revision, the guideline value was Rs 900 per sq.ft. This figure decreased to Rs 603 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 900 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 set the value at Rs 950 per sq.ft, which is a 6% increase from the previous year.

The register has no figures for the revisions in 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO, with guideline values ranging from Rs 801 to Rs 4,730 per sq.ft. The median guideline value in the village is Rs 1,625 per sq.ft, placing Kamala Vinayagar St's 2024 figure below that median.

• Kamarajar Nagar Nehru Colony: Rs 1,625 per sq.ft (2024)
• Kallukkadai St: Rs 990 per sq.ft (2024)
• Kamaraj Nagar 10th St: Rs 1,625 per sq.ft (2024)
• Kamaraj Nagar 1st Street: Rs 1,625 per sq.ft (2024)
• Kamaraj Nagar 2nd Street: Rs 1,625 per sq.ft (2024)
• Kamaraj Nagar 3rd Street: Rs 1,625 per sq.ft (2024)

Stamp duty and registration fee for property in Kamala Vinayagar St

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value amounts to Rs 9,50,000. The stamp duty at 7% would be Rs 66,500, while the registration fee at 2% would be Rs 19,000, bringing the total to Rs 85,500. 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 more details.

Which Sub Registrar Office covers Kamala Vinayagar St?

The Sub Registrar Office that covers Kamala Vinayagar St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Paruthipattu. It serves as the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the stamp duty and registration fees applicable. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price of the property.

Frequently asked questions

What is the current guideline value of Kamala Vinayagar St?

The current guideline value of Kamala Vinayagar St is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions: Rs 900 per sq.ft in 2012, Rs 603 per sq.ft in 2017, Rs 900 per sq.ft in 2023, and Rs 950 per sq.ft in 2024. The overall change from 2012 to 2024 is an increase of 6%.

What is the land classification for Kamala Vinayagar St?

Kamala Vinayagar St is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 9,50,000, the stamp duty would be Rs 66,500 and the registration fee would be Rs 19,000, totaling Rs 85,500. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Kamala Vinayagar St?

The Avadi Sub Registrar Office handles property registrations for Kamala Vinayagar St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.