Guideline Value for KAMALAKSHI MANICKAM AVENUE

Kamalakshi Manickam Avenue guideline value

The current guideline value of Kamalakshi Manickam Avenue is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Venmanamputhur village under the Tiruvallur Joint 1 SRO, classified as Residential Class II Type - II.

How the guideline value of Kamalakshi Manickam Avenue has changed

In the 2012 revision, the guideline value was Rs 200 per sq.ft. This was followed by a decrease to Rs 134 per sq.ft in the 2017 revision, marking a drop of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 200 per sq.ft. The 2024 revision maintains this value at Rs 200 per sq.ft, indicating no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for Kamalakshi Manickam Avenue in the register. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 200 per sq.ft.

Guideline values in Venmanamputhur

In Venmanamputhur, there are 54 streets under the Tiruvallur Joint 1 SRO with a 2024 guideline value ranging from Rs 200 to Rs 400 per sq.ft. The median value is Rs 200 per sq.ft, which is the same as the guideline value for Kamalakshi Manickam Avenue.

• Kamalakshi Manickam Nagar: Rs 200 per sq.ft (2024)
• Kailash Nagar(S.No258,.259.262): Rs 200 per sq.ft (2024)
• J.K. Nagar( 244/1.2.246/1): Rs 200 per sq.ft (2024)
• Jayandra Swamigal Nagar: Rs 200 per sq.ft (2024)
• Kasthuri Ammaan Nagar: Rs 200 per sq.ft (2024)
• K.G.R. Aavin Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Kamalakshi Manickam Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, leading to a total of Rs 18,000. 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 accurate calculations based on your property details.

Which Sub Registrar Office covers Kamalakshi Manickam Avenue?

The Sub Registrar Office covering Kamalakshi Manickam Avenue is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is crucial during property transactions in Venmanamputhur, as it determines the minimum value at which properties can be registered. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Kamalakshi Manickam Avenue?

The current guideline value of Kamalakshi Manickam Avenue is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen revisions from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then back to Rs 200 per sq.ft in 2023 and 2024. Overall, from 2012 to 2024, the value has remained unchanged.

What is the land classification for Kamalakshi Manickam Avenue?

Kamalakshi Manickam Avenue is classified as Residential Class II Type - II under the Tiruvallur Joint 1 SRO.

What are the stamp duty and registration fees for properties in this area?

Stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total of Rs 18,000 in fees.

Where can I find the Sub Registrar Office for Kamalakshi Manickam Avenue?

The Sub Registrar Office for Kamalakshi Manickam Avenue is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find more information online.