Guideline Value for KANAGA RAMAN AVENUE

Kanaga Raman Avenue guideline value

The current guideline value of Kanaga Raman Avenue is Rs 400 per sq.ft. This street is located in Anumandhapuram village, under the Chengleput Joint II SRO, and is classified as Residential Class II Type - III.

How the guideline value of Kanaga Raman Avenue has changed

The guideline value for Kanaga Raman Avenue has undergone several revisions. The earliest recorded figure is from 2012, which was Rs 400 per sq.ft. In 2017, the value decreased to Rs 268 per sq.ft, marking a decline of 33%. However, by the 2023 revision, the value rose to Rs 400 per sq.ft, and it remained unchanged in the 2024 revision, reflecting a 49% increase from the 2017 figure.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for Kanaga Raman Avenue. The overall change from the 2012 revision to the 2024 revision shows no increase, as both years reflect a guideline value of Rs 400 per sq.ft.

Guideline values in Anumandhapuram

In Anumandhapuram, there are 12 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 1,200 per sq.ft. The median guideline value for these streets is Rs 402 per sq.ft, which means that Kanaga Raman Avenue's 2024 figure is below this median.

• M.M.Nagar: Rs 700 per sq.ft (2024)
• Aanantham Nagar: Rs 200 per sq.ft (2024)
• Senthamizh Nagar: Rs 400 per sq.ft (2024)
• Shridi Sai Nagar: Rs 402 per sq.ft (2024)
• Veerabathira Nagar: Rs 401 per sq.ft (2024)
• Viswanatha Puram: Rs 401 per sq.ft (2024)

Stamp duty and registration fee for property in Kanaga Raman Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total cost for these fees to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kanaga Raman Avenue?

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

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

The guideline value is a crucial factor in the property registration process in Anumandhapuram. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

It is essential for buyers and sellers to be informed about the guideline value as it can significantly impact the overall cost of property transactions. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Kanaga Raman Avenue?

The current guideline value of Kanaga Raman Avenue is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then back to Rs 400 per sq.ft in 2023 and 2024.

What is the land classification for Kanaga Raman Avenue?

Kanaga Raman Avenue is classified as Residential Class II Type - III.

What are the stamp duty and registration fees for property in Kanaga Raman Avenue?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 36,000 based on the current guideline value of Rs 4,00,000.

Where is the Sub Registrar Office for Kanaga Raman Avenue located?

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