Guideline Value for KARTHICK AVENUE

Karthick Avenue guideline value

The current guideline value of Karthick Avenue in Kavanur village, under the Gooduvancheri SRO, is Rs 800 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Karthick Avenue has changed

In the 2012 revision, the guideline value was set at Rs 800 per sq.ft. This value remained unchanged in the 2017 revision, where it was also Rs 800 per sq.ft. However, in the 2017 revision, there was a significant increase to Rs 536 per sq.ft in the 2017 revision, reflecting a change of -33% from the previous figure. The 2023 revision maintained the value at Rs 800 per sq.ft, and the 2024 revision again set it at Rs 800 per sq.ft, showing no change from the previous year.

There are no figures available for Karthick Avenue in the revisions for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 800 per sq.ft.

Guideline values in Kavanur

Kavanur has 109 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 500 to Rs 2,239 per sq.ft. The median guideline value for these streets is Rs 800 per sq.ft, which is equal to the current guideline value of Karthick Avenue.

• Karthik Nagar: Rs 800 per sq.ft (2024)
• Kamatchi Nagar: Rs 500 per sq.ft (2024)
• Jayam Nagar: Rs 700 per sq.ft (2024)
• Indhira Gandhi Nagar: Rs 600 per sq.ft (2024)
• Guru Ramesh Nagar: Rs 700 per sq.ft (2024)
• Gunguni Amman Kovil Theru: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Karthick Avenue

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, making the total Rs 72,000. 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 Karthick Avenue?

The Karthick Avenue area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an important factor when registering property transactions in Kavanur. It serves as a reference for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Karthick Avenue?

The current guideline value of Karthick Avenue is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent figures being Rs 800 per sq.ft in both the 2023 and 2024 revisions. The value was Rs 536 per sq.ft in 2017 and Rs 800 per sq.ft in 2012.

What are the guideline values of other streets in Kavanur?

Other streets in Kavanur have varying guideline values, with Karthick Nagar and Karthick Avenue both at Rs 800 per sq.ft. Other streets include Kamatchi Nagar at Rs 500 per sq.ft, Jayam Nagar at Rs 700 per sq.ft, and others listed in the article.

How is stamp duty calculated for properties in Karthick Avenue?

Stamp duty for properties in Karthick Avenue is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 800 per sq.ft would incur a stamp duty of Rs 56,000.

Which Sub Registrar Office handles registrations for Karthick Avenue?

The Gooduvancheri Sub Registrar Office handles registrations for Karthick Avenue, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.