Guideline Value for KATHRINE AVENUE

Kathrine Avenue guideline value

The current guideline value of Kathrine Avenue, located in Puthupakkam village under the Thiruporur SRO, is Rs 2,500 per sq.ft. This value was established in the 2023 revision and reflects the land classification as Commercial Class I Type - I.

How the guideline value of Kathrine Avenue has changed

The guideline value for Kathrine Avenue has seen several revisions over the years. In the 2012 revision, the value was set at Rs 2,500 per sq.ft. However, in the 2017 revision, it decreased to Rs 1,675 per sq.ft, marking a decline of 33%. The most recent revision in 2023 saw a significant increase to Rs 2,500 per sq.ft, representing a rise of 49% from the 2017 figure.

Overall, when comparing the 2012 and 2023 revisions, the guideline value remains unchanged at Rs 2,500 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Puthupakkam

Currently, there are no specific village figures available for Puthupakkam. Kathrine Avenue is the only street mentioned under the Thiruporur SRO.

Stamp duty and registration fee for property in Kathrine Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total guideline value amounts to Rs 25,00,000. The stamp duty at 7% would be Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, bringing the total to Rs 2,25,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kathrine Avenue?

The Sub Registrar Office that covers Kathrine Avenue is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during property registration in Puthupakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property transaction. Buyers and sellers must consider this value to ensure compliance with local regulations and to accurately calculate the associated costs.

When a property is bought or sold, the guideline value is used to assess the transaction's financial implications. The stamp duty is levied based on this value or the sale price, whichever is higher, ensuring that all parties are aware of the financial obligations involved in the property transfer.

Frequently asked questions

What is the current guideline value of Kathrine Avenue?

The current guideline value of Kathrine Avenue is Rs 2,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value decreased from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increased back to Rs 2,500 per sq.ft in 2023. Overall, from 2012 to 2023, the value has remained the same.

What are the stamp duty and registration fees for properties on Kathrine Avenue?

For a property valued at Rs 25,00,000, the stamp duty at 7% would be Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, totaling Rs 2,25,000.

Which office handles the registration for Kathrine Avenue?

The Thiruporur Sub Registrar Office handles the registration for Kathrine Avenue, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

Is there any guideline value for other streets in Puthupakkam?

Currently, there are no other streets in Puthupakkam mentioned under the Thiruporur SRO, making Kathrine Avenue the only street referenced for guideline values.