Guideline Value for KAVARAPALAYAM & STREETS

Kavarapalayam & Streets guideline value

The current guideline value for Kavarapalayam & Streets is Rs 1,400 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-B village, under the Avadi SRO, and is classified as Residential Special Type - IV.

How the guideline value of Kavarapalayam & Streets has changed

The guideline value for Kavarapalayam & Streets has undergone several revisions over the years. The 2017 revision set the value at Rs 871 per sq.ft. This increased to Rs 1,300 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 saw the guideline value increase to Rs 1,400 per sq.ft, reflecting an 8% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Overall, from 2017 to 2024, the guideline value has increased by 61%.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 1,760 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, and Kavarapalayam & Streets is above this median.

• Kavarapalayam Main Road: Rs 1,400 per sq.ft (2024)
• Kaveri Nagar & Streets: Rs 770 per sq.ft (2024)
• Kaviya Garden: Rs 825 per sq.ft (2024)
• Kashiya Brindhavan Nagar: Rs 770 per sq.ft (2024)
• K.G.Nagar & St: Rs 770 per sq.ft (2024)
• K.Jeyanthi Layout & st: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Kavarapalayam & Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty at 7% would amount to Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total to Rs 1,26,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kavarapalayam & Streets?

The Kavarapalayam & Streets area is covered by 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 Thiruninravur-B

The guideline value plays a crucial role during the registration of property transactions in Thiruninravur-B. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property registration. Understanding these values can help in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value for Kavarapalayam & Streets?

The current guideline value for Kavarapalayam & Streets is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 871 per sq.ft in 2017 to Rs 1,400 per sq.ft in 2024, marking a total increase of 61% over this period.

What is the land classification for Kavarapalayam & Streets?

Kavarapalayam & Streets is classified as Residential Special Type - IV according to the guideline value register.

Where can I find the Sub Registrar Office for Kavarapalayam & Streets?

The Avadi Sub Registrar Office covers Kavarapalayam & Streets and is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Kavarapalayam & Streets?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 14,00,000 would incur a stamp duty of Rs 98,000 at 7%.