Guideline Value

Corporate

Guideline Value for KAVARAPALAYAM MAIN ROAD & ST

₹1310/sq.ft.

The guideline value for Kavarapalayam Main Road & St in Vilingiyambakkam village (Avadi SRO, Chennai zone) is Rs 1310 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vilingiyambakkam

Village

Avadi

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1310 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kavarapalayam Main Road & St

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Kavarapalayam Main Road & St guideline value

The current guideline value for Kavarapalayam Main Road & St in Vilingiyambakkam village, under the Avadi SRO, is Rs 1,310 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of Kavarapalayam Main Road & St has changed

The guideline value for Kavarapalayam Main Road & St has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,310 per sq.ft, which is an increase from Rs 1,200 per sq.ft in 2023, marking a change of +9%. Prior to that, in 2017, the value was Rs 804 per sq.ft, reflecting a significant increase of +49% to the 2023 figure. The 2012 revision had the value at Rs 1,200 per sq.ft, which was a decrease of -33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by +9%.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. The 2012 revision was the first recorded figure for Kavarapalayam Main Road & St, which was Rs 1,200 per sq.ft.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft, with a median value of Rs 935 per sq.ft. The guideline value for Kavarapalayam Main Road & St is above this median.

Stamp duty and registration fee for property in Kavarapalayam Main Road & St

For a 1,000 sq.ft plot at the current guideline value of Rs 1,310 per sq.ft, the total guideline value would be Rs 13,10,000. The stamp duty at 7% would amount to Rs 91,700, and the registration fee at 2% would be Rs 26,200, bringing the total cost for these fees to Rs 1,17,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Kavarapalayam Main Road & St?

The Kavarapalayam Main Road & St falls under the jurisdiction of the Avadi Sub Registrar Office. The address is 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 Vilingiyambakkam

The guideline value is a crucial factor during the registration of property transactions in Vilingiyambakkam. It serves as a basis for calculating the stamp duty and registration fees that buyers must pay when purchasing property.

When selling property, the guideline value helps establish a minimum value for the transaction, ensuring that the registration process is conducted fairly and transparently. Buyers and sellers should be aware of these values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kavarapalayam Main Road & St?

The current guideline value of Kavarapalayam Main Road & St is Rs 1,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2023 to Rs 1,310 per sq.ft in 2024, an increase of +9%. It was Rs 804 per sq.ft in 2017, and Rs 1,200 per sq.ft in 2012.

What is the land classification for Kavarapalayam Main Road & St?

Kavarapalayam Main Road & St is classified as Residential Class III Type - I.

Where can I find the registration office for Kavarapalayam Main Road & St?

The registration office for Kavarapalayam Main Road & St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in Kavarapalayam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, for a 1,000 sq.ft plot at Rs 1,310 per sq.ft, the total guideline value would be Rs 13,10,000, leading to stamp duty and registration fees as outlined in the example.