Guideline Value for KAVARAPALAYAM MAIN ROAD

Kavarapalayam Main Road guideline value

The current guideline value of Kavarapalayam Main Road is Rs 1,400 per sq.ft, effective from 1 July 2024. This road is located in Thiruninravur-A village under the Avadi SRO, classified as Residential Special Type - IV.

How the guideline value of Kavarapalayam Main Road has changed

The guideline value for Kavarapalayam Main Road has seen significant changes over the years. The register shows that in 2017, the value was Rs 871 per sq.ft. This increased to Rs 1,300 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 1,400 per sq.ft, which is an 8% increase from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 61%.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,750 per sq.ft. The median guideline value for these streets is Rs 750 per sq.ft, placing Kavarapalayam Main Road's 2024 figure above that median.

• Kavarapalayam & Streets: Rs 1,400 per sq.ft (2024)
• Kaveri Nagar & Streets: Rs 750 per sq.ft (2024)
• Kashiya Brindhavan Nagar: Rs 750 per sq.ft (2024)
• K.G.Nagar & St: Rs 750 per sq.ft (2024)
• K.Jeyanthi Layout &st: Rs 750 per sq.ft (2024)
• Karpagavinayagar Nagar: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Kavarapalayam Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value amounts to Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, while the registration fee at 2% would be Rs 28,000, totaling Rs 1,26,000. 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 Kavarapalayam Main Road?

The Kavarapalayam Main Road falls under 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-A

The guideline value is a critical factor during the registration of property transactions in Thiruninravur-A. It serves as a benchmark for calculating the stamp duty and registration fees that buyers and sellers must pay when transferring property ownership.

When a property is sold, the guideline value is used to determine the minimum sale price for the transaction. If the sale price is lower than the guideline value, the duty is charged based on the guideline value to ensure that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kavarapalayam Main Road?

The current guideline value of Kavarapalayam Main Road 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 an overall increase of 61% over this period.

What are the stamp duty and registration fees for properties on Kavarapalayam Main Road?

For a property valued at Rs 14,00,000, the stamp duty would be Rs 98,000 and the registration fee would be Rs 28,000, totaling Rs 1,26,000.

Which Sub Registrar Office covers Kavarapalayam Main Road?

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

What is the land classification for Kavarapalayam Main Road?

Kavarapalayam Main Road is classified as Residential Special Type - IV under the guideline value register.