Guideline Value for KAVARAPALAYAM STREETS

Kavarapalayam Streets guideline value

The current guideline value of Kavarapalayam Streets is Rs 1,310 per sq.ft, effective from 1 July 2024. This street is located in Vilingiyambakkam village under the Avadi SRO and falls under the Residential Class III Type - I land classification.

How the guideline value of Kavarapalayam Streets has changed

The guideline value for Kavarapalayam Streets has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which decreased to Rs 804 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value rebounded significantly to Rs 1,200 per sq.ft in 2023, before rising again to Rs 1,310 per sq.ft in the 2024 revision, reflecting a 9% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, when comparing the 2012 figure to the 2024 figure, there has been a slight increase of 9%. The register has no figures for the years 2002, 2003, and 2007 for this street.

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. The median guideline value in the village is Rs 935 per sq.ft, placing Kavarapalayam Streets above this median.

• Kavarapalayam Main Road & St: Rs 1,310 per sq.ft (2024)
• Kattapomman St: Rs 935 per sq.ft (2024)
• Kasthuribai Nagar 1,2nd Cross St: Rs 1,310 per sq.ft (2024)
• Karunanithi 2nd Street: Rs 935 per sq.ft (2024)
• Karunanithi 1st Street: Rs 935 per sq.ft (2024)
• Karunanidhi Street: Rs 935 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 1,310 per sq.ft, the total guideline value amounts to Rs 13,10,000. The stamp duty is charged at 7%, resulting in Rs 91,700, while the registration fee at 2% totals Rs 26,200. The combined total for these fees is 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 use the stamp duty and registration fee calculator for more information on fees.

Which Sub Registrar Office covers Kavarapalayam Streets?

The Kavarapalayam Streets are 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 further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vilingiyambakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Kavarapalayam Streets?

The current guideline value of Kavarapalayam Streets 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 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,310 per sq.ft in 2024.

What are the stamp duty and registration fees for Kavarapalayam Streets?

For a 1,000 sq.ft plot, the guideline value is Rs 13,10,000. The stamp duty is Rs 91,700, and the registration fee is Rs 26,200, making the total Rs 1,17,900.

Which office handles registrations for Kavarapalayam Streets?

The Avadi Sub Registrar Office handles registrations for Kavarapalayam Streets. The office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is compared with the sale price, and the higher amount is used for calculating the applicable duties and fees.