Guideline Value for KAVIN AVENUE PHASE -I

Kavin Avenue Phase -I guideline value

The current guideline value of Kavin Avenue Phase -I is Rs 150 per sq.ft, effective from 1 July 2024. This property is located in Sirupagal village under the Walajabad SRO, with a land classification of Residential Special Type - I.

How the guideline value of Kavin Avenue Phase -I has changed

The guideline value for Kavin Avenue Phase -I has seen several revisions over the years. The 2012 revision set the guideline value at Rs 150 per sq.ft, which remained unchanged until the 2023 revision, where it was again Rs 150 per sq.ft. The 2017 revision had a lower value of Rs 100 per sq.ft, marking a decrease of 33% from the 2012 figure. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 150 per sq.ft.

Between the 2017 and 2023 revisions, there was a significant increase of 50%, bringing the value back to Rs 150 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Sirupagal

Currently, there are no specific village figures available for Sirupagal. Kavin Avenue Phase -I is situated in this area, which is covered by the Walajabad SRO.

Stamp duty and registration fee for property in Kavin Avenue Phase -I

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total cost together to Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kavin Avenue Phase -I?

The Kavin Avenue Phase -I is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

You can find your SRO for more details.

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

When buying or selling property in Sirupagal, the guideline value plays a crucial role in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. Proper understanding of the guideline value can help in smooth transactions and compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Kavin Avenue Phase -I?

The current guideline value of Kavin Avenue Phase -I is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has fluctuated, with Rs 150 per sq.ft in 2012, a decrease to Rs 100 per sq.ft in 2017, and then returning to Rs 150 per sq.ft in 2023 and 2024.

What are the stamp duty and registration fees for property in Kavin Avenue Phase -I?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 10,500, and the registration fee would be Rs 3,000, totaling Rs 13,500.

Which Sub Registrar Office covers Kavin Avenue Phase -I?

Kavin Avenue Phase -I falls under the jurisdiction of the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. The fees are based on the higher of the guideline value or the sale price, ensuring compliance with legal requirements.