Guideline Value for KEERTHIKA AVENUE

Keerthika Avenue guideline value

The current guideline value of Keerthika Avenue is Rs 448 per sq.ft, effective from 1 July 2024. This street is located in Vattampakkam village, under the Sunguvarchattram SRO, and is classified as Residential Special Type - II.

How the guideline value of Keerthika Avenue has changed

The guideline value for Keerthika Avenue has remained consistent at Rs 448 per sq.ft since the 2023 revision, which also recorded the same value. Prior to that, the 2017 revision set the guideline value at Rs 300 per sq.ft, marking a significant increase of 49% to the current rate.

There are no registered figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Vattampakkam

In Vattampakkam, there are 33 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 1,790 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, making Keerthika Avenue's 2024 figure above that median.

• Lakshmi Nagar: Rs 448 per sq.ft (2024)
• Kalaizhnar Street (colony): Rs 200 per sq.ft (2024)
• Main Road: Rs 250 per sq.ft (2024)
• Indiras New Town: Rs 700 per sq.ft (2024)
• M.G.R Street (colony): Rs 200 per sq.ft (2024)
• Mother Land: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Keerthika Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 448 per sq.ft, the total guideline value amounts to Rs 4,48,000. The stamp duty at 7% would be Rs 31,360, and the registration fee at 2% would be Rs 8,960, bringing the total fees to Rs 40,320. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Keerthika Avenue?

The Sub Registrar Office that covers Keerthika Avenue is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Vattampakkam. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should always refer to the latest guideline values to ensure compliance with registration norms.

Frequently asked questions

What is the current guideline value for Keerthika Avenue?

The current guideline value for Keerthika Avenue is Rs 448 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained the same at Rs 448 per sq.ft from 2023 to 2024. It increased from Rs 300 per sq.ft in 2017 to Rs 448 per sq.ft in 2024, which is a 49% increase overall during this period.

What is the land classification for Keerthika Avenue?

Keerthika Avenue is classified as Residential Special Type - II, which indicates its designation for residential purposes within the area.

Where can I find the Sub Registrar Office for Keerthika Avenue?

The Sub Registrar Office covering Keerthika Avenue is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Keerthika Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 4,48,000, the stamp duty at 7% would amount to Rs 31,360.