Guideline Value for KENNADYST

Kennadyst guideline value

The current guideline value of Kennadyst is Rs 810 per sq.ft, effective from 1 July 2024. This area is located in Vilingiyambakkam village, under the Avadi SRO, and is classified as Residential Class I Type - III.

How the guideline value of Kennadyst has changed

The guideline value for Kennadyst has seen several revisions over the years. The 2012 revision set the value at Rs 650 per sq.ft, which was then reduced to Rs 435 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 650 per sq.ft, and the most recent 2024 revision has raised it to Rs 810 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

From the 2017 to 2023 revision, there was a significant increase of 49%. The transition from 2023 to 2024 reflects a 25% increase. Overall, from 2012 to 2024, the guideline value has increased by 25% despite the drop observed between 2012 and 2017.

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 Kennadyst is below this median.

• Kavarapalayam Streets: Rs 1,310 per sq.ft (2024)
• 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)

Stamp duty and registration fee for property in Kennadyst

For a 1,000 sq.ft plot at the current guideline value of Rs 810 per sq.ft, the total guideline value amounts to Rs 8,10,000. The stamp duty at 7% would be Rs 56,700, and the registration fee at 2% would be Rs 16,200, resulting in a total of Rs 72,900. 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 further calculations.

Which Sub Registrar Office covers Kennadyst?

The Sub Registrar Office that covers Kennadyst is 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 Vilingiyambakkam

The guideline value is a crucial factor when registering property transactions in Vilingiyambakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the transaction is conducted at a legally recognized value.

When buying or selling property, the guideline value affects the calculation of stamp duty and registration fees, which are mandatory costs associated with property transactions. Buyers should be aware of these values to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Kennadyst?

The current guideline value of Kennadyst is Rs 810 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 650 per sq.ft in 2012 to Rs 435 per sq.ft in 2017, then back to Rs 650 per sq.ft in 2023, and finally to Rs 810 per sq.ft in 2024.

What is the land classification of Kennadyst?

Kennadyst is classified as Residential Class I Type - III, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Kennadyst?

For a property valued at Rs 8,10,000, the stamp duty would be Rs 56,700 and the registration fee would be Rs 16,200, totaling Rs 72,900.

Where can I find the Sub Registrar Office for Kennadyst?

The Sub Registrar Office for Kennadyst is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.