Guideline Value for KOHINUR AVENUE

Kohinur Avenue guideline value

The current guideline value of Kohinur Avenue is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Perumpakkam village and falls under the Tiruvallur Joint 1 SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Kohinur Avenue has changed

In the 2017 revision, the guideline value was Rs 469 per sq.ft. It increased to Rs 700 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 770 per sq.ft, reflecting a further increase of 10% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Perumpakkam

In Perumpakkam, there are 17 streets under the Tiruvallur Joint 1 SRO that carry a guideline value for 2024, ranging from Rs 680 to Rs 1,650 per sq.ft. The median guideline value is Rs 770 per sq.ft, which is equal to the current value for Kohinur Avenue.

• K.K. Nagar: Rs 680 per sq.ft (2024)
• K.V.L. Garden: Rs 770 per sq.ft (2024)
• J.J. Nagar: Rs 770 per sq.ft (2024)
• Javahar Nagar: Rs 1,650 per sq.ft (2024)
• Golden Avenue: Rs 1,650 per sq.ft (2024)
• B.V.Anandam Nagar: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Kohinur Avenue

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 7,70,000. The stamp duty, charged at 7%, would amount to Rs 53,900, while the registration fee at 2% would be Rs 15,400. Together, these fees total Rs 69,300. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kohinur Avenue?

Kohinur Avenue is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perumpakkam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that these costs are based on a standardized valuation.

When a property is sold, the buyer must pay stamp duty and registration fees based on the higher of the guideline value or the sale price. This helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Kohinur Avenue?

The current guideline value of Kohinur Avenue is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 469 per sq.ft to Rs 770 per sq.ft in 2024, reflecting a total increase of 64% over these years.

What are the stamp duty and registration fees for properties in Kohinur Avenue?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 7,70,000, the total fees would be Rs 69,300.

Which office handles property registrations for Kohinur Avenue?

The Tiruvallur Joint 1 Sub Registrar Office handles property registrations for Kohinur Avenue, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What is the median guideline value for streets in Perumpakkam?

The median guideline value for streets in Perumpakkam is Rs 770 per sq.ft, which is the same as the current guideline value for Kohinur Avenue.