Guideline Value for KONAMBEDU EASTERN SIDE

Konambedu Eastern Side guideline value

The current guideline value for Konambedu Eastern Side in Paruthipattu village, under the Avadi SRO, is Rs 950 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Konambedu Eastern Side has changed

The guideline value for Konambedu Eastern Side has seen several revisions over the years. In 2012, the value was Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in 2017. Following this, the value increased significantly to Rs 900 per sq.ft in 2023, and further rose to Rs 950 per sq.ft in 2024, marking a 6% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, comparing the values from 2012 to 2024, there has been a slight increase of 6%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft. The median value for these streets is Rs 1,625 per sq.ft, indicating that the guideline value for Konambedu Eastern Side is below this median.

• Konambedu Eastern Side 1st Street: Rs 950 per sq.ft (2024)
• Konambedu Eastern Side 2nd Street: Rs 950 per sq.ft (2024)
• Konambedu Eastern Side 3rd Street: Rs 950 per sq.ft (2024)
• Konambedu Western Side 1st Street: Rs 950 per sq.ft (2024)
• Konambedu Western Side 2nd Street: Rs 950 per sq.ft (2024)
• Konambedu Western Side 3rd Street: Rs 950 per sq.ft (2024)

Stamp duty and registration fee for property in Konambedu Eastern Side

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value would be Rs 9,50,000. The stamp duty at 7% would be Rs 66,500, and the registration fee at 2% would be Rs 19,000, totaling Rs 85,500. 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 details.

Which Sub Registrar Office covers Konambedu Eastern Side?

The Sub Registrar Office that covers Konambedu Eastern Side 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 Paruthipattu

The guideline value is an important factor when buying or selling property in Paruthipattu, as it determines the minimum price at which a property can be registered. This value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the sale price cannot be lower than the guideline value. This ensures that the government receives appropriate revenue from property transactions. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Konambedu Eastern Side?

The current guideline value of Konambedu Eastern Side is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then to Rs 900 per sq.ft in 2023, and finally to Rs 950 per sq.ft in 2024.

What is the land classification of Konambedu Eastern Side?

Konambedu Eastern Side is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 9,50,000, the stamp duty would be Rs 66,500 and the registration fee would be Rs 19,000, totaling Rs 85,500.

Where is the Sub Registrar Office for Konambedu Eastern Side located?

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