Guideline Value for KONAMBEDU WESTERN SIDE 5TH STREET

Konambedu Western Side 5th Street guideline value

The current guideline value of Konambedu Western Side 5th Street is Rs 950 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village under the Avadi SRO, classified as Residential Class II Type - I.

How the guideline value of Konambedu Western Side 5th Street has changed

The guideline value for Konambedu Western Side 5th Street has undergone several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 900 per sq.ft. This was followed by a decrease to Rs 603 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value rose significantly to Rs 900 per sq.ft, an increase of 49%. The latest revision in 2024 set the guideline value at Rs 950 per sq.ft, reflecting a 6% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that carry 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 of Konambedu Western Side 5th Street is below this median.

• Konambedu Western Side 4th Street: Rs 950 per sq.ft (2024)
• Konambedu Western Side 6th Street: Rs 950 per sq.ft (2024)
• Konambedu Western Side 3rd Street: Rs 950 per sq.ft (2024)
• Konambedu Western Side 2nd Street: Rs 950 per sq.ft (2024)
• Konambedu Western Side 1st Street: Rs 950 per sq.ft (2024)
• Konambedu Eastern Side 3rd Street: Rs 950 per sq.ft (2024)

Stamp duty and registration fee for property in Konambedu Western Side 5th Street

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 amount to 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 and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Konambedu Western Side 5th Street?

The Sub Registrar Office that covers Konambedu Western Side 5th Street is the Avadi Sub Registrar Office. The address is 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 a crucial factor during the registration process of property transactions in Paruthipattu. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the official value of the property for legal purposes. Buyers and sellers must be aware of these values to ensure compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Konambedu Western Side 5th Street?

The current guideline value of Konambedu Western Side 5th Street 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 are the stamp duty and registration fees for property transactions?

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

What is the land classification of Konambedu Western Side 5th Street?

Konambedu Western Side 5th Street is classified as Residential Class II Type - I.

Which office handles property registrations for this area?

The Avadi Sub Registrar Office handles property registrations for Konambedu Western Side 5th Street, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.