Guideline Value for KSLASHTRI MOORTHY AVENUE

Kslashtri Moorthy Avenue guideline value

The current guideline value of Kslashtri Moorthy Avenue is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Thirumazhisai village, under the Poonamallee SRO, and is classified as Commercial Special Type - I.

How the guideline value of Kslashtri Moorthy Avenue has changed

The guideline value for Kslashtri Moorthy Avenue has experienced several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 1,200 per sq.ft. This figure remained until the 2017 revision, which saw a decrease to Rs 804 per sq.ft. Following this, the value increased significantly to Rs 1,200 per sq.ft in 2023, marking a 49% increase from the 2017 figure. The most recent revision in 2024 set the guideline value at Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no recorded figures for Kslashtri Moorthy Avenue in the revisions from 2002, 2003, and 2007. Overall, comparing the 2012 figure to the 2024 figure, there has been a 10% increase in the guideline value.

Guideline values in Thirumazhisai

In Thirumazhisai, there are 86 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 730 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,320 per sq.ft, which is equal to the 2024 figure for Kslashtri Moorthy Avenue.

• Kslashtri Baby Nagar: Rs 1,320 per sq.ft (2024)
• Kslashtri Nagar: Rs 1,320 per sq.ft (2024)
• Kslashtri Nagar Extension: Rs 1,320 per sq.ft (2024)
• Kumaran nagar: Rs 1,100 per sq.ft (2024)
• Kumaresan Nagar: Rs 1,650 per sq.ft (2024)
• Kuppusamy Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kslashtri Moorthy Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total charges to Rs 1,18,800. It is important to note that 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 Kslashtri Moorthy Avenue?

The Sub Registrar Office that covers Kslashtri Moorthy Avenue is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for further assistance.

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

The guideline value is a critical factor in the registration process when buying or selling property in Thirumazhisai. It serves as a benchmark for determining the stamp duty and registration fees that must be paid at the time of registration.

Frequently asked questions

What is the current guideline value of Kslashtri Moorthy Avenue?

The current guideline value of Kslashtri Moorthy Avenue is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the classification of Kslashtri Moorthy Avenue?

Kslashtri Moorthy Avenue is classified as Commercial Special Type - I under the Poonamallee SRO.

Where can I find the Sub Registrar Office for Kslashtri Moorthy Avenue?

The Sub Registrar Office for Kslashtri Moorthy Avenue is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

How is the stamp duty calculated for properties in Kslashtri Moorthy Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 1,320 per sq.ft, the stamp duty would be Rs 92,400.