Guideline Value for Kalyan Avenue

Kalyan Avenue guideline value

The current guideline value of Kalyan Avenue in Madanandapuram village, under the Kunrathur SRO, is Rs 3,190 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - III.

How the guideline value of Kalyan Avenue has changed

Over the years, the guideline value of Kalyan Avenue has seen several revisions. The earliest recorded figure was Rs 881 per sq.ft in 2007, which increased significantly to Rs 2,900 per sq.ft in 2012, marking a rise of 229%. However, this value dropped to Rs 1,943 per sq.ft in 2017, a decrease of 33%. Subsequently, the guideline value surged to Rs 2,900 per sq.ft in 2023, and then to Rs 3,190 per sq.ft in 2024, reflecting a 10% increase.

The register has no figures for the years 2002 and 2003. From 2017 to 2023, the increase was 49%, leading to the current value of Rs 3,190 per sq.ft. Overall, from 2007 to 2024, the guideline value has increased by 262%.

Guideline values in Madanandapuram

Madanandapuram village has 94 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 2,530 to Rs 5,830 per sq.ft. The median value for these streets is Rs 3,520 per sq.ft, making Kalyan Avenue's 2024 figure below this median.

• Kalyani Avenue: Rs 3,190 per sq.ft (2024)
• Kamatchi Amman Nagar: Rs 3,520 per sq.ft (2024)
• Kannappan Nagar: Rs 3,520 per sq.ft (2024)
• Jayalakshmi Nagar: Rs 3,190 per sq.ft (2024)
• Karpagambal Nagar: Rs 3,520 per sq.ft (2024)
• Karpagambal Nagar Annuxe: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Kalyan Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 3,190 per sq.ft, the total guideline value amounts to Rs 31,90,000. The stamp duty at 7% would be Rs 2,23,300, and the registration fee at 2% would be Rs 63,800, totaling Rs 2,87,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalyan Avenue?

Kalyan Avenue is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai - 600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Madanandapuram. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees payable at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value, as it influences the overall costs involved in property transactions. Accurate knowledge of the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Kalyan Avenue?

The current guideline value of Kalyan Avenue is Rs 3,190 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 881 per sq.ft in 2007 to Rs 3,190 per sq.ft in 2024, reflecting a total increase of 262% over the years.

What is the classification of land in Kalyan Avenue?

The land in Kalyan Avenue is classified as Residential Special Type - III.

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

For a property valued at Rs 31,90,000, the stamp duty would be Rs 2,23,300 and the registration fee would be Rs 63,800, totaling Rs 2,87,100.

Which office handles registrations for Kalyan Avenue?

The Kunrathur Sub Registrar Office handles registrations for Kalyan Avenue, located at No.59, Road Street, Kundrathur, Chennai - 600 069.