Guideline Value for Kalyani Avenue

Kalyani Avenue guideline value

The current guideline value of Kalyani Avenue is Rs 1,430 per sq.ft, effective from 1 July 2024. This street is located in Kovur village under the Kunrathur SRO. The land classification for this area is Mixed Type - I.

How the guideline value of Kalyani Avenue has changed

The guideline value for Kalyani Avenue has undergone several revisions over the years. In the 2007 revision, the value was Rs 400 per sq.ft, which increased significantly to Rs 1,300 per sq.ft in the 2012 revision, marking a 225% increase. However, in the 2017 revision, the value dropped to Rs 871 per sq.ft, a decrease of 33%. The value then rose to Rs 1,300 per sq.ft in the 2023 revision, and finally reached Rs 1,430 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

Over the years, the overall change from the 2007 revision to the 2024 revision is a substantial increase of 258%. Notably, there are no figures available for Kalyani Avenue in the 2002 and 2003 revisions.

Guideline values in Kovur

Kovur village has 91 streets under the Kunrathur SRO that have a guideline value for 2024, ranging from Rs 1,320 to Rs 3,300 per sq.ft, with a median value of Rs 1,650 per sq.ft. Kalyani Avenue's 2024 guideline value is below this median.

• Kalyani Nagar: Rs 2,630 per sq.ft (2024)
• Kanabiran Koil Street: Rs 1,650 per sq.ft (2024)
• Kanniappan Garden: Rs 1,430 per sq.ft (2024)
• Indira Nagar: Rs 1,650 per sq.ft (2024)
• Kilaku Madaveethi Street: Rs 1,320 per sq.ft (2024)
• K.N.B. Nagar: Rs 1,430 per sq.ft (2024)

Stamp duty and registration fee for property in Kalyani Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value amounts to Rs 14,30,000. The stamp duty at 7% would be Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, bringing the total to Rs 1,28,700. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kalyani Avenue?

Kalyani 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 details.

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

The guideline value is a crucial factor in property transactions in Kovur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware that the guideline value is used to assess the costs associated with property transfers.

When purchasing or selling property, it is essential to understand that the guideline value can influence the overall expenses involved in the transaction. This ensures that all parties are aware of the financial obligations tied to the property being exchanged.

Frequently asked questions

What is the current guideline value for Kalyani Avenue?

The current guideline value for Kalyani Avenue is Rs 1,430 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,430 per sq.ft in 2024, an overall increase of 258%. The most recent revision increased the value by 10% from Rs 1,300 per sq.ft in 2023.

What are the other streets in Kovur with their guideline values?

Other streets in Kovur include Kalyani Nagar at Rs 2,630 per sq.ft, Kanabiran Koil Street at Rs 1,650 per sq.ft, and Kanniappan Garden at Rs 1,430 per sq.ft, among others.

How is stamp duty calculated for properties in Kalyani 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 Rs 1,430 per sq.ft, the total guideline value would be Rs 14,30,000, leading to a stamp duty of Rs 1,00,100.

Which office handles property registrations for Kalyani Avenue?

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