Guideline Value for Kalyani Avenue

Kalyani Avenue guideline value

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

How the guideline value of Kalyani Avenue has changed

The guideline value for Kalyani Avenue has seen significant changes over the years. In the 2007 revision, the value was Rs 400 per sq.ft, which increased dramatically to Rs 2,900 per sq.ft in 2012, marking a rise of 625%. However, it then decreased to Rs 1,943 per sq.ft in the 2017 revision, a decline of 33%. The value rose again to Rs 2,900 per sq.ft in the 2023 revision, and currently stands at Rs 3,190 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 698%. The register has no figures for the years 2002 and 2003 for this street.

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, with a median value of Rs 3,520 per sq.ft. Kalyani Avenue's 2024 figure is below this median.

• Kalyan 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 Kalyani Avenue

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

Which Sub Registrar Office covers Kalyani Avenue?

The Kalyani Avenue falls under the jurisdiction of 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 is an important factor when registering property transactions in Madanandapuram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the property registration process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value as determined by the government. This helps in maintaining transparency in property transactions and is essential for legal compliance.

Frequently asked questions

What is the current guideline value of Kalyani Avenue?

The current guideline value of Kalyani 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 400 per sq.ft in 2007 to Rs 3,190 per sq.ft in 2024, reflecting an overall increase of 698% over the years.

What is the land classification for Kalyani Avenue?

Kalyani Avenue is classified as Residential Special Type - III, which indicates its designated use for residential purposes.

What are the stamp duty and registration fees for properties in Kalyani 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 the registration for Kalyani Avenue?

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