Guideline Value for Kavin Avenue

Kavin Avenue guideline value

The current guideline value of Kavin Avenue is Rs 700 per sq.ft. This street is located in Karanaipuducheri village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Kavin Avenue has changed

The guideline value for Kavin Avenue has undergone several revisions over the years. In 2012, the value was set at Rs 700 per sq.ft, which remained unchanged in the subsequent revision in 2017, where it was Rs 469 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 700 per sq.ft. The most recent revision in 2024 also maintains this value at Rs 700 per sq.ft, indicating no change from the previous year.

It is important to note that the register has no figures for Kavin Avenue for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has remained stable, showing an increase of 0% over this period.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO that have a guideline value for 2024, ranging from Rs 400 to Rs 2,239 per sq.ft. The median guideline value in this area is Rs 802 per sq.ft, placing Kavin Avenue's 2024 figure below that median.

• Kkr Nagar: Rs 1,200 per sq.ft (2024)
• K.K.R. Nagar Phase-I: Rs 1,200 per sq.ft (2024)
• K.K.R Nagar Phase - II: Rs 1,100 per sq.ft (2024)
• Karumariamman Nagar: Rs 800 per sq.ft (2024)
• Kpn Avenue: Rs 1,100 per sq.ft (2024)
• Kpn Grand: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Kavin Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total fees to Rs 63,000. It is important to note that the 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 Kavin Avenue?

The Sub Registrar Office that covers Kavin Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Karanaipuducheri. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration laws.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the transaction is recorded accurately and that the appropriate taxes are paid to the government.

Frequently asked questions

What is the current guideline value of Kavin Avenue?

The current guideline value of Kavin Avenue is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft since 2012, with a significant increase of 49% from Rs 469 per sq.ft in 2017 to 2023. The value has not changed from 2023 to 2024.

What is the land classification for Kavin Avenue?

Kavin Avenue is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Kavin Avenue?

The Sub Registrar Office for Kavin Avenue is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Kavin Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 700 per sq.ft would incur a total guideline value of Rs 7,00,000, leading to a stamp duty of Rs 49,000.