Guideline Value for Koushik Avenue Ext II

Koushik Avenue Ext II guideline value

The current guideline value of Koushik Avenue Ext II is Rs 2,150 per sq.ft, effective from 1 July 2024. This street is located in Rajakilpakkam village under the Selaiyur SRO, classified as Residential Class I Type - I.

How the guideline value of Koushik Avenue Ext II has changed

The guideline value for Koushik Avenue Ext II has undergone several revisions over the years. Starting from the 2012 revision, the guideline value was Rs 2,000 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 1,340 per sq.ft. Following this, there was a significant increase to Rs 2,000 per sq.ft in the 2023 revision, and the latest revision in 2024 set the value at Rs 2,150 per sq.ft, marking an 8% increase from the previous year.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. Overall, when comparing the 2012 revision to the current 2024 figure, there has been a slight increase of 8%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 5,000 per sq.ft. The median guideline value for these streets is Rs 2,150 per sq.ft, which is equal to the current guideline value of Koushik Avenue Ext II.

• Koushik Avenue Ext I: Rs 2,150 per sq.ft (2024)
• Koushik Avenue Ext III: Rs 2,150 per sq.ft (2024)
• Koushik Avenue 5th Street: Rs 2,150 per sq.ft (2024)
• Koushik Avenue 4th Street: Rs 2,150 per sq.ft (2024)
• Koushik Avenue 3rd Street: Rs 2,150 per sq.ft (2024)
• Koushik Avenue 2nd Street: Rs 2,150 per sq.ft (2024)

Stamp duty and registration fee for property in Koushik Avenue Ext II

For a 1,000 sq.ft plot at the current guideline value of Rs 2,150 per sq.ft, the total guideline value amounts to Rs 21,50,000. The stamp duty at 7% would be Rs 1,50,500, and the registration fee at 2% would be Rs 43,000, leading to a total of Rs 1,93,500. 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 Koushik Avenue Ext II?

Koushik Avenue Ext II is covered by the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Rajakilpakkam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This value is set by the government and can influence the overall cost of the transaction.

When selling property, the guideline value helps establish a baseline for the sale price. Buyers and sellers often refer to the guideline value to ensure that the transaction aligns with the current market standards set by the Registration Department.

Frequently asked questions

What is the current guideline value of Koushik Avenue Ext II?

The current guideline value of Koushik Avenue Ext II is Rs 2,150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 in 2023, and finally to Rs 2,150 in 2024.

What is the median guideline value in Rajakilpakkam?

The median guideline value in Rajakilpakkam is Rs 2,150 per sq.ft, which is the same as the current guideline value for Koushik Avenue Ext II.

What are the stamp duty and registration fees for Koushik Avenue Ext II?

For a 1,000 sq.ft plot, the total guideline value is Rs 21,50,000. The stamp duty is Rs 1,50,500, and the registration fee is Rs 43,000, totaling Rs 1,93,500.

Which office handles the registration for Koushik Avenue Ext II?

The Selaiyur Sub Registrar Office handles the registration for Koushik Avenue Ext II, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.