Guideline Value for Kuberar Aveune

Kuberar Aveune guideline value

The current guideline value of Kuberar Aveune is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Varadarajapuram village under the Padappai SRO, and the land classification is Residential Special Type - I.

How the guideline value of Kuberar Aveune has changed

The guideline value for Kuberar Aveune has seen several revisions over the years. The earliest recorded revision was in 2012, with a guideline value of Rs 1,800 per sq.ft. This was followed by a decrease to Rs 1,206 per sq.ft in 2017. The 2023 revision increased the value to Rs 1,800 per sq.ft, and the most recent revision in 2024 has set the value at Rs 1,980 per sq.ft.

Between the revisions, there have been notable changes. From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The change from 2023 to 2024 shows an increase of 10%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Varadarajapuram

In Varadarajapuram, there are 250 streets under the Padappai SRO, with guideline values ranging from Rs 880 to Rs 4,100 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, making Kuberar Aveune's 2024 figure of Rs 1,980 per sq.ft above this median.

• Kumaran Nagar: Rs 1,650 per sq.ft (2024)
• Krishna Nagar Part II: Rs 1,650 per sq.ft (2024)
• Krishna Nagar Part I: Rs 1,650 per sq.ft (2024)
• Krishna Nagar I, II and III: Rs 1,320 per sq.ft (2024)
• Krishna Nagar: Rs 1,320 per sq.ft (2024)
• Lakshmi Katatcham Nagar: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Kuberar Aveune

For a 1,000 sq.ft plot at the current rate of Rs 1,980 per sq.ft, the guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kuberar Aveune?

The Sub Registrar Office that covers Kuberar Aveune is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Varadarajapuram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kuberar Aveune?

The current guideline value of Kuberar Aveune is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then back to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the land classification for Kuberar Aveune?

Kuberar Aveune is classified as Residential Special Type - I.

What are the stamp duty and registration fees for properties in Kuberar Aveune?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600, and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Where is the Sub Registrar Office for Kuberar Aveune located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.