Guideline Value for Kumaran Avenue

Kumaran Avenue guideline value

The current guideline value of Kumaran Avenue in Adhanoor village is Rs 1,000 per sq.ft, effective from 1 July 2024. This property falls under the Gooduvancheri SRO and is classified as Residential Special Type - I.

How the guideline value of Kumaran Avenue has changed

The guideline value of Kumaran Avenue has seen several revisions over the years. Starting from the 2012 revision, the value was Rs 1,000 per sq.ft. In 2017, it decreased to Rs 670 per sq.ft, marking a reduction of 33%. However, by the 2023 revision, it returned to Rs 1,000 per sq.ft, and the 2024 revision maintained this figure, resulting in no overall change from 2012 to 2024.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. The 2024 revision shows that the guideline value has remained stable at Rs 1,000 per sq.ft, consistent with the previous year's value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO that have a 2024 guideline value ranging from Rs 670 to Rs 3,000 per sq.ft. The median guideline value is Rs 1,000 per sq.ft, placing Kumaran Avenue at this median value.

• Krishna Nagar (Extn): Rs 1,000 per sq.ft (2024)
• Krishna Nagar: Rs 1,000 per sq.ft (2024)
• Lakshmi Nagar: Rs 1,000 per sq.ft (2024)
• Krishapuri: Rs 1,000 per sq.ft (2024)
• K.P.S. Nagar: Rs 1,000 per sq.ft (2024)
• K.M.A. Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Kumaran Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. 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 Kumaran Avenue?

The Sub Registrar Office that covers Kumaran 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 Adhanoor

The guideline value is a critical factor when registering property transactions in Adhanoor. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the registration process is transparent and standardized.

When a buyer purchases a property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Kumaran Avenue?

The current guideline value of Kumaran Avenue is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has fluctuated over the years, with a decrease to Rs 670 per sq.ft in 2017, followed by a return to Rs 1,000 per sq.ft in 2023 and 2024. Overall, from 2012 to 2024, there has been no change.

What is the land classification for Kumaran Avenue?

Kumaran Avenue is classified as Residential Special Type - I, indicating its intended use for residential purposes.

Where can I find the registration office for Kumaran Avenue?

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

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 10,00,000 would incur a stamp duty of Rs 70,000 at 7%.