Guideline Value for R K Avenue Part I

R K Avenue Part I guideline value

The current guideline value of R K Avenue Part I is Rs 2,000 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur C village and falls under the Sriperumpudur SRO. The land classification for this area is Commercial Class I Type - III.

How the guideline value of R K Avenue Part I has changed

The guideline value for R K Avenue Part I has seen significant changes over the years. The 2024 revision sets the value at Rs 2,000 per sq.ft, which is the same as the 2023 revision. Prior to this, in 2017, the guideline value was Rs 1,340 per sq.ft. There are no figures available for the revisions in 2012, 2007, 2003, and 2002 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, the change from 2017 to the current 2024 figure also reflects a 49% increase.

Guideline values in Sriperumbudur C

In Sriperumbudur C, there are 63 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,500 per sq.ft. The median value for these streets is Rs 720 per sq.ft, making R K Avenue Part I's 2024 figure above that median.

• R K Avenue Part II: Rs 2,000 per sq.ft (2024)
• Ramesh Nagar Part II: Rs 720 per sq.ft (2024)
• Santhana Ganapathi Nagar: Rs 720 per sq.ft (2024)
• Shri Guru Ganesh Avenue: Rs 1,200 per sq.ft (2024)
• Sree Balaji Avenue: Rs 1,200 per sq.ft (2024)
• Temple Town: Rs 1,350 per sq.ft (2024)

Stamp duty and registration fee for property in R K Avenue Part I

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value amounts to Rs 20,00,000. The stamp duty at 7% would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, bringing the total to Rs 1,80,000. 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 R K Avenue Part I?

The Sub Registrar Office that covers R K Avenue Part I is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Sriperumbudur C, the guideline value is a crucial factor during the registration process. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid.

Buyers and sellers should be aware that the guideline value is set by the Registration Department and is updated periodically. It is essential to consider this value when negotiating property transactions to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of R K Avenue Part I?

The current guideline value of R K Avenue Part I is Rs 2,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 2,000 per sq.ft from 2023 to 2024, while it increased from Rs 1,340 per sq.ft in 2017 to Rs 2,000 per sq.ft in 2023, marking a 49% increase overall from 2017 to 2024.

What is the land classification for R K Avenue Part I?

The land classification for R K Avenue Part I is Commercial Class I Type - III.

Where is the Sub Registrar Office located?

The Sub Registrar Office for R K Avenue Part I is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in R K Avenue Part I?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the guideline value of Rs 2,000 per sq.ft would incur a stamp duty of Rs 1,40,000.