Guideline Value for Rose Avenue

Rose Avenue guideline value

The current guideline value of Rose Avenue in S. Kullathur village, under the Pallavaram SRO, is Rs 2,530 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of Rose Avenue has changed

The guideline value for Rose Avenue has seen significant changes over the years. In 2003, the value was Rs 79 per sq.ft, which increased dramatically to Rs 845 per sq.ft in 2007, marking a rise of 970%. The value then rose to Rs 2,300 per sq.ft in 2012, a 172% increase from the previous revision. However, it dropped to Rs 1,541 per sq.ft in 2017, a decrease of 33%. The value continued to rise, reaching Rs 2,000 per sq.ft in 2023, reflecting a 30% increase. The most recent revision in 2024 has set the value at Rs 2,530 per sq.ft, which is a 27% increase from 2023.

There is no guideline value recorded for Rose Avenue in the 2002 revision. Overall, from 2003 to 2024, the guideline value has increased by an impressive 3103%.

Guideline values in S. Kullathur

In S. Kullathur, there are 71 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 4,400 per sq.ft, with a median value of Rs 2,750 per sq.ft. The guideline value for Rose Avenue is below this median.

• Sadasivam Avenue: Rs 2,530 per sq.ft (2024)
• Sadasivam Avenue 1 To 6 Streets: Rs 2,530 per sq.ft (2024)
• Sadasivam Avenue Extn.: Rs 2,530 per sq.ft (2024)
• RATHRAPURI 1st STREET: Rs 2,750 per sq.ft (2024)
• Sai Nagar: Rs 2,530 per sq.ft (2024)
• RAM Nagar: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Rose Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would amount to Rs 1,77,100, while the registration fee at 2% would be Rs 50,600. Therefore, the total cost for stamp duty and registration fees would be Rs 2,27,700. Please note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rose Avenue?

The Sub Registrar Office covering Rose Avenue is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in S. Kullathur

The guideline value plays a crucial role in property transactions in S. Kullathur. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

When registering a property, the guideline value or the sale price, whichever is higher, is taken into account for calculating the applicable duties. This ensures that the transaction is documented accurately and that the appropriate fees are collected by the government.

Frequently asked questions

What is the current guideline value of Rose Avenue?

The current guideline value of Rose Avenue is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 79 per sq.ft in 2003 to Rs 2,530 per sq.ft in 2024, marking an overall increase of 3103%.

What is the classification of land in Rose Avenue?

Rose Avenue is classified as Residential Class I Type - II, indicating its suitability for residential purposes.

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

The Sub Registrar Office for Rose Avenue is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 25,30,000, the stamp duty would be Rs 1,77,100 at a rate of 7%.