Guideline Value for SHANTHI AVENUE - III

Shanthi Avenue - III guideline value

The current guideline value of Shanthi Avenue - III is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Karunakaracheri village under the Avadi SRO, and the land classification is Residential Special Type - I.

How the guideline value of Shanthi Avenue - III has changed

In the 2023 revision, the guideline value was Rs 600 per sq.ft. The increase from 2023 to 2024 is 10%, bringing the current value to Rs 660 per sq.ft. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

The guideline value has seen a change from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024. The increase reflects the 10% rise in the guideline value during this period.

Guideline values in Karunakaracheri

In Karunakaracheri, there are 10 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 2,000 per sq.ft. The median value among these streets is Rs 880 per sq.ft, making the guideline value of Shanthi Avenue - III below the median.

• Shanthi Avenue - II: Rs 660 per sq.ft (2024)
• Shanthi Avenue - IV: Rs 660 per sq.ft (2024)
• Shanthi Avenue - I: Rs 660 per sq.ft (2024)
• Shanthi Avenue - V: Rs 660 per sq.ft (2024)
• The Grandiose Town Homes: Rs 1,100 per sq.ft (2024)
• Evp Rajeswari Town: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Shanthi Avenue - III

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, making the total fees Rs 59,400. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Shanthi Avenue - III?

The Sub Registrar Office that covers Shanthi Avenue - III is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Karunakaracheri. It is the minimum value set by the government for properties in the area, which helps in determining the stamp duty and registration fees applicable during the sale or purchase of property.

When you buy or sell a property, the guideline value ensures that the transaction is recorded at a fair value. This helps in maintaining transparency in property dealings and ensures that the government receives appropriate revenue from stamp duties and registration fees.

Frequently asked questions

What is the current guideline value of Shanthi Avenue - III?

The current guideline value of Shanthi Avenue - III is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed recently?

The guideline value increased from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024, representing a 10% rise.

What is the land classification for Shanthi Avenue - III?

The land classification for Shanthi Avenue - III is Residential Special Type - I.

Where can I find the Sub Registrar Office for Shanthi Avenue - III?

The Sub Registrar Office for Shanthi Avenue - III is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Shanthi Avenue - III?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 59,400.