Guideline Value for SHANTHI AVENUE - II

Shanthi Avenue - II guideline value

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

How the guideline value of Shanthi Avenue - II has changed

According to the guideline value register, there are no figures for Shanthi Avenue - II in the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 600 per sq.ft, which increased by 10% to Rs 660 per sq.ft in the 2024 revision.

The 2023 revision marked the first recorded value for this street, with a notable increase in the following year. The current value of Rs 660 per sq.ft is reflective of the latest adjustments made in the 2024 revision.

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 for these streets is Rs 880 per sq.ft, placing Shanthi Avenue - II below this median.

• Shanthi Avenue - I: Rs 660 per sq.ft (2024)
• Shanthi Avenue - III: Rs 660 per sq.ft (2024)
• Shanthi Avenue - IV: 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 - II

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty, charged at 7%, would amount to Rs 46,200, and the registration fee, charged at 2%, would be Rs 13,200, resulting in a total fee of Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Shanthi Avenue - II?

The Sub Registrar Office that covers Shanthi Avenue - II 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Karunakaracheri. It determines the minimum value at which the property can be registered, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value for Shanthi Avenue - II was Rs 600 per sq.ft in 2023, which increased to Rs 660 per sq.ft in 2024. There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Shanthi Avenue - II?

Shanthi Avenue - II is classified as Residential Special Type - I, which indicates its suitability for residential development.

What are the other streets in Karunakaracheri with similar guideline values?

Other streets in Karunakaracheri also have a guideline value of Rs 660 per sq.ft in 2024, including Shanthi Avenue - I, Shanthi Avenue - III, Shanthi Avenue - IV, and Shanthi Avenue - V.

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

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