Guideline Value for SHANTHI AVENUE - IV

Shanthi Avenue - IV guideline value

The current guideline value of Shanthi Avenue - IV is Rs 660 per sq.ft. This street is located in Karunakaracheri village, under the Avadi Sub Registrar Office (SRO). The land classification for this area is Residential Special Type - I.

How the guideline value of Shanthi Avenue - IV has changed

The guideline value register shows no figures for Shanthi Avenue - IV for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 600 per sq.ft. The most recent revision in 2024 increased this to Rs 660 per sq.ft, marking a change of +10% from the previous year.

Thus, from 2023 to 2024, the guideline value for Shanthi Avenue - IV rose from Rs 600 to Rs 660 per sq.ft. This increase reflects the latest adjustments made by the Registration Department.

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 guideline value in this area is Rs 880 per sq.ft, indicating that the value for Shanthi Avenue - IV is below this median.

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

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 at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, making the total fees together Rs 59,400. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Shanthi Avenue - IV?

The Sub Registrar Office that covers Shanthi Avenue - IV is the Avadi Sub Registrar Office. The address is 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 critical factor in the registration process when buying or selling property in Karunakaracheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value for Shanthi Avenue - IV has changed from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024, representing a 10% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Shanthi Avenue - IV?

The land classification for Shanthi Avenue - IV is Residential Special Type - I, indicating its designated use within the area.

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

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

How is stamp duty calculated for properties in Karunakaracheri?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 at 7%.