Guideline Value for SHANTHI AVENUE - V

Shanthi Avenue - V guideline value

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

How the guideline value of Shanthi Avenue - V has changed

The guideline value for Shanthi Avenue - V has undergone several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent figures available show that in 2023, the guideline value was Rs 600 per sq.ft, which increased to Rs 660 per sq.ft in the 2024 revision, marking a change of +10%.

In summary, the 2024 revision reflects a notable increase from the previous year’s value. The guideline value for Shanthi Avenue - V is now set at Rs 660 per sq.ft, aligning with the current figures for several other streets in the area.

Guideline values in Karunakaracheri

In Karunakaracheri, there are 10 streets that carry a 2024 guideline value ranging from Rs 660 to Rs 2,000 per sq.ft, with a median value of Rs 880 per sq.ft. Shanthi Avenue - V's current guideline value is below this median.

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

For a 1,000 sq.ft plot at the current rate of Rs 660 per sq.ft, the 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, bringing the total to 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 more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Shanthi Avenue - V?

The Sub Registrar Office that covers Shanthi Avenue - V 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 is a crucial factor when buying or selling property in Karunakaracheri. It is used to determine the stamp duty and registration fees that must be paid during the transaction process. Buyers should be aware that the guideline value can influence the overall cost of property transactions.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value as per the local regulations. This helps maintain transparency and standardization in property dealings within the region.

Frequently asked questions

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

The current guideline value of Shanthi Avenue - V 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 - V has changed from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024, reflecting a 10% increase.

What is the land classification for Shanthi Avenue - V?

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

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

The Sub Registrar Office covering Shanthi Avenue - V 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 - V?

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 with a guideline value of Rs 6,60,000, the stamp duty at 7% would be Rs 46,200.