Guideline Value for SHUBHAM AVENUE PHASE-I

Shubham Avenue Phase-I guideline value

The current guideline value of Shubham Avenue Phase-I is Rs 2,420 per sq.ft. It is located in Kunrathour-B village under the Kunrathur SRO, classified as Mixed Special Type - I.

How the guideline value of Shubham Avenue Phase-I has changed

In the 2017 revision, the guideline value was Rs 1,474 per sq.ft. This increased to Rs 2,200 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent 2024 revision set the guideline value at Rs 2,420 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. The register does not contain figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value in this area is Rs 1,540 per sq.ft, placing Shubham Avenue Phase-I above that median.

• Shiva Vishnu Avenue & Nagar: Rs 2,090 per sq.ft (2024)
• Shanti Nagar: Rs 2,700 per sq.ft (2024)
• Sivalingam Nagar: Rs 2,420 per sq.ft (2024)
• Sivam Nagar: Rs 3,910 per sq.ft (2024)
• Shanmugam Nagar: Rs 1,760 per sq.ft (2024)
• Seven Hills Nagar: Rs 1,430 per sq.ft (2024)

Stamp duty and registration fee for property in Shubham Avenue Phase-I

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value amounts to Rs 24,20,000. The stamp duty at 7% would be Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, bringing the total to Rs 2,17,800. Please note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Shubham Avenue Phase-I?

The Sub Registrar Office that covers Shubham Avenue Phase-I is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a crucial factor when registering property transactions in Kunrathour-B. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value serves as a benchmark for the transaction price. If the sale price is higher than the guideline value, the duty is charged on the sale price instead.

Frequently asked questions

What is the current guideline value of Shubham Avenue Phase-I?

The current guideline value of Shubham Avenue Phase-I is Rs 2,420 per sq.ft as per the 2024 revision.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 64%, from Rs 1,474 per sq.ft to Rs 2,420 per sq.ft in 2024.

What is the median guideline value in Kunrathour-B?

The median guideline value in Kunrathour-B is Rs 1,540 per sq.ft, which is below the current value of Shubham Avenue Phase-I.

What are the stamp duty and registration fees for Shubham Avenue Phase-I?

The stamp duty for a 1,000 sq.ft plot at the current guideline value would be Rs 1,69,400, and the registration fee would be Rs 48,400, totaling Rs 2,17,800.

Which office handles registrations for Shubham Avenue Phase-I?

The Kunrathur Sub Registrar Office handles registrations for Shubham Avenue Phase-I, located at No.59, Road Street, Kundrathur, Chennai -600 069.