Guideline Value for SILAMBARASAN AVENUE

Silambarasan Avenue guideline value

The current guideline value of Silambarasan Avenue is Rs 955 per sq.ft, effective from 1 July 2024. This street is located in Kannampalayam village, under the Kunrathur SRO. The land classification for this area is Residential Class V Type - I.

How the guideline value of Silambarasan Avenue has changed

The guideline value for Silambarasan Avenue has seen several revisions over the years. The 2017 revision set the value at Rs 837 per sq.ft, which increased to Rs 871 per sq.ft in the 2023 revision. The most recent revision in 2024 has raised the guideline value to Rs 955 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 14%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Kannampalayam

In Kannampalayam, there are 75 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 765 to Rs 4,000 per sq.ft. The median guideline value in this area is Rs 1,375 per sq.ft, and Silambarasan Avenue's current figure is below this median.

• Shunmuga Nagar: Rs 765 per sq.ft (2024)
• Sree Kamatchi Amman Nagar: Rs 2,460 per sq.ft (2024)
• Sri Ambal Nagar: Rs 1,320 per sq.ft (2024)
• Sri Ambal Vijayalakshmi Nagar: Rs 2,460 per sq.ft (2024)
• Sri Dhanalakshmi Nagar: Rs 880 per sq.ft (2024)
• Sri Kamadhenu Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Silambarasan Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 955 per sq.ft, the total guideline value would be Rs 9,55,000. The stamp duty at 7% would amount to Rs 66,850, and the registration fee at 2% would be Rs 19,100, totaling Rs 85,950. 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 details.

Which Sub Registrar Office covers Silambarasan Avenue?

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

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kannampalayam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the transaction is in compliance with the regulations set by the Registration Department.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This ensures transparency and fairness in property transactions, protecting both buyers and sellers.

Frequently asked questions

What is the current guideline value of Silambarasan Avenue?

The current guideline value of Silambarasan Avenue is Rs 955 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 837 per sq.ft in 2017 to Rs 955 per sq.ft in 2024, marking an overall increase of 14% over this period.

What are the stamp duty and registration fees for properties in Silambarasan Avenue?

For a 1,000 sq.ft property, the total guideline value would be Rs 9,55,000, with a stamp duty of Rs 66,850 and a registration fee of Rs 19,100, totaling Rs 85,950.

Which office handles property registrations for Silambarasan Avenue?

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

What is the median guideline value in Kannampalayam?

The median guideline value in Kannampalayam is Rs 1,375 per sq.ft, and Silambarasan Avenue's current value is below this median.