Guideline Value for SK AVENUE

Sk Avenue guideline value

The current guideline value of Sk Avenue in Kalvai village is Rs 701 per sq.ft, effective from 1 July 2024. This street falls under the Thiruporur Sub Registrar Office (SRO) and is classified as Commercial Class I Type - I.

How the guideline value of Sk Avenue has changed

The guideline value for Sk Avenue has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 701 per sq.ft, which is a slight increase from Rs 700 per sq.ft in 2023. Prior to that, the value was Rs 469 per sq.ft in 2017 and Rs 700 per sq.ft in 2012. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%, but from 2017 to 2023, it increased significantly by 49%. Overall, comparing the figures from 2012 to 2024, the guideline value has remained unchanged at Rs 701 per sq.ft.

Guideline values in Kalvai

In Kalvai, there are 31 streets under the Thiruporur SRO with a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, placing Sk Avenue's 2024 figure below this median.

• Skandhaguru Avenue: Rs 3,000 per sq.ft (2024)
• S.K Avenue Phase II: Rs 701 per sq.ft (2024)
• Sks-Sekar Square: Rs 1,000 per sq.ft (2024)
• Sri Baba Nagar: Rs 600 per sq.ft (2024)
• Sri Durgha Avenue: Rs 600 per sq.ft (2024)
• Sri Ganesh Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Sk Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 701 per sq.ft, the total guideline value amounts to Rs 7,01,000. The stamp duty at 7% would be Rs 49,070, and the registration fee at 2% would be Rs 14,020, bringing the total fees to Rs 63,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sk Avenue?

The Sk Avenue is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kalvai. It serves as a benchmark for determining the stamp duty and registration fees payable when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable stamp duty. This ensures that the fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Sk Avenue?

The current guideline value of Sk Avenue is Rs 701 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sk Avenue has changed from Rs 700 per sq.ft in 2023 to Rs 701 per sq.ft in 2024. It was Rs 469 per sq.ft in 2017 and Rs 700 per sq.ft in 2012.

What is the land classification for Sk Avenue?

Sk Avenue is classified as Commercial Class I Type - I. This classification can affect the types of developments allowed in the area.

Where can I find the Thiruporur Sub Registrar Office?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How is stamp duty calculated for properties in Sk Avenue?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 7,01,000, the stamp duty at 7% would be Rs 49,070.