Guideline Value for SPR KAMAKSHI AVENUE

Spr Kamakshi Avenue guideline value

The current guideline value of Spr Kamakshi Avenue is Rs 3,960 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village, under the Padappai SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Spr Kamakshi Avenue has changed

In the 2023 revision, the guideline value for Spr Kamakshi Avenue was Rs 3,600 per sq.ft. The increase from 2023 to 2024 is 10%, bringing the current value to Rs 3,960 per sq.ft. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017.

Looking back, the guideline values for these previous revisions are not available in the register for Spr Kamakshi Avenue. The most recent changes reflect a significant increase from the previous year, indicating a rise in the guideline value.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft, with a median of Rs 2,310 per sq.ft. The guideline value for Spr Kamakshi Avenue is above this median, indicating its higher classification.

• S.P.S. Nagar: Rs 1,980 per sq.ft (2024)
• Sorkkam Nagar: Rs 2,640 per sq.ft (2024)
• Sri Balaji Nagar: Rs 2,640 per sq.ft (2024)
• Sri Balaji Nagar Extension: Rs 2,640 per sq.ft (2024)
• SRI CHAKKARA AVENUE 4th STREET: Rs 2,970 per sq.ft (2024)
• Siva Shanmugam Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Spr Kamakshi Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 3,960 per sq.ft, the total guideline value would be Rs 39,60,000. The stamp duty at 7% would amount to Rs 2,77,200, while the registration fee at 2% would be Rs 79,200, bringing the total cost for these fees to Rs 3,56,400. It is important to note that 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 precise calculations based on your property transaction.

Which Sub Registrar Office covers Spr Kamakshi Avenue?

The Sub Registrar Office covering Spr Kamakshi Avenue is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering a property in Perungalathur, as it determines the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with registration requirements.

When a property is sold, the guideline value serves as a benchmark for calculating the applicable fees, ensuring that both parties are aware of the financial implications of the transaction. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Spr Kamakshi Avenue?

The current guideline value of Spr Kamakshi Avenue is Rs 3,960 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 3,600 per sq.ft in 2023 to Rs 3,960 per sq.ft in 2024, reflecting a 10% increase.

What is the land classification for Spr Kamakshi Avenue?

Spr Kamakshi Avenue is classified as Commercial Class I Type - I.

Where can I find the Sub Registrar Office for this area?

The Padappai Sub Registrar Office covers Spr Kamakshi Avenue, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 39,60,000, the stamp duty would be Rs 2,77,200 at 7%.