Guideline Value for SRI KALAIVANI AVENUE EXTN

Sri Kalaivani Avenue Extn guideline value

The current guideline value of Sri Kalaivani Avenue Extn is Rs 500 per sq.ft. This street is located in Karunilam village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Sri Kalaivani Avenue Extn has changed

The guideline value for Sri Kalaivani Avenue Extn has remained consistent at Rs 500 per sq.ft since the 2023 revision. The 2024 revision, effective from 1 July 2024, also maintains this figure, reflecting a change of +0% from the previous year.

Prior to the 2023 revision, there are no figures available for this street in the register for the years 2017, 2012, 2007, 2003, and 2002. Thus, the only available guideline values for Sri Kalaivani Avenue Extn are from 2023 and 2024, both set at Rs 500 per sq.ft.

Guideline values in Karunilam

In Karunilam, there are 35 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 1,200 per sq.ft. The median guideline value in this area is Rs 501 per sq.ft, positioning Sri Kalaivani Avenue Extn below this median.

• Sri Kalaivani Avenue: Rs 500 per sq.ft (2024)
• Sri Ram Nagar: Rs 500 per sq.ft (2024)
• Sri Ram Nagar Extn -I: Rs 500 per sq.ft (2024)
• Sri Ram Nagar Extn -II: Rs 500 per sq.ft (2024)
• S.M.S. Nagar: Rs 500 per sq.ft (2024)
• Sri Sathiya Sai Nagar Phase- 4: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Kalaivani Avenue Extn

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 5,00,000. The stamp duty at 7% amounts to Rs 35,000, and the registration fee at 2% is Rs 10,000, totaling Rs 45,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sri Kalaivani Avenue Extn?

The Sub Registrar Office covering Sri Kalaivani Avenue Extn is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Karunilam. It determines the base value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded accurately in government records.

When buying or selling property, the guideline value helps in assessing the financial obligations involved in the transaction. It is important for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Kalaivani Avenue Extn?

The current guideline value of Sri Kalaivani Avenue Extn is Rs 500 per sq.ft, as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Kalaivani Avenue Extn has remained constant at Rs 500 per sq.ft from 2023 to 2024, with no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Sri Kalaivani Avenue Extn?

Sri Kalaivani Avenue Extn is classified as Residential Class I Type - I, which indicates its suitability for residential development.

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

The Sub Registrar Office for Sri Kalaivani Avenue Extn is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Sri Kalaivani Avenue Extn?

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 at Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000, leading to a stamp duty of Rs 35,000.