Guideline Value

Corporate

Guideline Value for SRI KALAIVANI AVENUE

₹500/sq.ft.

The guideline value for Sri Kalaivani Avenue in Karunilam village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 500 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Karunilam

Village

Chengleput Joint II

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹500 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sri Kalaivani Avenue

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Sri Kalaivani Avenue guideline value

The current guideline value of Sri Kalaivani Avenue in Karunilam village is Rs 500 per sq.ft, effective from 1 July 2024. This street falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of Sri Kalaivani Avenue has changed

Looking at the revisions, the guideline value for Sri Kalaivani Avenue was Rs 500 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these years. Prior to this, in the 2017 revision, the value was Rs 335 per sq.ft, which reflects a 49% increase to the 2023 figure. The 2012 revision also recorded a value of Rs 500 per sq.ft, showing a decrease of 33% from the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, the guideline value remains unchanged at Rs 500 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Karunilam

In Karunilam, there are 35 streets under the Chengleput Joint II SRO carrying a 2024 guideline value, ranging from Rs 400 to Rs 1,200 per sq.ft. The median value for these streets is Rs 501 per sq.ft, placing Sri Kalaivani Avenue's 2024 figure below this median.

Stamp duty and registration fee for property in Sri Kalaivani Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be 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 details.

Which Sub Registrar Office covers Sri Kalaivani Avenue?

The Sub Registrar Office that covers Sri Kalaivani Avenue is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value is an important factor in the registration of property transactions in Karunilam. It serves as the basis for calculating stamp duty and registration fees, ensuring that these charges are applied consistently across transactions.

When buying or selling property, the guideline value helps determine the minimum value at which the property can be registered. This means that if the sale price is lower than the guideline value, the higher guideline value will be used for calculating the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Sri Kalaivani Avenue?

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

How has the guideline value changed over the years?

The guideline value has remained Rs 500 per sq.ft in both the 2023 and 2024 revisions. It was Rs 335 per sq.ft in 2017 and Rs 500 per sq.ft in 2012, marking a 49% increase from 2017 to 2023.

What are the other streets in Karunilam with their guideline values?

Other streets in Karunilam include Sri Kalaivani Avenue Extn, Sri Ram Nagar, Sri Ram Nagar Extn -I, Sri Ram Nagar Extn -II, S.M.S. Nagar, and Sri Sathiya Sai Nagar Phase- 4, with values ranging from Rs 500 to Rs 600 per sq.ft in 2024.

What is the stamp duty for property in Sri Kalaivani Avenue?

The stamp duty for a property in Sri Kalaivani Avenue is calculated at 7% of the guideline value. For a plot valued at Rs 5,00,000, the stamp duty would be Rs 35,000.

Which office handles property registrations for Sri Kalaivani Avenue?

The Chengleput Joint II Sub Registrar Office handles property registrations for Sri Kalaivani Avenue, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.