Guideline Value for SRI KUTTI VINAYAGA AVENUE

Sri Kutti Vinayaga Avenue guideline value

The current guideline value of Sri Kutti Vinayaga Avenue is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village under the Kunrathur SRO, classified as Residential Special Type - III.

How the guideline value of Sri Kutti Vinayaga Avenue has changed

The guideline value for Sri Kutti Vinayaga Avenue has undergone several revisions over the years. The 2017 revision set the value at Rs 1,500 per sq.ft, which decreased to Rs 1,200 per sq.ft in the 2023 revision. The current value of Rs 1,320 per sq.ft reflects a 10% increase from the previous year. Overall, from the 2017 revision to the 2024 revision, the guideline value has decreased by 12%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The revisions show a significant drop from Rs 1,500 in 2017 to Rs 1,200 in 2023, followed by a slight increase in 2024.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, placing Sri Kutti Vinayaga Avenue's 2024 figure below this median.

• Sri Kutty Vinayagar Nagar: Rs 1,210 per sq.ft (2024)
• Sri Kumaran Nagar: Rs 1,760 per sq.ft (2024)
• Sri Kubera Ganapathi Nagar: Rs 1,760 per sq.ft (2024)
• Sri Mahaveer Avenue: Rs 1,760 per sq.ft (2024)
• Sri Manakula Vinayagar Nagar: Rs 1,430 per sq.ft (2024)
• Sri Mehta Nagar: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Kutti Vinayaga Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Kutti Vinayaga Avenue?

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

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value plays a crucial role in the registration process when buying or selling property in Kunrathour-B. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

Frequently asked questions

What is the current guideline value of Sri Kutti Vinayaga Avenue?

The current guideline value of Sri Kutti Vinayaga Avenue is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023, and it has increased to Rs 1,320 per sq.ft in 2024. Overall, from 2017 to 2024, the value has decreased by 12%.

What is the land classification for Sri Kutti Vinayaga Avenue?

Sri Kutti Vinayaga Avenue is classified as Residential Special Type - III under the Kunrathur SRO.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400, and the registration fee would be Rs 26,400, totaling Rs 1,18,800. The duty is charged on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Sri Kutti Vinayaga Avenue located?

The Sub Registrar Office for Sri Kutti Vinayaga Avenue is located at No.59, Road Street, Kundrathur, Chennai -600 069.