Guideline Value for SRI THIRUMALAIVASAN AVENUE

Sri Thirumalaivasan Avenue guideline value

The current guideline value of Sri Thirumalaivasan Avenue is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Kalakkatoor village, under the Kanchipuram Joint II SRO, and is classified as Residential Special Type - II.

How the guideline value of Sri Thirumalaivasan Avenue has changed

There have been several revisions of the guideline value for Sri Thirumalaivasan Avenue. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 300 per sq.ft, which remained unchanged in the 2024 revision, showing a change of +0% from the previous year.

Both the 2023 and 2024 revisions have the same guideline value of Rs 300 per sq.ft. This consistency indicates stability in the guideline value for this street over the last two years.

Guideline values in Kalakkatoor

In addition to Sri Thirumalaivasan Avenue, there are other streets in Kalakkatoor under the Kanchipuram Joint II SRO. The guideline values for these streets vary, and Sri Thirumalaivasan Avenue's value is currently the lowest among them.

• Varthaman Grand City Phase -II: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Thirumalaivasan Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees together to Rs 27,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Thirumalaivasan Avenue?

The Sub Registrar Office that covers Sri Thirumalaivasan Avenue is the Kanchipuram Joint II Sub Registrar Office. The address is Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kalakkatoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the stamp duty is calculated based on the higher of the guideline value or the sale price. This ensures that the fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Sri Thirumalaivasan Avenue?

The current guideline value of Sri Thirumalaivasan Avenue is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Thirumalaivasan Avenue has remained at Rs 300 per sq.ft for both the 2023 and 2024 revisions, with no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the classification of the land on Sri Thirumalaivasan Avenue?

Sri Thirumalaivasan Avenue is classified as Residential Special Type - II according to the guideline value register.

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

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 at 7%, and the registration fee would be Rs 6,000 at 2%, totaling Rs 27,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Sri Thirumalaivasan Avenue?

The Kanchipuram Joint II Sub Registrar Office covers Sri Thirumalaivasan Avenue, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.