Guideline Value for SUNDARI AVENUE EXTENSION

Sundari Avenue Extension guideline value

The current guideline value of Sundari Avenue Extension is Rs 3,300 per sq.ft, effective from 1 July 2024. This property is located in KANCHIPURAM TOWN 3rd DIVISION under the Kanchipuram Joint II SRO, classified as Residential Special Type - III.

How the guideline value of Sundari Avenue Extension has changed

The guideline value for Sundari Avenue Extension has seen several revisions over the years. In 2012, the value was Rs 3,000 per sq.ft, which then decreased to Rs 2,010 per sq.ft in 2017. Following this, the value increased significantly to Rs 3,000 per sq.ft in 2023, and further rose to Rs 3,300 per sq.ft in 2024. The register has no figure for this street for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decline of 33%, but this was followed by a substantial increase of 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in KANCHIPURAM TOWN 3rd DIVISION

In KANCHIPURAM TOWN 3rd DIVISION, there are 48 streets under the Kanchipuram Joint II SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft. The median value is Rs 1,320 per sq.ft, making Sundari Avenue Extension's 2024 figure of Rs 3,300 per sq.ft notably above this median.

• Thanappan Nayakkan Street: Rs 1,100 per sq.ft (2024)
• Thayar Kulam Street: Rs 880 per sq.ft (2024)
• Therkku Pattarai: Rs 3,300 per sq.ft (2024)
• Thirumal Raja Street: Rs 880 per sq.ft (2024)
• Thirumettraleswarar Koil Street: Rs 1,100 per sq.ft (2024)
• Thiruvegampan Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Sundari Avenue Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees to Rs 2,97,000. 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sundari Avenue Extension?

The Sub Registrar Office that covers Sundari Avenue Extension is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in KANCHIPURAM TOWN 3rd DIVISION

The guideline value is a critical factor when registering property transactions in KANCHIPURAM TOWN 3rd DIVISION. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of properties.

When a buyer or seller engages in a transaction, the guideline value is used to calculate the necessary fees, ensuring that both parties are aware of the financial obligations involved in the registration process.

Frequently asked questions

What is the current guideline value of Sundari Avenue Extension?

The current guideline value of Sundari Avenue Extension is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What are the other streets in KANCHIPURAM TOWN 3rd DIVISION?

Other streets in KANCHIPURAM TOWN 3rd DIVISION include Thanappan Nayakkan Street, Thayar Kulam Street, Therkku Pattarai, Thirumal Raja Street, Thirumettraleswarar Koil Street, and Thiruvegampan Street, each with their respective guideline values for 2024.

How is stamp duty calculated for properties in Sundari Avenue Extension?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at a rate of 7%.

Where can I find the Sub Registrar Office for Sundari Avenue Extension?

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