Guideline Value for Sundarambal Avenue

Sundarambal Avenue guideline value

The current guideline value of Sundarambal Avenue in Kavanur village is Rs 600 per sq.ft, effective from 1 July 2024. This area falls under the Gooduvancheri SRO and is classified as Residential Class I Type - I.

How the guideline value of Sundarambal Avenue has changed

The guideline value for Sundarambal Avenue has seen several revisions over the years. In 2007, the guideline value was Rs 333 per sq.ft, which increased to Rs 600 per sq.ft in 2012. However, in 2017, it dropped to Rs 402 per sq.ft before rising again to Rs 600 per sq.ft in 2023. The latest revision in 2024 maintains this value at Rs 600 per sq.ft, showing no change from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 80%. The changes between the revisions include a 49% increase from 2017 to 2023, a decrease of 33% from 2012 to 2017, and an 80% increase from 2007 to 2012. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kavanur

Kavanur village has a total of 109 streets under the Gooduvancheri SRO that carry a 2024 guideline value, ranging from Rs 500 to Rs 2,239 per sq.ft. The median guideline value for these streets is Rs 800 per sq.ft, placing Sundarambal Avenue's 2024 figure below this median.

• Sukra Nagar: Rs 800 per sq.ft (2024)
• Subramanyapuram: Rs 600 per sq.ft (2024)
• Sri Vigneshwarar Nagar: Rs 600 per sq.ft (2024)
• Sri Varalakshmi Nagar Extension: Rs 1,000 per sq.ft (2024)
• Sri Varalakshmi Nagar: Rs 600 per sq.ft (2024)
• Sri Sai Santhi Nagar Phase -II: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sundarambal Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, leading to a total of Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sundarambal Avenue?

The Sundarambal Avenue falls under the Gooduvancheri Sub Registrar Office located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kavanur. It serves as the basis for calculating stamp duty and registration fees, which are mandatory for property transfers.

When a buyer or seller enters into a transaction, the guideline value helps ensure that the property is registered at a value that reflects the local market standards. This value is used to determine the applicable taxes and fees, ensuring compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Sundarambal Avenue?

The current guideline value of Sundarambal Avenue is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen fluctuations, with the most recent revision in 2024 maintaining it at Rs 600 per sq.ft, unchanged from 2023. The value was Rs 402 per sq.ft in 2017, showing significant changes over the years.

What is the median guideline value in Kavanur?

The median guideline value for streets in Kavanur is Rs 800 per sq.ft, with Sundarambal Avenue's current value being below this median.

What are the stamp duty and registration fees for property in Sundarambal Avenue?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 54,000. This includes a stamp duty of Rs 42,000 and a registration fee of Rs 12,000.

Which office handles registrations for Sundarambal Avenue?

The Gooduvancheri Sub Registrar Office is responsible for registrations in Sundarambal Avenue, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202.