Guideline Value

Corporate

Guideline Value for V.K. AVENUE

₹935/sq.ft.

The guideline value for V.k. Avenue in Malayambakkam village (Kunrathur SRO, Chennai zone) is Rs 935 per sq.ft, effective 1 July 2024. It was Rs 850 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Malayambakkam

Village

Kunrathur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹935 /sq.ft.
From 1-4-2023 ₹850 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹569 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹850 /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)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on V.k. Avenue

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V.K. Avenue guideline value

The current guideline value of V.K. Avenue is Rs 935 per sq.ft, effective from 1 July 2024. This street is located in Malayambakkam village under the Kunrathur SRO, classified as Residential Class I Type - I.

How the guideline value of V.K. Avenue has changed

The guideline value for V.K. Avenue has seen several revisions over the years. The earliest revision available is from 2012, where the value was Rs 850 per sq.ft. This was followed by a decrease to Rs 569 per sq.ft in 2017. The value then increased to Rs 850 per sq.ft in the 2023 revision, and finally to Rs 935 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Between the revisions, the guideline value changed as follows: from 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Malayambakkam

In Malayambakkam, there are 82 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 450 to Rs 2,750 per sq.ft. The median value is Rs 935 per sq.ft, which is equal to the current guideline value of V.K. Avenue. Below are other streets in Malayambakkam:

Stamp duty and registration fee for property in V.K. Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 935 per sq.ft, the total guideline value amounts to Rs 9,35,000. The stamp duty at 7% would be Rs 65,450, while the registration fee at 2% would be Rs 18,700. Together, the total cost would be Rs 84,150. It is important to note that duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers V.K. Avenue?

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

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

The guideline value plays a crucial role in the registration process of property transactions in Malayambakkam. It serves as the benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than the negotiated sale price.

When buying or selling property, it is essential to be aware of the guideline value as it affects the overall cost of the transaction. Buyers should ensure that they are prepared for these additional costs, which are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of V.K. Avenue?

The current guideline value of V.K. Avenue is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for V.K. Avenue has changed from Rs 850 per sq.ft in 2012 to Rs 569 per sq.ft in 2017, then increased to Rs 850 per sq.ft in 2023, and finally to Rs 935 per sq.ft in 2024.

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

Other streets in Malayambakkam include V.K. Avenue Extension at Rs 1,210 per sq.ft, Vlc 7 Star Nagar at Rs 935 per sq.ft, and Vlc Saravana Highway City at Rs 1,400 per sq.ft, among others.

What is the stamp duty for property in V.K. Avenue?

The stamp duty for property in V.K. Avenue is calculated at 7% of the guideline value. For a 1,000 sq.ft plot, the stamp duty would be Rs 65,450.

Where can I find the Sub Registrar Office for V.K. Avenue?

The Sub Registrar Office for V.K. Avenue is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more details about your SRO using the provided link.