Guideline Value for Vijay Kabilan Avenue

Vijay Kabilan Avenue guideline value

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

How the guideline value of Vijay Kabilan Avenue has changed

The guideline value of Vijay Kabilan Avenue has undergone several revisions over the years. The 2012 revision set the value at Rs 850 per sq.ft, which then decreased to Rs 569 per sq.ft in the 2017 revision. Subsequently, the value increased significantly to Rs 850 per sq.ft in 2023. The most recent revision in 2024 raised the guideline value to Rs 935 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has seen a net increase of 10%. The changes between the revisions include a 49% rise from 2017 to 2023 and a decrease of 33% from 2012 to 2017. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Malayambakkam

In Malayambakkam, there are 82 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 450 to Rs 2,750 per sq.ft. The median guideline value is Rs 935 per sq.ft, which is equal to the current value of Vijay Kabilan Avenue.

• V.K. Avenue: Rs 935 per sq.ft (2024)
• V.K. Avenue Extension: Rs 1,210 per sq.ft (2024)
• Vlc 7 Star Nagar: Rs 935 per sq.ft (2024)
• Vlc Saravana Highway City: Rs 1,400 per sq.ft (2024)
• V.P.Nagar: Rs 935 per sq.ft (2024)
• V.S. Vijay Nagar: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Vijay Kabilan 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, and the registration fee at 2% would be Rs 18,700, making the total fees together Rs 84,150. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Vijay Kabilan Avenue?

The Vijay Kabilan Avenue falls under the jurisdiction of 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 is a crucial factor in property transactions in Malayambakkam. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of a property. When registering a property, the guideline value is considered to ensure that the appropriate taxes are calculated based on the official rates.

Buyers and sellers should be aware that the guideline value can vary significantly between different streets and areas, which may affect the overall costs involved in the transaction. It is advisable to check the latest figures to have a clear understanding of the financial implications of buying or selling property in the region.

Frequently asked questions

What is the current guideline value of Vijay Kabilan Avenue?

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

How has the guideline value changed over the years?

The guideline value 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 is the land classification for Vijay Kabilan Avenue?

Vijay Kabilan Avenue is classified as Residential Class I Type - I.

Where can I find the registration office for Vijay Kabilan Avenue?

The registration office for Vijay Kabilan Avenue is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total fee of Rs 84,150.