Guideline Value for ABC LANDS-SUGAM AVENUE

Abc Lands-Sugam Avenue guideline value

The current guideline value of Abc Lands-Sugam Avenue is Rs 350 per sq.ft, effective from 1 July 2024. This property is located in the village of Uthukkadu - A under the Walajabad SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Abc Lands-Sugam Avenue has changed

The guideline value for Abc Lands-Sugam Avenue has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 350 per sq.ft, which is unchanged from the 2023 revision. In the 2017 revision, the guideline value was Rs 234 per sq.ft, marking a 50% increase from that year to 2023.

There are no recorded figures for the years 2012, 2007, 2003, and 2002 for this street in the register. Thus, the only revisions that show a figure are from 2017, 2023, and 2024.

Guideline values in Uthukkadu - A

In Uthukkadu - A, there are 38 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 800 per sq.ft, with a median value of Rs 350 per sq.ft. The guideline value of Abc Lands-Sugam Avenue is equal to this median.

• Ashtalakshmi Nagar: Rs 200 per sq.ft (2024)
• Devi Sri Ellai Amman Nagar: Rs 300 per sq.ft (2024)
• Devi Sri Ellamman Nagar: Rs 300 per sq.ft (2024)
• Doctor S Detroit City: Rs 775 per sq.ft (2024)
• Eshwaran Nagar Phase-Ii: Rs 350 per sq.ft (2024)
• Eswaran Nagar Phase-11: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Abc Lands-Sugam Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, bringing the total fees to Rs 31,500. 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 the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Abc Lands-Sugam Avenue?

The Sub Registrar Office that covers Abc Lands-Sugam Avenue is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

You can find your SRO for more details.

How the guideline value is used when you buy or sell in Uthukkadu - A

The guideline value is a crucial factor during the registration of property transactions in Uthukkadu - A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, both parties must be aware of the guideline value, as it influences the overall cost of the transaction. Buyers should ensure that the sale price is in line with the guideline value to avoid issues during registration.

Frequently asked questions

What is the current guideline value of Abc Lands-Sugam Avenue?

The current guideline value of Abc Lands-Sugam Avenue is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained the same at Rs 350 per sq.ft from 2023 to 2024. It increased from Rs 234 per sq.ft in 2017 to Rs 350 per sq.ft in 2023, reflecting a 50% increase during that period.

What is the land classification for Abc Lands-Sugam Avenue?

Abc Lands-Sugam Avenue is classified as Residential Class I Type - I, which indicates its intended use for residential purposes.

Where is the Walajabad Sub Registrar Office located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Uthukkadu - A?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. The registration fee is charged at 2% of the guideline value.