Guideline Value for PRISTINE AVENUE

Pristine Avenue guideline value

The current guideline value of Pristine Avenue is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Athur A Block village under the Chengleput Joint II SRO, with a land classification of Mixed Type - I.

How the guideline value of Pristine Avenue has changed

Over the years, the guideline value of Pristine Avenue has seen several revisions. The 2007 revision set the value at Rs 150 per sq.ft, which increased significantly to Rs 600 per sq.ft in the 2012 revision. However, the value dropped to Rs 402 per sq.ft in the 2017 revision before returning to Rs 600 per sq.ft in both the 2023 and 2024 revisions, showing no change between these two years.

From 2017 to 2023, there was a notable increase of 49%. The 2012 to 2017 period saw a decrease of 33%, while the jump from 2007 to 2012 was substantial at 300%. Overall, the guideline value has increased by 300% from 2007 to 2024. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Athur A Block

Athur A Block consists of 44 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 300 to Rs 1,525 per sq.ft. The median guideline value is Rs 600 per sq.ft, which aligns with the current value of Pristine Avenue.

• Railway Nagar: Rs 300 per sq.ft (2024)
• Rukmani Gardens: Rs 600 per sq.ft (2024)
• Sai Thirumalai Nagar: Rs 500 per sq.ft (2024)
• Sakthi Avenue: Rs 600 per sq.ft (2024)
• Sakthi Mangala Nagar: Rs 600 per sq.ft (2024)
• Saraswathy Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Pristine 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, making the total cost for these fees 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pristine Avenue?

The Sub Registrar Office that covers Pristine Avenue is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Athur A Block

The guideline value plays a crucial role during property transactions in Athur A Block. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations when finalizing a sale.

When registering a property, the guideline value is used to calculate stamp duty and registration fees. This ensures that both parties are aware of the financial implications of the transaction, as these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Pristine Avenue?

The current guideline value of Pristine 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 various changes, with a significant increase from Rs 150 per sq.ft in 2007 to Rs 600 per sq.ft in 2012, followed by a decrease to Rs 402 per sq.ft in 2017, and returning to Rs 600 per sq.ft in 2023 and 2024.

What other streets have guideline values in Athur A Block?

Other streets in Athur A Block include Railway Nagar, Rukmani Gardens, Sai Thirumalai Nagar, Sakthi Avenue, Sakthi Mangala Nagar, and Saraswathy Nagar, with values ranging from Rs 300 to Rs 600 per sq.ft.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information about your SRO through the provided link.

How is stamp duty calculated for properties in Pristine Avenue?

Stamp duty is 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 results in a total of Rs 54,000 in fees, including stamp duty and registration fees.