Guideline Value for S.B.K AVENUE

S.B.K Avenue guideline value

The current guideline value of S.B.K Avenue in Alavoor village is Rs 600 per sq.ft, effective from 1 July 2024. This street falls under the jurisdiction of the Walajabad Sub Registrar Office and is classified as Residential Special Type - II.

How the guideline value of S.B.K Avenue has changed

Over the years, the guideline value of S.B.K Avenue has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged in the 2023 revision. The 2024 revision also maintains the value at Rs 600 per sq.ft, indicating no change from the previous year. However, looking back to the 2017 revision, the value was Rs 402 per sq.ft, marking a significant increase of 49% by 2023. The 2012 to 2017 period saw a decrease of 33% from the earlier Rs 600 per sq.ft.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for S.B.K Avenue. Overall, from 2012 to 2024, the guideline value has remained stable, showing a total increase of 0%.

Guideline values in Alavoor

In Alavoor village, there are seven streets under the Walajabad SRO that have a guideline value for 2024, ranging from Rs 300 to Rs 600 per sq.ft. The median value among these streets is Rs 300 per sq.ft, placing S.B.K Avenue's 2024 figure above this median.

• Sumathi Ammal Nagar: Rs 300 per sq.ft (2024)
• Sumathi Ammal Nagar Ex-1: Rs 300 per sq.ft (2024)
• Lss Sai Nagar: Rs 400 per sq.ft (2024)
• Ishwaryam Garden Sumathi Ammal Nagar Ext-2: Rs 300 per sq.ft (2024)
• Dr.A.P.J.Abdul Kalam Nagar-Phase-I: Rs 600 per sq.ft (2024)
• Classic Avenue: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in S.B.K 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, bringing the total fees to Rs 54,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers S.B.K Avenue?

The Sub Registrar Office covering S.B.K Avenue is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Alavoor. It is used to determine the applicable stamp duty and registration fees, ensuring that the fees reflect the official value of the property.

When buying or selling property, the guideline value helps in establishing a baseline for negotiations and ensures compliance with legal requirements. It is advisable for buyers and sellers to be aware of the current guideline values to make informed decisions during transactions.

Frequently asked questions

What is the current guideline value of S.B.K Avenue?

The current guideline value of S.B.K 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 remained at Rs 600 per sq.ft since 2012, with a notable increase from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023 and 2024, reflecting a 49% increase over that period.

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

Other streets in Alavoor include Sumathi Ammal Nagar and Sumathi Ammal Nagar Ex-1 at Rs 300 per sq.ft, Lss Sai Nagar at Rs 400 per sq.ft, Ishwaryam Garden Sumathi Ammal Nagar Ext-2 and Classic Avenue at Rs 300 per sq.ft, and Dr.A.P.J.Abdul Kalam Nagar-Phase-I at Rs 600 per sq.ft.

What fees are associated with buying property in S.B.K Avenue?

When purchasing property in S.B.K Avenue, buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 54,000.

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

The Sub Registrar Office for S.B.K Avenue is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find more information about it online.