Guideline Value for S.K.R. AVENUE (WARD -19)

S.K.R. Avenue (Ward -19) guideline value

The current guideline value of S.K.R. Avenue (Ward -19) is Rs 990 per sq.ft, effective from 1 July 2024. This street is located in Sattamangalam village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of S.K.R. Avenue (Ward -19) has changed

The guideline value of S.K.R. Avenue has seen several revisions over the years. In 2012, the value was set at Rs 900 per sq.ft. This figure remained unchanged until 2017, when it dropped to Rs 603 per sq.ft, marking a decrease of 33%. The next revision in 2023 raised the value to Rs 900 per sq.ft, and the most recent revision in 2024 has increased it further to Rs 990 per sq.ft, which is a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased significantly by 49%. Overall, comparing the figures from 2012 to 2024, there has been a 10% increase. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing S.K.R. Avenue's 2024 figure below that median.

• South Ganapathy Nagar (Pa): Rs 660 per sq.ft (2024)
• Sinthamani Nagar (Sa): Rs 440 per sq.ft (2024)
• Sinthamani Nagar (Per): Rs 440 per sq.ft (2024)
• Sinthamani Nagar Annex (Sa): Rs 660 per sq.ft (2024)
• Sinthamani Nagar Annex (Pa): Rs 660 per sq.ft (2024)
• Singaravelan Street (Ward -7): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in S.K.R. Avenue (Ward -19)

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, making the total cost for these fees Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details on fees applicable to your property transactions.

Which Sub Registrar Office covers S.K.R. Avenue (Ward -19)?

The Sub Registrar Office that covers S.K.R. Avenue (Ward -19) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Sattamangalam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction process. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of S.K.R. Avenue (Ward -19)?

The current guideline value of S.K.R. Avenue (Ward -19) is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then back to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the land classification for S.K.R. Avenue?

S.K.R. Avenue is classified as Residential Class I Type - II, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for a property in S.K.R. Avenue?

For a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300 and the registration fee would be Rs 19,800, totaling Rs 89,100.

Which office handles registrations for properties in S.K.R. Avenue?

The Chengleput Joint II Sub Registrar Office handles registrations for properties in S.K.R. Avenue, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.