Guideline Value for S.K.S. STAR LIGHT AVENUE

S.K.S. Star Light Avenue guideline value

The current guideline value of S.K.S. Star Light Avenue is Rs 1,045 per sq.ft, effective from 1 July 2024. This property is located in Kayirambedu village and falls under the Chengleput Joint II SRO. The land classification for this area is Mixed Special Type - III.

How the guideline value of S.K.S. Star Light Avenue has changed

The guideline value for S.K.S. Star Light Avenue has remained consistent at Rs 1,045 per sq.ft from the 2023 revision to the 2024 revision, reflecting a change of +0%. Prior to this, the register does not have figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

In the 2023 revision, the guideline value was also Rs 1,045 per sq.ft. This indicates that there has been no increase or decrease in value during this period. Overall, the guideline value has remained stable for the last two revisions.

Guideline values in Kayirambedu

In Kayirambedu, there are 120 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,550 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, making S.K.S. Star Light Avenue's 2024 figure above that median.

• Sks Kathirvelan Garden: Rs 2,389 per sq.ft (2024)
• Sks Ganesa Garden: Rs 2,986 per sq.ft (2024)
• Siva Venkatapuram: Rs 700 per sq.ft (2024)
• S Na Garden: Rs 900 per sq.ft (2024)
• Snt Nagar: Rs 2,389 per sq.ft (2024)
• Sorna Bungalow Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in S.K.S. Star Light Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,045 per sq.ft, the total guideline value amounts to Rs 10,45,000. The stamp duty at 7% would be Rs 73,150, and the registration fee at 2% would be Rs 20,900, making the total fees together Rs 94,050. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers S.K.S. Star Light Avenue?

The S.K.S. Star Light Avenue is covered by 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 Kayirambedu

The guideline value plays a crucial role in property transactions in Kayirambedu, as it determines the minimum value at which a property can be registered. This value is essential for calculating stamp duty and registration fees, which are mandatory during the sale or purchase of property.

When buying or selling property, it is important to be aware that the guideline value is set by the government and reflects the prevailing market conditions. This ensures that all transactions are conducted fairly and transparently.

Frequently asked questions

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

The current guideline value of S.K.S. Star Light Avenue is Rs 1,045 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for S.K.S. Star Light Avenue has remained unchanged at Rs 1,045 per sq.ft from 2023 to 2024. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register.

What are the guideline values for other streets in Kayirambedu?

Other streets in Kayirambedu have varying guideline values, ranging from Rs 400 to Rs 3,550 per sq.ft. The median value is Rs 700 per sq.ft, with S.K.S. Star Light Avenue being above this median.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2%. For example, a 1,000 sq.ft plot at the current rate would incur a total of Rs 94,050 in fees.

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 by visiting the official site.