Guideline Value for S.M. ESTEEM AVENUE

S.M. Esteem Avenue guideline value

The current guideline value of S.M. Esteem Avenue is Rs 3,433 per sq.ft, as per the 2023 revision. This street is located in Mambakkam village under the Gooduvancheri SRO and is classified as Mixed Special Type - II.

How the guideline value of S.M. Esteem Avenue has changed

In the 2017 revision, the guideline value was Rs 2,300 per sq.ft. This represented an increase of 49% to the current guideline value of Rs 3,433 per sq.ft established in the 2023 revision. The register does not provide figures for the revisions in 2024, 2012, 2007, 2003, and 2002 for this street.

To summarize, the guideline value increased from Rs 2,300 per sq.ft in 2017 to Rs 3,433 per sq.ft in 2023. The significant change reflects the adjustments made in the valuation process over the years.

Guideline values in Mambakkam

Currently, there are no specific village figures provided for Mambakkam. S.M. Esteem Avenue is situated in this village, and there are no other streets in Mambakkam listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in S.M. Esteem Avenue

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 34,33,000. The stamp duty at 7% would be Rs 2,40,310, and the registration fee at 2% would be Rs 68,660, bringing the total to Rs 3,08,970. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers S.M. Esteem Avenue?

The S.M. Esteem Avenue is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Mambakkam. It serves as a benchmark for calculating the stamp duty and registration fees that buyers and sellers must pay during the transfer of property ownership.

When a property is sold, the buyer is required to pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of S.M. Esteem Avenue?

The current guideline value of S.M. Esteem Avenue is Rs 3,433 per sq.ft, as per the 2023 revision.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49%, from Rs 2,300 per sq.ft to Rs 3,433 per sq.ft in 2023.

What is the registration office for S.M. Esteem Avenue?

The registration office that covers S.M. Esteem Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

What are the stamp duty and registration fees for properties in S.M. Esteem Avenue?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 3,08,970, which includes a stamp duty of Rs 2,40,310 and a registration fee of Rs 68,660.

Are there other streets in Mambakkam with guideline values?

Currently, there are no other streets in Mambakkam listed under the Gooduvancheri SRO, and no specific village figures are provided for this area.