Guideline Value for S.P.AVENUE

S.P.Avenue guideline value

The current guideline value of S.P.Avenue in Mamandoor village is Rs 300 per sq.ft, effective from 1 July 2024. This property falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - II.

How the guideline value of S.P.Avenue has changed

The guideline value for S.P.Avenue has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 201 per sq.ft. This was followed by a significant increase to Rs 300 per sq.ft in the 2023 revision, which has remained the same in the 2024 revision, showing a change of +0% between 2023 and 2024.

From 2012 to 2017, there was a decrease of -33%, but from 2017 to 2023, the value increased by +49%. Overall, comparing the 2012 and 2024 revisions, the guideline value has remained stable with a change of +0%.

Guideline values in Mamandoor

Mamandoor village has a total of 41 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 300 to Rs 1,200 per sq.ft. The median value is Rs 500 per sq.ft, placing S.P.Avenue's 2024 figure below this median.

• Senthil Nagar: Rs 500 per sq.ft (2024)
• Sri Padmaladha Avenue: Rs 650 per sq.ft (2024)
• Sri Sai Sreevari Nagar: Rs 500 per sq.ft (2024)
• Sri Vathsa Nagar Phase2: Rs 500 per sq.ft (2024)
• Sri Vathsa Nagar Phasei: Rs 500 per sq.ft (2024)
• Sai Sri Sastha Nagar Phase 1 & 2: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in S.P.Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers S.P.Avenue?

The Sub Registrar Office that covers S.P.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 Mamandoor

The guideline value is a crucial factor during the registration process when buying or selling property in Mamandoor. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable fees. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of S.P.Avenue?

The current guideline value of S.P.Avenue is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen changes from Rs 300 in 2012 to Rs 201 in 2017, and then back to Rs 300 in 2023 and 2024. The overall change from 2012 to 2024 is +0%.

What is the median guideline value in Mamandoor?

The median guideline value in Mamandoor is Rs 500 per sq.ft, with S.P.Avenue's value being below this median.

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

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000.

Where is the Sub Registrar Office for S.P.Avenue located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.