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Guideline Value

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Guideline Value for S.P.Avenue Phase - III

₹770/sq.ft.

The guideline value for S.p.avenue Phase - Iii in Puthur village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 770 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Puthur

Village

Tambaram Joint 1

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹770 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹700 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.26,mes Road, East Tambaram, Chennai-600059.
044-22397171
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on S.p.avenue Phase - Iii

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S.P.Avenue Phase - III guideline value

The current guideline value of S.P.Avenue Phase - III is Rs 770 per sq.ft, effective from 1 July 2024. This property is located in Puthur village under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - I.

How the guideline value of S.P.Avenue Phase - III has changed

The guideline value for S.P.Avenue Phase - III has undergone several revisions over the years. The earliest recorded value in the register is from 2012, which was Rs 700 per sq.ft. This value remained unchanged until the next revision in 2017, where it dropped to Rs 469 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 700 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 saw the guideline value increase to Rs 770 per sq.ft, representing a 10% increase from the previous year.

It is important to note that the register does not contain figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Puthur

Puthur village has a total of 63 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 330 to Rs 4,600 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, placing S.P.Avenue Phase - III's 2024 figure below that median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total cost for these fees to Rs 69,300. Duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers S.P.Avenue Phase - III?

The Sub Registrar Office that covers S.P.Avenue Phase - III is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Puthur

The guideline value plays a crucial role in the registration process of property transactions in Puthur. When you buy or sell property, the guideline value is used to determine the stamp duty and registration fees payable. This ensures that the fees are calculated based on an official value rather than an arbitrary sale price.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the overall cost of the transaction. Understanding the guideline value helps in budgeting for these additional costs when planning a property purchase or sale.

Frequently asked questions

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

The current guideline value of S.P.Avenue Phase - III is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 770 per sq.ft in 2024, with various revisions in between, including a drop to Rs 469 per sq.ft in 2017.

What are the other streets in Puthur with similar guideline values?

Other streets in Puthur with similar guideline values include S.P.Avenue Phase - II Extension, S.P. Avenue Phase - II, and Sp Avenue Phase I, all at Rs 770 per sq.ft in 2024.

What are the fees associated with buying property in S.P.Avenue Phase - III?

For a property in S.P.Avenue Phase - III, the stamp duty is 7% and the registration fee is 2% of the guideline value, which can be calculated based on the property's size and value.

Where can I find the Sub Registrar Office for S.P.Avenue Phase - III?

The Sub Registrar Office for S.P.Avenue Phase - III is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.