Guideline Value for S.S. Avenue

S.S. Avenue guideline value

The current guideline value of S.S. Avenue in Perungalathur village, under the Padappai SRO, is Rs 1,650 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class IV Type - II land classification.

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

Over the years, the guideline value of S.S. Avenue has seen several revisions. The earliest recorded revision in 2007 set the value at Rs 250 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in 2012, marking a 500% increase. However, it then dropped to Rs 1,005 per sq.ft in 2017, a decrease of 33%. The value rose again to Rs 1,500 per sq.ft in 2023, and most recently to Rs 1,650 per sq.ft in 2024, representing a 10% increase from the previous year.

There are no recorded figures for S.S. Avenue in the revisions for 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 560%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets listed under the Padappai SRO, with guideline values ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,310 per sq.ft, placing S.S. Avenue's 2024 figure below this median.

• S.R.S. Nagar Part - 2: Rs 2,310 per sq.ft (2024)
• S.R.S. Nagar: Rs 2,310 per sq.ft (2024)
• S.R.S. Nagar Part-3: Rs 2,310 per sq.ft (2024)
• Subadhra Theru: Rs 1,650 per sq.ft (2024)
• Subash Street: Rs 2,310 per sq.ft (2024)
• Subbammal Nagar: Rs 1,650 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers S.S. Avenue?

The S.S. Avenue is covered by the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Perungalathur. It serves as a benchmark for determining the minimum value of the property for registration purposes. Buyers and sellers must be aware of the guideline value to ensure compliance with registration norms.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of S.S. Avenue is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, showing a significant overall increase of 560% over the years.

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

For a 1,000 sq.ft plot, the total guideline value would be Rs 16,50,000, with a stamp duty of Rs 1,15,500 and a registration fee of Rs 33,000, totaling Rs 1,48,500.

Which Sub Registrar Office covers S.S. Avenue?

The Padappai Sub Registrar Office covers S.S. Avenue, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the land classification of S.S. Avenue?

S.S. Avenue falls under the Residential Class IV Type - II land classification, which is essential for determining the guideline value.