Guideline Value for SAGUNTHALA AVENUE

Sagunthala Avenue guideline value

The current guideline value of Sagunthala Avenue is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Malayambakkam village, under the Kunrathur SRO, and is classified as Residential Special Type - II.

How the guideline value of Sagunthala Avenue has changed

The guideline value for Sagunthala Avenue has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 1,675 per sq.ft. Following this, the value increased to Rs 2,500 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 2,750 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a substantial increase of 64%. It is important to note that there are no recorded figures for Sagunthala Avenue in the revisions from 2002, 2003, 2007, and 2012.

Guideline values in Malayambakkam

In Malayambakkam, there are 82 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 450 to Rs 2,750 per sq.ft. The median guideline value for these streets is Rs 935 per sq.ft, placing Sagunthala Avenue's 2024 figure above this median.

• Sai Sampath Nagar: Rs 2,310 per sq.ft (2024)
• Sai Sri Boobathi Nagar: Rs 2,200 per sq.ft (2024)
• Sakthi Nagar: Rs 880 per sq.ft (2024)
• Royal City: Rs 1,800 per sq.ft (2024)
• Ram Nagar: Rs 1,210 per sq.ft (2024)
• Ramachandra Nagar: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Sagunthala Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total fees together to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sagunthala Avenue?

The Sub Registrar Office that covers Sagunthala Avenue is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

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

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

Frequently asked questions

What is the current guideline value of Sagunthala Avenue?

The current guideline value of Sagunthala Avenue is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,675 per sq.ft to Rs 2,750 per sq.ft in 2024, representing an overall increase of 64%.

What is the median guideline value in Malayambakkam?

The median guideline value for the 82 streets in Malayambakkam under the Kunrathur SRO is Rs 935 per sq.ft, with Sagunthala Avenue's value being above this median.

What are the registration fees for property transactions?

For a property valued at Rs 27,50,000, the stamp duty is Rs 1,92,500 at 7%, and the registration fee is Rs 55,000 at 2%, totaling Rs 2,47,500.

Where can I find the Sub Registrar Office for Sagunthala Avenue?

The Kunrathur Sub Registrar Office covers Sagunthala Avenue and is located at No.59, Road Street, Kundrathur, Chennai -600 069.