Guideline Value for SAI AVENUE PHASE-I

Sai Avenue Phase-I guideline value

The current guideline value of Sai Avenue Phase-I is Rs 500 per sq.ft. This property is located in Murugamangalam village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Sai Avenue Phase-I has changed

The guideline value for Sai Avenue Phase-I has undergone several revisions over the years. In the 2012 revision, the guideline value was set at Rs 500 per sq.ft. However, in the 2017 revision, this value decreased to Rs 335 per sq.ft, marking a decline of 33%. The most recent revision in 2023 saw the guideline value rise to Rs 500 per sq.ft again, reflecting an increase of 49% from the 2017 figure.

Overall, when comparing the 2012 and 2023 revisions, the guideline value has remained unchanged at Rs 500 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Murugamangalam

Currently, there are no specific guideline values provided for other streets in Murugamangalam. As such, Sai Avenue Phase-I stands alone in this context.

Stamp duty and registration fee for property in Sai Avenue Phase-I

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty, charged at 7%, would be Rs 35,000, while the registration fee at 2% would be Rs 10,000. Therefore, the total cost for stamp duty and registration fees combined would be Rs 45,000. It is essential to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sai Avenue Phase-I?

The Sub Registrar Office that covers Sai Avenue Phase-I is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Murugamangalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When a property is sold, the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. This ensures that the state collects the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sai Avenue Phase-I?

The current guideline value of Sai Avenue Phase-I is Rs 500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has seen fluctuations. It was Rs 500 per sq.ft in 2012, decreased to Rs 335 per sq.ft in 2017, and then returned to Rs 500 per sq.ft in 2023.

What is the land classification for Sai Avenue Phase-I?

The land classification for Sai Avenue Phase-I is Residential Special Type - I, indicating its designated use within the area.

What are the stamp duty and registration fees for a property in Sai Avenue Phase-I?

For a 1,000 sq.ft plot, the total guideline value is Rs 5,00,000. The stamp duty would be Rs 35,000 and the registration fee Rs 10,000, totaling Rs 45,000.

Which office handles the registration for Sai Avenue Phase-I?

The Gooduvancheri Sub Registrar Office handles the registration for Sai Avenue Phase-I, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.