Guideline Value for SAI AVENUE

Sai Avenue guideline value

The current guideline value of Sai Avenue in Perumattu Nellore village is Rs 700 per sq.ft, effective from 1 July 2024. This property falls under the Chengleput Joint II SRO and is classified as Residential Special Type - II.

How the guideline value of Sai Avenue has changed

Looking at the revisions, in 2012, the guideline value was set at Rs 700 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 469 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 700 per sq.ft in 2023, representing a 49% increase from the 2017 figure. The 2024 revision shows no change from the 2023 figure, maintaining the value at Rs 700 per sq.ft.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for Sai Avenue. Therefore, the revisions considered are from 2012, 2017, 2023, and 2024.

Guideline values in Perumattu Nellore

In Perumattu Nellore, there are 83 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 2,850 per sq.ft. The median value for these streets is Rs 700 per sq.ft, which is equal to the guideline value of Sai Avenue.

• Rathina Mangala Nagar: Rs 500 per sq.ft (2024)
• Selvi Nagar: Rs 800 per sq.ft (2024)
• Rajajipuram: Rs 500 per sq.ft (2024)
• Rajaji Nagar: Rs 800 per sq.ft (2024)
• Rajaji Avenue: Rs 800 per sq.ft (2024)
• Shanthi Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. It is important to note that the 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 details.

Which Sub Registrar Office covers Sai Avenue?

The Sub Registrar Office that covers Sai 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 Perumattu Nellore

The guideline value plays a crucial role during property transactions in Perumattu Nellore. It is the basis for calculating the stamp duty and registration fees that buyers must pay when purchasing property. This value is set by the government and is updated periodically, reflecting the market conditions and land classifications.

When buying or selling property, it is essential to be aware of the current guideline value as it determines the minimum price at which the property can be registered. This ensures that the transaction is transparent and that the government receives the appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value of Sai Avenue?

The current guideline value of Sai Avenue is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent being no change from Rs 700 per sq.ft in 2023 to 2024. It was Rs 469 per sq.ft in 2017 and Rs 700 per sq.ft in 2012.

What is the land classification for Sai Avenue?

Sai Avenue is classified as Residential Special Type - II, which indicates its intended use for residential purposes.

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

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

How is stamp duty calculated for properties in Sai Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000, leading to a stamp duty of Rs 49,000.