Guideline Value for SAI AVENUE

Sai Avenue guideline value

The current guideline value of Sai Avenue in Melakottyur village is Rs 1,375 per sq.ft, as per the 2023 revision. This street falls under the Gooduvancheri SRO and is classified as Residential Special Type - IV.

How the guideline value of Sai Avenue has changed

Over the years, the guideline value of Sai Avenue has seen several revisions. The 2012 revision set the value at Rs 1,375 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 921 per sq.ft. However, the most recent revision in 2023 saw a significant increase to Rs 1,375 per sq.ft again. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

From 2017 to 2023, the guideline value increased by 49%. In contrast, the period from 2012 to 2017 experienced a decrease of 33%. Overall, when comparing the values from 2012 to 2023, there has been no change, maintaining the value at Rs 1,375 per sq.ft.

Guideline values in Melakottyur

Currently, there are no specific village figures provided for Melakottyur. Sai Avenue is the only street mentioned under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Sai Avenue

For a 1,000 sq.ft plot at the current rate of Rs 1,375 per sq.ft, the guideline value amounts to Rs 13,75,000. The stamp duty at 7% would be Rs 96,250, and the registration fee at 2% would be Rs 27,500. Together, the total cost for these fees would be Rs 1,23,750. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sai Avenue?

The Sub Registrar Office that covers Sai Avenue 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 Melakottyur

The guideline value is a crucial factor when buying or selling property in Melakottyur, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and that the appropriate fees are collected by the authorities.

Frequently asked questions

What is the current guideline value of Sai Avenue?

The current guideline value of Sai Avenue is Rs 1,375 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,375 per sq.ft in 2012 to Rs 921 per sq.ft in 2017, and then back to Rs 1,375 per sq.ft in 2023. There are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

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

For a property valued at Rs 13,75,000, the stamp duty would be Rs 96,250, and the registration fee would be Rs 27,500. The total fees would amount to Rs 1,23,750.

Which Sub Registrar Office covers Sai Avenue?

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

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum price for property registration in Melakottyur. It is also the basis for calculating stamp duty and registration fees, which are charged on the higher of the guideline value or the sale price.