Guideline Value for SAI AVENUE

Sai Avenue guideline value

The current guideline value of Sai Avenue in Kerugambakkam village is Rs 1,980 per sq.ft, effective from 1 July 2024. This street falls under the Pammal Sub Registrar Office (SRO) and is classified as Residential Class II Type - II.

How the guideline value of Sai Avenue has changed

The guideline value for Sai Avenue has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, an increase from Rs 1,800 per sq.ft in 2023, marking a 10% rise. Prior to that, the 2017 revision recorded the value at Rs 1,206 per sq.ft, which means there was a significant increase of 49% from 2017 to 2023. The overall change from 2017 to 2024 is a notable 64% increase.

It is important to note that there are no figures available for Sai Avenue in the revisions from 2002, 2003, 2007, and 2012. The absence of these figures means we can only consider the revisions from 2017, 2023, and 2024 for understanding the guideline value changes.

Guideline values in Kerugambakkam

In Kerugambakkam, there are 144 streets under the Pammal SRO that carry a guideline value for 2024, ranging from Rs 1,100 to Rs 4,800 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, indicating that the guideline value for Sai Avenue is below this median.

• Royal Vila: Rs 1,980 per sq.ft (2024)
• Sakthi Nagar Avenue: Rs 2,750 per sq.ft (2024)
• Roja Avenue: Rs 1,980 per sq.ft (2024)
• R.K.Nagar (S.No.595/7a): Rs 2,200 per sq.ft (2024)
• R.K. Nagar: Rs 1,980 per sq.ft (2024)
• R.K.B. Nagar: Rs 1,980 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 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. It is important to note that 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 Sai Avenue falls under the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Kerugambakkam

The guideline value is a crucial factor when registering property transactions in Kerugambakkam. It serves as a benchmark for determining the minimum price at which a property can be sold or bought, ensuring that the transaction is recorded accurately and fairly.

When you buy or sell a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Sai Avenue?

The current guideline value of Sai Avenue is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased by 64%, from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024. The most recent change from 2023 to 2024 was an increase of 10%.

Which Sub Registrar Office covers Sai Avenue?

Sai Avenue is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What are the registration fees based on the guideline value?

The registration fees are calculated based on the guideline value. For example, for a property valued at Rs 19,80,000, the registration fee at 2% would be Rs 39,600.

What is the median guideline value in Kerugambakkam?

The median guideline value for streets in Kerugambakkam is Rs 2,200 per sq.ft, indicating that Sai Avenue's guideline value is below this median.