Guideline Value for SAI AVENUE

Sai Avenue guideline value

The current guideline value of Sai Avenue in Thirumazhisai village, under the Poonamallee SRO, is Rs 1,550 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - III land classification.

How the guideline value of Sai Avenue has changed

The guideline value for Sai Avenue has undergone several revisions since 2017. In 2017, the value was Rs 938 per sq.ft, which increased to Rs 1,410 per sq.ft in 2023, marking a significant rise of 50%. With the latest revision in 2024, the guideline value now stands at Rs 1,550 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 65%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thirumazhisai

In Thirumazhisai, there are 86 streets under the Poonamallee SRO with a 2024 guideline value ranging from Rs 730 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,320 per sq.ft, placing Sai Avenue's 2024 figure above this median.

• Sai Golden Paradise Extension: Rs 1,440 per sq.ft (2024)
• Sai's Golden Paradise Extn: Rs 1,650 per sq.ft (2024)
• R.M.R.Enclave: Rs 1,320 per sq.ft (2024)
• Ranjith Maharaj Enclave: Rs 1,550 per sq.ft (2024)
• Saravana Prasad Avenue: Rs 1,650 per sq.ft (2024)
• Ramachandra nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Avenue

For a 1,000 sq.ft plot at the current rate of Rs 1,550 per sq.ft, the guideline value amounts to Rs 15,50,000. The stamp duty at 7% would be Rs 1,08,500, and the registration fee at 2% would be Rs 31,000, bringing the total to Rs 1,39,500. 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 Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Thirumazhisai. It serves as a reference point for determining the stamp duty and registration fees applicable to a property transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair price, helping to maintain transparency in the real estate market. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sai Avenue?

The current guideline value of Sai Avenue is Rs 1,550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 938 per sq.ft to Rs 1,550 per sq.ft in 2024, marking an overall increase of 65% across the revisions.

What is the land classification for Sai Avenue?

Sai Avenue falls under the Residential Class II Type - III land classification, indicating its suitability for residential development.

Where can I find the registration office for Sai Avenue?

The registration office for Sai Avenue is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

How is stamp duty calculated for properties in Sai Avenue?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, on a property valued at Rs 15,50,000, the stamp duty would be Rs 1,08,500 at a rate of 7%.