Guideline Value for SAI JOTHI AVENUE

Sai Jothi Avenue guideline value

The current guideline value of Sai Jothi Avenue is Rs 254 per sq.ft, effective from 1 July 2024. This street is located in Manapakkam village, under the Chengleput Joint I SRO, and is classified as Residential Class I Type - III.

How the guideline value of Sai Jothi Avenue has changed

The guideline value for Sai Jothi Avenue has undergone several revisions over the years. The register shows that the value was Rs 170 per sq.ft in 2017. It remained unchanged at Rs 254 per sq.ft in the 2023 revision and continues to hold that value in the 2024 revision, indicating no change from 2023 to 2024. The overall change from 2017 to 2024 is an increase of 49%.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Thus, the only revisions reflected in the register are from 2017, 2023, and 2024.

Guideline values in Manapakkam

In Manapakkam, there are 11 streets under the Chengleput Joint I SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 500 per sq.ft. The median guideline value in this area is Rs 200 per sq.ft, placing Sai Jothi Avenue's value above this median.

• Sakthi Garden: Rs 150 per sq.ft (2024)
• Om Saravanabava Nagar Phase-II: Rs 200 per sq.ft (2024)
• Om Saravanabava Nagar Phase-I: Rs 500 per sq.ft (2024)
• New Krishna Nagar: Rs 500 per sq.ft (2024)
• Syamala Real City Phase 1,2,3: Rs 150 per sq.ft (2024)
• Kumaresan Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Jothi Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 254 per sq.ft, the total guideline value amounts to Rs 2,54,000. The stamp duty at 7% would be Rs 17,780, and the registration fee at 2% would be Rs 5,080, totaling Rs 22,860. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sai Jothi Avenue?

The Sub Registrar Office that covers Sai Jothi Avenue is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Manapakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized valuation rather than fluctuating market prices.

Frequently asked questions

What is the current guideline value of Sai Jothi Avenue?

The current guideline value of Sai Jothi Avenue is Rs 254 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 254 per sq.ft from 2023 to 2024, while it increased from Rs 170 per sq.ft in 2017 to Rs 254 per sq.ft in 2023, marking a 49% increase overall from 2017 to 2024.

What are the other streets in Manapakkam with guideline values?

Other streets in Manapakkam include Sakthi Garden at Rs 150 per sq.ft, Om Saravanabava Nagar Phase-II at Rs 200 per sq.ft, and Om Saravanabava Nagar Phase-I and New Krishna Nagar both at Rs 500 per sq.ft.

What is the stamp duty and registration fee for property in Sai Jothi Avenue?

For a 1,000 sq.ft property at the guideline value of Rs 254 per sq.ft, the total guideline value is Rs 2,54,000. The stamp duty would be Rs 17,780 and the registration fee would be Rs 5,080, totaling Rs 22,860.

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

The Chengleput Joint I Sub Registrar Office covers Sai Jothi Avenue and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.