Guideline Value for SAI NAGAMMAL AVENUE

Sai Nagammal Avenue guideline value

The current guideline value of Sai Nagammal Avenue is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kolumanivakkam village under the Kunrathur SRO, classified as Mixed Type - III land.

How the guideline value of Sai Nagammal Avenue has changed

The guideline value for Sai Nagammal Avenue has undergone several revisions over the years. The 2017 revision set the value at Rs 2,000 per sq.ft, which remained unchanged in the 2023 revision. However, the 2024 revision marked an increase to Rs 2,200 per sq.ft, reflecting a 10% rise from the previous year.

Prior to the 2017 revision, the register has no figure for the years 2002, 2003, 2007, and 2012. The overall change from the 2017 revision to the 2024 revision is a 10% increase, indicating a notable adjustment in the guideline value for this street.

Guideline values in Kolumanivakkam

In Kolumanivakkam, there are 47 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,290 per sq.ft. The median value for these streets is Rs 1,350 per sq.ft, positioning Sai Nagammal Avenue's 2024 figure above this median.

• Sai Mahalakshmi Nagar: Rs 1,350 per sq.ft (2024)
• Sai Vallalar Sivasankaran Nagar: Rs 1,650 per sq.ft (2024)
• Sathya Nagar: Rs 1,350 per sq.ft (2024)
• Ramadoss Nagar: Rs 880 per sq.ft (2024)
• Selvam Avenue: Rs 2,200 per sq.ft (2024)
• Rajiv Nagar: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Nagammal Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sai Nagammal Avenue?

The Sai Nagammal Avenue falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

The guideline value is a crucial factor during property registration in Kolumanivakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations and to calculate the applicable stamp duty and registration fees.

When a property is sold, the sale price or the guideline value, whichever is higher, is used to calculate the stamp duty. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sai Nagammal Avenue?

The current guideline value of Sai Nagammal Avenue is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen a 10% increase from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024. There was no change from 2017 to 2023, maintaining a value of Rs 2,000 per sq.ft during that period.

What is the median guideline value in Kolumanivakkam?

The median guideline value for streets in Kolumanivakkam is Rs 1,350 per sq.ft. Sai Nagammal Avenue's 2024 figure is above this median.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000. These fees are based on the guideline value.

Which office handles the registration of properties in Sai Nagammal Avenue?

The Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069, handles the registration of properties in Sai Nagammal Avenue.