Guideline Value for SAI POOJA AVENUE

Sai Pooja Avenue guideline value

The current guideline value of Sai Pooja Avenue is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village under the Kunrathur SRO, classified as Mixed Special Type - III.

How the guideline value of Sai Pooja Avenue has changed

The guideline value of Sai Pooja Avenue has seen significant changes over the years. The 2017 revision recorded a value of Rs 1,072 per sq.ft, which increased to Rs 1,600 per sq.ft in the 2023 revision, marking a 49% rise. The most recent 2024 revision shows a further increase to Rs 1,760 per sq.ft, reflecting a 10% change from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 5,130 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, placing Sai Pooja Avenue's 2024 figure above this median.

• Sakthi Nagar: Rs 1,430 per sq.ft (2024)
• Sambandam Nagar: Rs 1,540 per sq.ft (2024)
• Sammandam Nagar Main Road: Rs 1,540 per sq.ft (2024)
• Sammandham Nagar 1st Cross Street: Rs 1,540 per sq.ft (2024)
• Sammandham Nagar 2nd Cross Street: Rs 1,540 per sq.ft (2024)
• Sammandham Nagar 3rd Cross Street: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Pooja Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total cost for these fees to Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sai Pooja Avenue?

The Sai Pooja Avenue falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a crucial factor in property transactions within Kunrathour-B. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, which are mandatory for the completion of the transaction.

Both buyers and sellers should be aware that the guideline value may differ from the actual sale price. The stamp duty is charged based on the higher of the two values, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sai Pooja Avenue?

The current guideline value of Sai Pooja Avenue is Rs 1,760 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 from Rs 1,072 per sq.ft to Rs 1,760 per sq.ft in 2024, marking an overall increase of 64%.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 17,60,000. The stamp duty at 7% is Rs 1,23,200, and the registration fee at 2% is Rs 35,200, totaling Rs 1,58,400.

Which Sub Registrar Office handles Sai Pooja Avenue?

The Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069, covers Sai Pooja Avenue.

How is the guideline value determined?

The guideline value is determined by the Registration Department's guideline value register, which is revised periodically to reflect changes in property values based on various factors.