Guideline Value for SAI VIGNESH AVENUE

Sai Vignesh Avenue guideline value

The current guideline value of Sai Vignesh Avenue is Rs 3,300 per sq.ft, effective from 1 July 2024. This property is located in Puthur village, under the Tambaram Joint 1 SRO, with a land classification of Mixed Type - II.

How the guideline value of Sai Vignesh Avenue has changed

The guideline value for Sai Vignesh Avenue has seen significant changes over the years. In the 2017 revision, the value was set at Rs 1,340 per sq.ft. This figure increased to Rs 3,000 per sq.ft in the 2023 revision, marking a substantial rise of 124%. The latest revision in 2024 has further increased the guideline value to Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 146%. 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 Puthur

In Puthur, there are 63 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 4,600 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, indicating that Sai Vignesh Avenue's 2024 figure is above this median.

• Rrk - Vr Gardens: Rs 3,300 per sq.ft (2024)
• Sdb's Mahalakshmi Nagar: Rs 3,300 per sq.ft (2024)
• Seeba Nagar: Rs 1,100 per sq.ft (2024)
• Sp Avenue Phase I: Rs 770 per sq.ft (2024)
• S.P. Avenue Phase - II: Rs 770 per sq.ft (2024)
• S.P.Avenue Phase - II Extension: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Vignesh Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, resulting in a total of Rs 2,97,000. It is essential 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 accurate calculations.

Which Sub Registrar Office covers Sai Vignesh Avenue?

The Sai Vignesh Avenue falls under the jurisdiction of the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Puthur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sai Vignesh Avenue?

The current guideline value of Sai Vignesh Avenue is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,340 per sq.ft to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 146%.

What is the stamp duty for property in Sai Vignesh Avenue?

The stamp duty for a property in Sai Vignesh Avenue is calculated at 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office covers Sai Vignesh Avenue?

The Tambaram Joint 1 Sub Registrar Office covers Sai Vignesh Avenue, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What are the guideline values for other streets in Puthur?

Other streets in Puthur have varying guideline values, with rates ranging from Rs 330 to Rs 4,600 per sq.ft, while the median value is Rs 1,100 per sq.ft.