Guideline Value for SAITHRA AVENUE

Saithra Avenue guideline value

The current guideline value of Saithra Avenue is Rs 739 per sq.ft, effective from 1 July 2024. This property is located in Illaloor village, under the Thiruporur SRO, and is classified as Mixed Type - III land.

How the guideline value of Saithra Avenue has changed

The guideline value for Saithra Avenue has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 739 per sq.ft, an increase of 10% from the 2023 figure of Rs 672 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 450 per sq.ft, marking a 49% increase from 2017 to 2023. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. This indicates a significant change in the valuation of properties in this area over the years.

Guideline values in Illaloor

In Illaloor, there are 17 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,100 per sq.ft, with a median value of Rs 1,150 per sq.ft. Saithra Avenue's 2024 guideline value is below this median.

• Serasa Greens: Rs 1,396 per sq.ft (2024)
• Sri Jairam Nagar: Rs 550 per sq.ft (2024)
• Srikaram Seasons: Rs 1,150 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 660 per sq.ft (2024)
• Omr Golden City: Rs 1,150 per sq.ft (2024)
• Thangam Enclave Extn: Rs 739 per sq.ft (2024)

Stamp duty and registration fee for property in Saithra Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 739 per sq.ft, the total guideline value would be Rs 7,39,000. The stamp duty at 7% would amount to Rs 51,730, and the registration fee at 2% would be Rs 14,780, bringing the total to Rs 66,510. 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 details.

Which Sub Registrar Office covers Saithra Avenue?

The Sub Registrar Office that covers Saithra Avenue is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling a property in Illaloor, the guideline value is used to calculate the stamp duty and registration fees applicable to the transaction.

It is important for buyers and sellers to be aware of the current guideline value, as it can impact the overall cost of the transaction. The registration process requires adherence to these values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Saithra Avenue?

The current guideline value of Saithra Avenue is Rs 739 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2017 to Rs 739 per sq.ft in 2024, representing an overall increase of 64% over this period.

What is the land classification of Saithra Avenue?

Saithra Avenue is classified as Mixed Type - III land according to the local regulations.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How is stamp duty calculated for properties in Saithra Avenue?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 51,730.