Guideline Value for SAKTHI AVENUE

Sakthi Avenue guideline value

The current guideline value of Sakthi Avenue, located in Athur A Block village under the Chengleput Joint II SRO, is Rs 600 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - I.

How the guideline value of Sakthi Avenue has changed

Over the years, the guideline value for Sakthi Avenue has seen several revisions. In 2007, the guideline value was Rs 175 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2012. However, it then decreased to Rs 402 per sq.ft in 2017. The 2023 revision maintained this value at Rs 600 per sq.ft, which remained unchanged in the 2024 revision. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2007 to 2012 was a substantial 243%, while the decrease from 2012 to 2017 was 33%. Overall, from 2007 to 2024, the guideline value has increased by 243%.

Guideline values in Athur A Block

Athur A Block contains 44 streets under the Chengleput Joint II SRO, with a 2024 guideline value range from Rs 300 to Rs 1,525 per sq.ft. The median value is Rs 600 per sq.ft, making Sakthi Avenue's 2024 figure equal to this median. Below are the guideline values for other streets in Athur A Block:

• Sakthi Mangala Nagar: Rs 600 per sq.ft (2024)
• Sai Thirumalai Nagar: Rs 500 per sq.ft (2024)
• Rukmani Gardens: Rs 600 per sq.ft (2024)
• Saraswathy Nagar: Rs 600 per sq.ft (2024)
• Railway Nagar: Rs 300 per sq.ft (2024)
• Sivakami Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Sakthi Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. 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 details.

Which Sub Registrar Office covers Sakthi Avenue?

The Sub Registrar Office that covers Sakthi Avenue is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Athur A Block

The guideline value plays a crucial role during the registration of property transactions in Athur A Block. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. Buyers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sakthi Avenue?

The current guideline value of Sakthi Avenue is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with significant changes from Rs 175 per sq.ft in 2007 to Rs 600 per sq.ft in 2012, then decreasing to Rs 402 per sq.ft in 2017, and remaining at Rs 600 per sq.ft in 2023 and 2024.

What is the land classification for Sakthi Avenue?

The land classification for Sakthi Avenue is Mixed Type - I, indicating a mix of residential and commercial uses in the area.

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 6,00,000, the total fees would amount to Rs 54,000.

Where is the Sub Registrar Office for Sakthi Avenue located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.