Guideline Value for SAKTHI AVENUE

Sakthi Avenue guideline value

The current guideline value of Sakthi Avenue, located in Eesoor village under the Madurandakam SRO, is Rs 175 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 of Sakthi Avenue has seen several revisions. The 2012 revision set the value at Rs 175 per sq.ft, which remained unchanged in the 2017 revision. However, in 2017, the value was reduced to Rs 117 per sq.ft, marking a decrease of 33%. The 2023 revision brought the value back to Rs 175 per sq.ft, and this figure has been maintained in the 2024 revision, showing no change from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. The overall change from the 2012 revision to the 2024 revision is 0%, indicating stability in the guideline value over this period.

Guideline values in Eesoor

In Eesoor, five streets under the Madurandakam SRO have a guideline value for 2024 ranging from Rs 120 to Rs 250 per sq.ft, with the median value being Rs 175 per sq.ft. Sakthi Avenue's current guideline value aligns with this median.

• Sri Sathyasai Nagar: Rs 250 per sq.ft (2024)
• Om Sakthi Nagar: Rs 120 per sq.ft (2024)
• Nemichand Nagar: Rs 120 per sq.ft (2024)
• Green Wood Avenue: Rs 175 per sq.ft (2024)

Stamp duty and registration fee for property in Sakthi Avenue

For a 1,000 sq.ft plot at the current rate of Rs 175 per sq.ft, the guideline value would be Rs 1,75,000. The stamp duty at 7% would amount to Rs 12,250, and the registration fee at 2% would be Rs 3,500, bringing the total to Rs 15,750. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sakthi Avenue?

The Sakthi Avenue area falls under the jurisdiction of the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration process of property transactions in Eesoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the authorities will assess the guideline value to calculate the applicable duties. This ensures that the transaction is recorded accurately and that the appropriate fees are collected based on the established guideline values.

Frequently asked questions

What is the current guideline value of Sakthi Avenue?

The current guideline value of Sakthi Avenue is Rs 175 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 175 per sq.ft in the 2012, 2023, and 2024 revisions, while it was Rs 117 per sq.ft in 2017. There are no figures for the years 2002, 2003, and 2007 for this street.

What is the land classification of Sakthi Avenue?

Sakthi Avenue is classified as Mixed Type - I, which indicates the type of land use permitted in the area.

How is the stamp duty calculated for properties in Sakthi Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot valued at Rs 175 per sq.ft, the stamp duty would be Rs 12,250.

Where can I find the Sub Registrar Office for Sakthi Avenue?

The Sub Registrar Office covering Sakthi Avenue is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.