Guideline Value for SANMUGA AVENUE

Sanmuga Avenue guideline value

The current guideline value of Sanmuga Avenue in Chinnayankulam village is Rs 850 per sq.ft, effective from 1 July 2024. This street falls under the Kanchipuram Joint IV SRO and is classified as Residential Class I Type - III.

How the guideline value of Sanmuga Avenue has changed

The guideline value for Sanmuga Avenue has seen changes over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the value was Rs 800 per sq.ft, which increased to Rs 850 per sq.ft in the 2024 revision, marking a change of +6%.

Prior to 2023, there were no recorded figures for this street in the revisions. The 2024 figure of Rs 850 per sq.ft aligns with the median guideline value of Rs 850 per sq.ft for the five streets in Chinnayankulam under the Kanchipuram Joint IV SRO.

Guideline values in Chinnayankulam

In Chinnayankulam, the guideline values for 2024 range from Rs 800 to Rs 1,800 per sq.ft, with Sanmuga Avenue's value being equal to the median of Rs 850 per sq.ft. The following are the other streets in Chinnayankulam:

• Sri Kanchi Nagar Extention II: Rs 800 per sq.ft (2024)
• A.S Nagar: Rs 800 per sq.ft (2024)
• ஆகாஷ் நகர்: Rs 1,800 per sq.ft (2024)
• ஸ்ரீ காளத்தி ஆண்டவர் அவென்யூ: Rs 900 per sq.ft (2024)

Stamp duty and registration fee for property in Sanmuga Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 850 per sq.ft, the total guideline value would be Rs 8,50,000. The stamp duty at 7% would amount to Rs 59,500, and the registration fee at 2% would be Rs 17,000, bringing the total to Rs 76,500. 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 further calculations.

Which Sub Registrar Office covers Sanmuga Avenue?

Sanmuga Avenue is covered by the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an important factor in property transactions in Chinnayankulam. It is used to determine the stamp duty and registration fees that must be paid during the registration process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in real estate dealings. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Sanmuga Avenue?

The current guideline value of Sanmuga Avenue is Rs 850 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 800 per sq.ft in 2023 to Rs 850 per sq.ft in 2024, representing a change of +6%.

What is the land classification for Sanmuga Avenue?

Sanmuga Avenue is classified as Residential Class I Type - III.

Where can I find the registration office for Sanmuga Avenue?

The registration office covering Sanmuga Avenue is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

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

For a property valued at Rs 8,50,000, the stamp duty would be Rs 59,500 and the registration fee would be Rs 17,000, totaling Rs 76,500. Duty is charged on the higher of the guideline value or the sale price.