Guideline Value for SANMUGA AVENUE

Sanmuga Avenue guideline value

The current guideline value of Sanmuga Avenue is Rs 799 per sq.ft, effective from 1 July 2024. This street is located in Thenampakkam village under the Kanchipuram Joint IV SRO, and it falls under the Residential Class I Type - II land classification.

How the guideline value of Sanmuga Avenue has changed

The guideline value for Sanmuga Avenue has seen revisions over the years. The most recent revision in 2024 set the value at Rs 799 per sq.ft, which is a slight decrease from Rs 800 per sq.ft in the 2023 revision. Notably, there were no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

To summarize the revisions, the guideline value was Rs 800 per sq.ft in 2023, and it decreased to Rs 799 per sq.ft in 2024, showing a change of +0%. The previous revisions do not have figures recorded for Sanmuga Avenue, indicating that the value has remained stable in recent years.

Guideline values in Thenampakkam

In Thenampakkam, the guideline value for Sanmuga Avenue stands at Rs 799 per sq.ft as of 2024. This value positions it among other streets in the area, which are listed below:

• Cholan Nagar: 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 799 per sq.ft, the total guideline value would be Rs 7,99,000. The stamp duty at 7% would amount to Rs 55,930, and the registration fee at 2% would be Rs 15,980, bringing the total cost for these fees to Rs 71,910. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sanmuga Avenue?

The Kanchipuram Joint IV Sub Registrar Office covers Sanmuga Avenue. The office is 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 Thenampakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Thenampakkam. It serves as the benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Sanmuga Avenue?

The current guideline value of Sanmuga Avenue is Rs 799 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 800 per sq.ft in 2023 to Rs 799 per sq.ft in 2024. There are no recorded figures for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Sanmuga Avenue?

Sanmuga Avenue is classified under Residential Class I Type - II, which indicates its designation for residential use within the area.

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

For a property valued at Rs 7,99,000, the stamp duty would be Rs 55,930 and the registration fee would be Rs 15,980, totaling Rs 71,910. These fees are calculated based on the higher of the guideline value or the sale price.

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

The Kanchipuram Joint IV Sub Registrar Office is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find more details by visiting the relevant link.