Guideline Value for SAPTHAGIRI AVENUE

Sapthagiri Avenue guideline value

The current guideline value of Sapthagiri Avenue is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Palur-A village under the Chengleput Joint II SRO, and it falls under the land classification of Residential Special Type - I.

How the guideline value of Sapthagiri Avenue has changed

The guideline value for Sapthagiri Avenue has remained stable at Rs 400 per sq.ft since the 2023 revision. Prior to that, the 2017 revision set the value at Rs 268 per sq.ft, marking a significant increase of 49% over the six-year period leading up to 2023.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. From 2017 to 2024, the guideline value has increased by 49%, remaining consistent at Rs 400 per sq.ft in both the 2023 and 2024 revisions.

Guideline values in Palur-A

In Palur-A, there are 44 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 600 per sq.ft. The median value for these streets is Rs 400 per sq.ft, which is the same as the current guideline value for Sapthagiri Avenue.

• Samuthuva Nagar: Rs 500 per sq.ft (2024)
• Sai Linga Nagar: Rs 400 per sq.ft (2024)
• Saba Garden: Rs 400 per sq.ft (2024)
• Raju Royal Garden Extn: Rs 600 per sq.ft (2024)
• Raju Royal Garden: Rs 400 per sq.ft (2024)
• Sri Astalakshmi Township: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Sapthagiri Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sapthagiri Avenue?

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

How the guideline value is used when you buy or sell in Palur-A

The guideline value is a crucial factor when registering property transactions in Palur-A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the market conditions as assessed by the Registration Department. This helps maintain transparency in property dealings.

Frequently asked questions

What is the current guideline value of Sapthagiri Avenue?

The current guideline value of Sapthagiri Avenue is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft since 2023, with a significant increase from Rs 268 per sq.ft in 2017, representing a 49% rise overall from 2017 to 2024.

What are the other streets in Palur-A and their guideline values?

Other streets in Palur-A include Samuthuva Nagar at Rs 500 per sq.ft, Sai Linga Nagar and Saba Garden both at Rs 400 per sq.ft, Raju Royal Garden Extn at Rs 600 per sq.ft, Raju Royal Garden at Rs 400 per sq.ft, and Sri Astalakshmi Township at Rs 150 per sq.ft.

What fees are associated with buying property in Sapthagiri Avenue?

When buying property in Sapthagiri Avenue, the stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 36,000.

Where can I find my Sub Registrar Office?

The Sub Registrar Office for Sapthagiri Avenue is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by visiting the relevant link.