Guideline Value for SARANG AVENUE

Sarang Avenue guideline value

The current guideline value of Sarang Avenue in Venpakkam village is Rs 700 per sq.ft, effective from 1 July 2024. This property falls under the Chengleput Joint II SRO and is classified as Residential Special Type - I.

How the guideline value of Sarang Avenue has changed

The guideline value for Sarang Avenue has seen several revisions over the years. In 2007, the value was Rs 25 per sq.ft, which increased dramatically to Rs 700 per sq.ft in 2012, marking a significant rise of 2700%. However, in 2017, the value adjusted downwards to Rs 469 per sq.ft, a decrease of 33%. The most recent revisions in 2023 and 2024 have maintained the value at Rs 700 per sq.ft, showing no change between these two years.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for Sarang Avenue. Overall, from 2007 to 2024, the guideline value has increased by 2700%.

Guideline values in Venpakkam

In Venpakkam, three streets under the Chengleput Joint II SRO have a guideline value for 2024 ranging from Rs 500 to Rs 700 per sq.ft, with the median value being Rs 700 per sq.ft. Sarang Avenue's 2024 figure aligns with this median.

• Sagaya Nagar: Rs 500 per sq.ft (2024)
• Vgn Sarang Avenue Main: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Sarang Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total cost for these fees to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Sarang Avenue?

The Sarang Avenue property is covered by 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 Venpakkam

The guideline value plays a crucial role in the registration process when buying or selling property in Venpakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is considered to ensure that the transaction reflects a fair value, which is essential for tax purposes. Buyers and sellers should be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sarang Avenue?

The current guideline value of Sarang Avenue is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 25 per sq.ft in 2007 to Rs 700 per sq.ft in 2012, then decreased to Rs 469 per sq.ft in 2017, and has remained at Rs 700 per sq.ft in 2023 and 2024.

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

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000.

Which Sub Registrar Office handles Sarang Avenue?

The Chengleput Joint II Sub Registrar Office handles Sarang Avenue, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification of Sarang Avenue?

Sarang Avenue is classified as Residential Special Type - I, indicating its designation for residential purposes within the area.