Guideline Value for SARANGAPANI AVENUE

Sarangapani Avenue guideline value

The current guideline value of Sarangapani Avenue is Rs 2,900 per sq.ft, effective from 1 July 2024. This street is located in Chitthalapakkam village under the Selaiyur SRO, classified as Industries Type - I.

How the guideline value of Sarangapani Avenue has changed

Over the years, the guideline value for Sarangapani Avenue has seen several revisions. The most recent revision in 2024 set the value at Rs 2,900 per sq.ft, up from Rs 2,700 per sq.ft in 2023, marking a 7% increase. Prior to that, in 2017, the value was Rs 1,809 per sq.ft, reflecting a significant increase of 49% by 2023. The 2012 revision also had the value at Rs 2,700 per sq.ft, which was a decrease of 33% from the 2017 figure. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Overall, from 2012 to 2024, the guideline value has increased by 7%, with the 2024 figure aligning with the median value of Rs 2,900 per sq.ft among the 107 streets in Chitthalapakkam under the Selaiyur SRO.

Guideline values in Chitthalapakkam

In Chitthalapakkam, the guideline values range from Rs 1,300 to Rs 5,000 per sq.ft, with the median value being Rs 2,900 per sq.ft. Sarangapani Avenue's 2024 guideline value matches this median, indicating its position within the local market.

• Sankarapuram Extension: Rs 3,300 per sq.ft (2024)
• Sankarapuram: Rs 3,300 per sq.ft (2024)
• Seethammal Nagar: Rs 2,950 per sq.ft (2024)
• Sekaran S Woodrow Manor: Rs 3,300 per sq.ft (2024)
• Senthamizh Nagar Veenus Colony: Rs 3,300 per sq.ft (2024)
• Royal Garden: Rs 2,250 per sq.ft (2024)

Stamp duty and registration fee for property in Sarangapani Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,900 per sq.ft, the total guideline value would be Rs 29,00,000. The stamp duty at 7% would amount to Rs 2,03,000, and the registration fee at 2% would be Rs 58,000, totaling Rs 2,61,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sarangapani Avenue?

The Sarangapani Avenue falls under the Selaiyur Sub Registrar Office located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process of property transactions in Chitthalapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. It is essential for both buyers and sellers to be aware of the current guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sarangapani Avenue?

The current guideline value of Sarangapani Avenue is Rs 2,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,809 per sq.ft in 2017 to Rs 2,900 per sq.ft in 2024, with several revisions in between. The most recent increase was 7% from 2023 to 2024.

What are the stamp duty and registration fees for properties in Sarangapani Avenue?

For a property valued at Rs 29,00,000, the stamp duty would be Rs 2,03,000 and the registration fee would be Rs 58,000, totaling Rs 2,61,000.

Which Sub Registrar Office covers Sarangapani Avenue?

The Selaiyur Sub Registrar Office covers Sarangapani Avenue, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the land classification of Sarangapani Avenue?

Sarangapani Avenue is classified as Industries Type - I, indicating its suitability for industrial purposes.