Guideline Value for SARAVANAN AVENUE

Saravanan Avenue guideline value

The current guideline value of Saravanan Avenue is Rs 2,310 per sq.ft, effective from 1 July 2024. This street is located in Agaramthen village under the Tambaram Joint 1 SRO, and it falls under the Residential Special Type - IV land classification.

How the guideline value of Saravanan Avenue has changed

Looking at the revisions, the guideline value for Saravanan Avenue has remained at Rs 2,100 per sq.ft from 2017 until the 2023 revision. In 2023, the value was revised to Rs 2,100 per sq.ft, and then increased by 10% to Rs 2,310 per sq.ft in the 2024 revision.

There are no figures for the revisions in the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value increased by 10% from Rs 2,100 per sq.ft to Rs 2,310 per sq.ft.

Guideline values in Agaramthen

Agaramthen village has 125 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 440 to Rs 3,700 per sq.ft as of 2024. The median guideline value in this village is Rs 830 per sq.ft, making the current value of Saravanan Avenue above that median.

• Sathiyavani Muthu Street: Rs 830 per sq.ft (2024)
• School Street: Rs 990 per sq.ft (2024)
• Ruby Greenvillee: Rs 1,770 per sq.ft (2024)
• Ramar Street: Rs 830 per sq.ft (2024)
• Ramadoss Nagar: Rs 550 per sq.ft (2024)
• Rajeswari Street: Rs 830 per sq.ft (2024)

Stamp duty and registration fee for property in Saravanan Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,310 per sq.ft, the total guideline value would be Rs 23,10,000. The stamp duty at 7% would be Rs 1,61,700, and the registration fee at 2% would be Rs 46,200, making the total cost for stamp duty and registration Rs 2,07,900. 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 more information.

Which Sub Registrar Office covers Saravanan Avenue?

The Sub Registrar Office that covers Saravanan Avenue is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration process of property transactions in Agaramthen. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps establish a baseline for the transaction price. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Saravanan Avenue?

The current guideline value of Saravanan Avenue is Rs 2,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Saravanan Avenue has remained at Rs 2,100 per sq.ft from 2017 until 2023. In 2024, it was revised to Rs 2,310 per sq.ft, marking a 10% increase from the previous value.

What is the median guideline value in Agaramthen?

The median guideline value in Agaramthen village is Rs 830 per sq.ft, with Saravanan Avenue's current value being above this median.

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

For a property valued at Rs 23,10,000, the stamp duty would be Rs 1,61,700 and the registration fee would be Rs 46,200, totaling Rs 2,07,900. This is based on the current guideline value of Rs 2,310 per sq.ft.

Which office handles property registrations for Saravanan Avenue?

The Tambaram Joint 1 Sub Registrar Office handles property registrations for Saravanan Avenue, located at No.26, Mes Road, East Tambaram, Chennai-600059.