Guideline Value for SARGUNAM ST

Sargunam St guideline value

The current guideline value of Sargunam St in Paleripattu village is Rs 990 per sq.ft, effective from 1 July 2024. This street falls under the Avadi SRO and is classified as Residential Class II Type - I.

How the guideline value of Sargunam St has changed

Over the years, the guideline value of Sargunam St has seen several revisions. The earliest recorded figure is from 2012, which was Rs 900 per sq.ft. This was followed by a decrease to Rs 603 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly to Rs 900 per sq.ft, and then further rose to Rs 990 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Specifically, the changes between revisions are notable: from 2012 to 2017, there was a decrease of 33%, while from 2017 to 2023, the increase was 49%. Overall, comparing the figures from 2012 to 2024, there has been a 10% increase. The register has no figures for the years 2002, 2003, and 2007.

Guideline values in Paleripattu

Paleripattu village has a total of 111 streets under the Avadi SRO, with guideline values ranging from Rs 801 to Rs 4,200 per sq.ft. The median guideline value is Rs 990 per sq.ft, which is equal to the current value of Sargunam St.

• Sathiyamurthy St: Rs 990 per sq.ft (2024)
• Sapthagiri Nagar & Street: Rs 990 per sq.ft (2024)
• Seethakathi St: Rs 990 per sq.ft (2024)
• Sekkadu Main Road: Rs 990 per sq.ft (2024)
• Selva Nagar: Rs 990 per sq.ft (2024)
• Sabthagiri St: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Sargunam St

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, and the registration fee at 2% would be Rs 19,800, totaling Rs 89,100. It is important to note that the 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 details.

Which Sub Registrar Office covers Sargunam St?

The Sub Registrar Office that covers Sargunam St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Paleripattu. It serves as a reference point for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees.

During the registration process, the buyer and seller must ensure that the sale price is at least equal to the guideline value. This ensures compliance with legal requirements and helps prevent undervaluation of properties during transactions.

Frequently asked questions

What is the current guideline value of Sargunam St?

The current guideline value of Sargunam St is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then up to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the land classification of Sargunam St?

Sargunam St is classified as Residential Class II Type - I.

Where is the Avadi Sub Registrar Office located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in Sargunam St?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300.