Guideline Value for SDK AVENUE PHASE II

Sdk Avenue Phase II guideline value

The current guideline value of Sdk Avenue Phase II is Rs 660 per sq.ft, effective from 1 July 2024. This property is located in Mathuranthagam village, under the Madurandakam SRO, and is classified as Residential Special Type - III.

How the guideline value of Sdk Avenue Phase II has changed

The guideline value for Sdk Avenue Phase II has seen several revisions over the years. The earliest recorded figure is from 2012, where it was Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in 2017. The 2023 revision raised the value to Rs 600 per sq.ft, and the most recent revision in 2024 increased it to Rs 660 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. However, the period from 2012 to 2017 saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mathuranthagam

In Mathuranthagam, there are 109 streets under the Madurandakam SRO carrying a 2024 guideline value ranging from Rs 440 to Rs 1,480 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of Sdk Avenue Phase II is below this median.

• Sdk Avenue Phase- I: Rs 660 per sq.ft (2024)
• SELLI AMMAN KOIL STREET (a) SELLI AMMAN CAR STREET: Rs 1,110 per sq.ft (2024)
• Sathanoor Old Street: Rs 660 per sq.ft (2024)
• SELVAVINAYAGAR KOIL STREET (a) VANNIA PILLAYAR KOIL STREET: Rs 1,110 per sq.ft (2024)
• Sathanoor New Street: Rs 660 per sq.ft (2024)
• Sathanoor Mariamman Koil Street: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Sdk Avenue Phase II

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sdk Avenue Phase II?

The Sub Registrar Office covering Sdk Avenue Phase II is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of properties in Mathuranthagam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements.

When registering a property, the guideline value helps to establish a fair assessment for the transaction. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property in the current market.

Frequently asked questions

What is the current guideline value of Sdk Avenue Phase II?

The current guideline value of Sdk Avenue Phase II is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Sdk Avenue Phase II?

Sdk Avenue Phase II is classified as Residential Special Type - III. This classification indicates the type of development allowed in the area.

Where can I find the Sub Registrar Office for Sdk Avenue Phase II?

The Sub Registrar Office for Sdk Avenue Phase II is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Mathuranthagam?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, at the current guideline value of Rs 660 per sq.ft, the total stamp duty and registration fees can be calculated accordingly.