Guideline Value for SDK AVENUE PHASE- I

Sdk Avenue Phase- I guideline value

The current guideline value of Sdk Avenue Phase- I 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- I has changed

The guideline value for Sdk Avenue Phase- I has undergone several revisions over the years. In 2012, the value was Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in 2017, marking a decline of 33%. The value then increased significantly to Rs 600 per sq.ft in 2023, followed by a further increase to Rs 660 per sq.ft in 2024, reflecting a 10% rise from the previous year.

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 with a 2024 guideline value ranging from Rs 440 to Rs 1,480 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, which indicates that the guideline value of Sdk Avenue Phase- I is below this median.

• Sdk Avenue Phase II: 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)
• Sathanoor New Street: Rs 660 per sq.ft (2024)
• Sathanoor Mariamman Koil Street: Rs 660 per sq.ft (2024)
• Sathanoor Kalakkapudur: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Sdk Avenue Phase- I

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 higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sdk Avenue Phase- I?

The Sub Registrar Office covering Sdk Avenue Phase- I 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 further assistance.

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

The guideline value plays a crucial role in property transactions in Mathuranthagam. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is often referenced to establish a baseline for the transaction. This ensures that the correct fees are applied, thereby facilitating a smooth registration process.

Frequently asked questions

What is the current guideline value of Sdk Avenue Phase- I?

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

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 600 per sq.ft in 2012, decreasing to Rs 402 per sq.ft in 2017, and then increasing to Rs 600 per sq.ft in 2023, before reaching Rs 660 per sq.ft in 2024.

What is the land classification for Sdk Avenue Phase- I?

Sdk Avenue Phase- I is classified as Residential Special Type - III, which is important for determining its usage and potential development.

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

The Sub Registrar Office for Sdk Avenue Phase- I 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, whichever is higher. It is typically set at 7%, while the registration fee is 2% of the guideline value.