Guideline Value for SEBASTIAN AVENUE

Sebastian Avenue guideline value

The current guideline value of Sebastian Avenue in Sokandi village is Rs 450 per sq.ft, effective from 1 July 2024. This property falls under the Sunguvarchattram SRO and is classified as Residential Special Type - I.

How the guideline value of Sebastian Avenue has changed

Since the 2017 revision, the guideline value for Sebastian Avenue has remained consistent at Rs 450 per sq.ft. The 2023 revision also recorded the same figure of Rs 450 per sq.ft, and there was no change when moving to the 2024 revision, which also stands at Rs 450 per sq.ft.

For the years prior to 2017, the register has no figure for this street in 2002, 2003, 2007, and 2012. Therefore, the overall change from 2017 to 2024 is +0%.

Guideline values in Sokandi

In Sokandi village, there are 35 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 181 to Rs 1,000 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, making Sebastian Avenue's current figure of Rs 450 per sq.ft above that median.

• Selvapuram: Rs 300 per sq.ft (2024)
• Selvapuram Nagar Ext: Rs 600 per sq.ft (2024)
• Selvapuram Part-I: Rs 300 per sq.ft (2024)
• SelvaPuram Part-II: Rs 300 per sq.ft (2024)
• Sharma Nagar: Rs 250 per sq.ft (2024)
• Sagaya Annai Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Sebastian Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 450 per sq.ft, the total guideline value amounts to Rs 4,50,000. The stamp duty at 7% would be Rs 31,500, and the registration fee at 2% would be Rs 9,000, bringing the total charges to Rs 40,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sebastian Avenue?

The Sub Registrar Office that covers Sebastian Avenue is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial reference point during property transactions in Sokandi. It is used to calculate the stamp duty and registration fees that buyers must pay when registering a property.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately with the appropriate fees. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sebastian Avenue?

The current guideline value of Sebastian Avenue is Rs 450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Sebastian Avenue has remained unchanged at Rs 450 per sq.ft since the 2017 revision through to the 2024 revision.

What is the land classification of Sebastian Avenue?

Sebastian Avenue is classified as Residential Special Type - I, indicating its designation for residential purposes.

What are the stamp duty and registration fees for a property in Sebastian Avenue?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 31,500 and the registration fee would be Rs 9,000, totaling Rs 40,500.

Which office handles registrations for properties in Sokandi?

The Sunguvarchattram Sub Registrar Office handles registrations for properties in Sokandi, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.