Guideline Value for SENDHUR MURUGAN AVENUE

Sendhur Murugan Avenue guideline value

The current guideline value of Sendhur Murugan Avenue is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Thenmalpakkam village under the Chengleput Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of Sendhur Murugan Avenue has changed

The guideline value for Sendhur Murugan Avenue has remained consistent at Rs 300 per sq.ft for the 2023 and 2024 revisions. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017.

From 2023 to 2024, there was no change in the guideline value, with an increase of 0%. The absence of figures in earlier revisions indicates stability in the guideline value for this street over the years.

Guideline values in Thenmalpakkam

In Thenmalpakkam, the guideline values for various streets range from Rs 300 to Rs 1,500 per sq.ft, with a median value of Rs 550 per sq.ft. The guideline value of Sendhur Murugan Avenue is below this median, indicating a lower valuation compared to other streets in the area.

• Sree Sainagar: Rs 350 per sq.ft (2024)
• Sri Ram Nagar: Rs 500 per sq.ft (2024)
• Sri Sathiya Sai Nagar: Rs 550 per sq.ft (2024)
• Vishwa Garden Phase-I: Rs 600 per sq.ft (2024)
• Grace Garden: Rs 550 per sq.ft (2024)
• A.V.R.Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Sendhur Murugan Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value is Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sendhur Murugan Avenue?

The Sub Registrar Office covering Sendhur Murugan Avenue is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a reference used during the registration of property transactions in Thenmalpakkam. It helps determine the stamp duty and registration fees that need to be paid, ensuring compliance with local regulations.

When buying or selling property, the guideline value serves as a baseline for valuation, and it is crucial for both buyers and sellers to be aware of these figures to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sendhur Murugan Avenue?

The current guideline value of Sendhur Murugan Avenue is Rs 300 per sq.ft, effective from 1 July 2024.

Have there been any changes in the guideline value recently?

Yes, the guideline value remained at Rs 300 per sq.ft for both the 2023 and 2024 revisions, with no changes between these years.

What is the land classification for Sendhur Murugan Avenue?

Sendhur Murugan Avenue is classified as Residential Class I Type - I, indicating its designation for residential purposes.

How is stamp duty calculated for properties in Sendhur Murugan Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 300 per sq.ft incurs a total guideline value of Rs 3,00,000, resulting in a stamp duty of Rs 21,000.

Where can I find the Sub Registrar Office for Sendhur Murugan Avenue?

The Sub Registrar Office for Sendhur Murugan Avenue is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.