Guideline Value for SERASA SANGAAMAM AVENUE

Serasa Sangaamam Avenue guideline value

The current guideline value of Serasa Sangaamam Avenue is Rs 2,300 per sq.ft, effective from 1 July 2024. This street is located in Varadarajapuram village, under the Padappai SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Serasa Sangaamam Avenue has changed

The guideline value for Serasa Sangaamam Avenue has seen several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 1,400 per sq.ft. This increased to Rs 2,090 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 set the guideline value at Rs 2,300 per sq.ft, reflecting a further increase of 10% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has risen by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Varadarajapuram

In Varadarajapuram, there are 250 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 4,100 per sq.ft. The median value among these streets is Rs 1,650 per sq.ft, placing Serasa Sangaamam Avenue's 2024 figure above that median.

• Serasa Opel: Rs 2,960 per sq.ft (2024)
• Serasa Furtune Phase-II: Rs 2,860 per sq.ft (2024)
• Serasa Fortune: Rs 2,420 per sq.ft (2024)
• Serasa Destiny Phase-II: Rs 2,860 per sq.ft (2024)
• Serasa Destiny Phase-I: Rs 2,860 per sq.ft (2024)
• Seshadri Nagar: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Serasa Sangaamam Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,300 per sq.ft, the total guideline value would be Rs 23,00,000. The stamp duty at 7% would amount to Rs 1,61,000, and the registration fee at 2% would be Rs 46,000, bringing the total to Rs 2,07,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Serasa Sangaamam Avenue?

The Sub Registrar Office that covers Serasa Sangaamam Avenue is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Varadarajapuram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value is used to ensure that the transaction is recorded accurately and that the appropriate fees are collected. Buyers should be aware that the stamp duty is charged based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of Serasa Sangaamam Avenue?

The current guideline value of Serasa Sangaamam Avenue is Rs 2,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,400 per sq.ft in 2017 to Rs 2,300 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What are the stamp duty rates for property transactions?

Stamp duty for property transactions in this area is charged at 7% of the guideline value or sale price, whichever is higher.

What is the registration fee for properties in Serasa Sangaamam Avenue?

The registration fee for properties in this area is charged at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Serasa Sangaamam Avenue?

The Sub Registrar Office for Serasa Sangaamam Avenue is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.