Guideline Value for SERASA VIT AVENUE

Serasa Vit Avenue guideline value

The current guideline value of Serasa Vit Avenue is Rs 2,239 per sq.ft. This street is located in Mambakkam village under the Gooduvancheri SRO, classified as Mixed Type - III land.

How the guideline value of Serasa Vit Avenue has changed

In the 2017 revision, the guideline value was Rs 1,500 per sq.ft. The most recent revision in 2023 increased this to Rs 2,239 per sq.ft, marking a significant rise of 49% over the six-year period.

There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for Serasa Vit Avenue, indicating that the guideline value has only been documented in the 2017 and 2023 revisions.

Guideline values in Mambakkam

Currently, there are no specific village figures available for Mambakkam. Serasa Vit Avenue is one of the streets under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Serasa Vit Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,239 per sq.ft, the total guideline value amounts to Rs 22,39,000. The stamp duty at 7% would be Rs 1,56,730, and the registration fee at 2% would be Rs 44,780, bringing the total charges to Rs 2,01,510. It is important to 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 Serasa Vit Avenue?

The Sub Registrar Office that covers Serasa Vit Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery - 603202, Chengalpattu registration zone.

For more details, you can find your SRO.

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

When buying or selling property in Mambakkam, the guideline value is crucial as it determines the stamp duty and registration fees applicable during the registration process. Buyers must ensure that they are aware of the current guideline value to avoid any discrepancies in the transaction.

The guideline value serves as a benchmark for the value of properties in the area, helping to standardize the costs associated with property registration. It is essential for both buyers and sellers to understand how this value impacts their financial obligations during the purchase or sale of property.

Frequently asked questions

What is the current guideline value of Serasa Vit Avenue?

The current guideline value of Serasa Vit Avenue is Rs 2,239 per sq.ft as per the 2023 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,500 per sq.ft to Rs 2,239 per sq.ft, which is a rise of 49%.

Are there any guideline values for the years 2002, 2003, 2007, and 2012?

No, the register has no figures for Serasa Vit Avenue for the years 2002, 2003, 2007, and 2012.

What is the stamp duty for a property in Serasa Vit Avenue?

The stamp duty for a property in Serasa Vit Avenue is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Gooduvancheri Sub Registrar Office?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery - 603202, Chengalpattu registration zone.