Guideline Value for SHAKTHI SAI AVENUE

Shakthi Sai Avenue guideline value

The current guideline value of Shakthi Sai Avenue is Rs 100 per sq.ft. This street is located in Kalpakkam village, under the Ponneri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Shakthi Sai Avenue has changed

Over the years, the guideline value of Shakthi Sai Avenue has seen several revisions. The earliest recorded figure is from the 2012 revision, which was Rs 100 per sq.ft. In the 2017 revision, the guideline value decreased to Rs 67 per sq.ft, marking a change of -33%. However, by the 2023 revision, it returned to Rs 100 per sq.ft, reflecting a significant increase of 49% from the 2017 figure. The current 2024 revision maintains this value at Rs 100 per sq.ft, showing no change from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for Shakthi Sai Avenue. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 100 per sq.ft.

Guideline values in Kalpakkam

In Kalpakkam, there are 21 streets under the Ponneri SRO that carry a 2024 guideline value, all set at Rs 100 per sq.ft. The median value for these streets is also Rs 100 per sq.ft, placing Shakthi Sai Avenue at this same median level.

• Selva Vinayagar Nagar: Rs 100 per sq.ft (2024)
• Smr Roziya Garden: Rs 100 per sq.ft (2024)
• Sri Bala Jothimurugan Manaipiriuv: Rs 100 per sq.ft (2024)
• Sri Prasad Nagar: Rs 100 per sq.ft (2024)
• R.K. Nagar: Rs 100 per sq.ft (2024)
• Thendral Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Shakthi Sai Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty is charged at 7%, which would be Rs 7,000, and the registration fee at 2%, which is Rs 2,000. Together, the total cost for these fees would be Rs 9,000. 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 Shakthi Sai Avenue?

The Sub Registrar Office that covers Shakthi Sai Avenue is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Kalpakkam. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, which are mandatory costs in the transaction process.

It is essential for buyers and sellers to be aware of the guideline value as it affects the overall cost of property transactions. Ensuring that the transaction is registered at the correct guideline value helps in maintaining transparency and legality in property dealings.

Frequently asked questions

What is the current guideline value of Shakthi Sai Avenue?

The current guideline value of Shakthi Sai Avenue is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then back to Rs 100 per sq.ft in 2023 and remains at this value in 2024.

What is the land classification for Shakthi Sai Avenue?

Shakthi Sai Avenue is classified as Residential Class II Type - I, which indicates its intended use for residential purposes.

Where can I find the Sub Registrar Office for Shakthi Sai Avenue?

The Sub Registrar Office for Shakthi Sai Avenue is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is stamp duty calculated for properties in Kalpakkam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 at a rate of 7%.