Guideline Value for SHAKTHI SAYRAM AVENUE

Shakthi Sayram Avenue guideline value

The current guideline value of Shakthi Sayram Avenue is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Minjur village, under the Ponneri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Shakthi Sayram Avenue has changed

The guideline value for Shakthi Sayram Avenue has undergone several revisions over the years. The oldest recorded revision is from 2017, where the guideline value was Rs 335 per sq.ft. This figure increased to Rs 500 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 550 per sq.ft, which represents a 10% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for Shakthi Sayram Avenue. Overall, from 2017 to the current 2024 revision, the guideline value has increased by 64%.

Guideline values in Minjur

In Minjur, there are 179 streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 1,320 per sq.ft. The median guideline value for these streets is Rs 550 per sq.ft, which is equal to the current guideline value of Shakthi Sayram Avenue.

• Shankaranarayan Layout: Rs 550 per sq.ft (2024)
• Shankaranarayan Main Road: Rs 550 per sq.ft (2024)
• Shanthi Nagar & Ext I&ii: Rs 550 per sq.ft (2024)
• Senthil Nagar: Rs 550 per sq.ft (2024)
• Somanatha Eswar Nagar: Rs 440 per sq.ft (2024)
• Sowbhakiya Nagar: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Shakthi Sayram Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees to Rs 49,500. 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 details.

Which Sub Registrar Office covers Shakthi Sayram Avenue?

The Sub Registrar Office that covers Shakthi Sayram 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 Minjur

The guideline value plays a crucial role during the registration of property transactions in Minjur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly influences the costs associated with property transactions. Accurate knowledge of the guideline value ensures compliance with legal requirements and helps avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of Shakthi Sayram Avenue?

The current guideline value of Shakthi Sayram Avenue is Rs 550 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 335 per sq.ft to Rs 550 per sq.ft in 2024, marking an overall increase of 64%.

What are the stamp duty and registration fees for property in Shakthi Sayram Avenue?

For a 1,000 sq.ft plot, the stamp duty would be Rs 38,500 and the registration fee would be Rs 11,000, totaling Rs 49,500 based on the current guideline value.

Which Sub Registrar Office covers Shakthi Sayram Avenue?

The Ponneri Sub Registrar Office covers Shakthi Sayram Avenue, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What is the land classification for Shakthi Sayram Avenue?

Shakthi Sayram Avenue is classified as Residential Class II Type - I under the current guidelines.