Guideline Value for SHANTHI AVENUE

Shanthi Avenue guideline value

The current guideline value of Shanthi Avenue is Rs 448 per sq.ft, effective from 1 July 2024. This street is located in Ponthoor village, under the Sriperumpudur Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - II.

How the guideline value of Shanthi Avenue has changed

The guideline value for Shanthi Avenue has seen several revisions over the years. In the 2017 revision, the value was set at Rs 300 per sq.ft. This figure remained unchanged until the 2023 revision, where it was still Rs 448 per sq.ft. The most recent revision in 2024 also maintains this value at Rs 448 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has increased by 49% as well, reflecting the same value in both 2023 and 2024.

Guideline values in Ponthoor

Ponthoor village has a total of 79 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 2,239 per sq.ft. The median value for these streets is Rs 300 per sq.ft, positioning Shanthi Avenue's 2024 figure above this median.

• Sevvanthipoo Street: Rs 300 per sq.ft (2024)
• Sevvalli Poo Street: Rs 300 per sq.ft (2024)
• Seshadri Nagar: Rs 709 per sq.ft (2024)
• Semparuthi Poo Street: Rs 300 per sq.ft (2024)
• Sivayogam Nagar: Rs 300 per sq.ft (2024)
• Sps Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Shanthi Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 448 per sq.ft, the total guideline value would be Rs 4,48,000. The stamp duty at 7% would amount to Rs 31,360, while the registration fee at 2% would be Rs 8,960, bringing the total to Rs 40,320. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Shanthi Avenue?

The Sub Registrar Office that covers Shanthi Avenue is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when registering a property in Ponthoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is bought or sold, the guideline value is used to calculate the applicable charges, ensuring that both parties are aware of the financial implications of the transaction. This process helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Shanthi Avenue?

The current guideline value of Shanthi Avenue is Rs 448 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Shanthi Avenue was Rs 300 per sq.ft in 2017 and has increased to Rs 448 per sq.ft in both 2023 and 2024, reflecting a 49% increase overall from 2017 to 2024.

What are the guideline values of other streets in Ponthoor?

Other streets in Ponthoor have varying guideline values, with rates ranging from Rs 200 to Rs 2,239 per sq.ft. The median value for these streets is Rs 300 per sq.ft.

What are the stamp duty and registration fees for properties in Shanthi Avenue?

The stamp duty is charged at 7%, and the registration fee is charged at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 40,320.

Where is the Sub Registrar Office for Shanthi Avenue located?

The Sub Registrar Office covering Shanthi Avenue is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.