Guideline Value for SIDDARTH AVENUE

Siddarth Avenue guideline value

The current guideline value of Siddarth Avenue in Bunrutti A village is Rs 400 per sq.ft, effective from 1 July 2024. This property falls under the Walajabad SRO and is classified as Residential Class I Type - II.

How the guideline value of Siddarth Avenue has changed

Since the 2017 revision, the guideline value for Siddarth Avenue has increased from Rs 268 per sq.ft to Rs 400 per sq.ft in the 2024 revision, marking a total increase of 49%. The 2023 revision also recorded a guideline value of Rs 400 per sq.ft, indicating no change from the previous year.

The register has no figures for the years 2002, 2003, 2007, and 2012. The significant change from 2017 to 2023 was a 49% increase, and the overall change from 2017 to 2024 also stands at 49%.

Guideline values in Bunrutti A

In Bunrutti A, there are 10 streets under the Walajabad SRO that have a 2024 guideline value ranging from Rs 400 to Rs 1,200 per sq.ft, with a median value of Rs 425 per sq.ft. Siddarth Avenue's guideline value is below this median.

• Sri Chakra Gardens Farm Land: Rs 500 per sq.ft (2024)
• Sri Devi Karumari Amman Nagar: Rs 450 per sq.ft (2024)
• Sri Ponni Farm Garden: Rs 500 per sq.ft (2024)
• Phoenix City: Rs 1,200 per sq.ft (2024)
• Unnamed Layout S.No:645/2a,2b,2c,2a1: Rs 400 per sq.ft (2024)
• Un Named Layout Survey No:446/1,7,10: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Siddarth Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, making the total cost for these fees Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Siddarth Avenue?

The Sub Registrar Office that covers Siddarth Avenue is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a critical factor during the registration of property transactions in Bunrutti A. It serves as the basis for calculating stamp duty and registration fees, which are mandatory for property transfers.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is essential to refer to the current guideline value to understand the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Siddarth Avenue?

The current guideline value of Siddarth Avenue is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2024, reflecting a total increase of 49%. The value remained the same at Rs 400 per sq.ft from 2023 to 2024.

What is the median guideline value in Bunrutti A?

The median guideline value in Bunrutti A is Rs 425 per sq.ft for the year 2024. Siddarth Avenue's guideline value is below this median.

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

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000, and the registration fee would be Rs 8,000, totaling Rs 36,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Walajabad Sub Registrar Office located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. This office handles registrations for properties in Siddarth Avenue.