Guideline Value for SIGARAM AVENUE

Sigaram Avenue guideline value

The current guideline value of Sigaram Avenue, located in Karasangal village under the Sriperumpudur SRO, is Rs 1,500 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Mixed Special Type - I.

How the guideline value of Sigaram Avenue has changed

The guideline value for Sigaram Avenue has seen several revisions over the years. The most recent revisions show that the value remained unchanged at Rs 1,500 per sq.ft from 2023 to 2024. Prior to that, in the 2017 revision, the guideline value was Rs 1,005 per sq.ft, marking a significant increase of 49% from 2017 to 2023.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Karasangal

In Karasangal village, there are 59 streets under the Sriperumpudur SRO that have a guideline value for 2024, ranging from Rs 100 to Rs 3,550 per sq.ft. The median guideline value in this area is Rs 402 per sq.ft, which means that Sigaram Avenue's guideline value of Rs 1,500 per sq.ft is above the median.

• Sindhu Nagar: Rs 700 per sq.ft (2024)
• Sowntharapandiyan Nagar: Rs 800 per sq.ft (2024)
• Selva Vinayagar Koil Street: Rs 250 per sq.ft (2024)
• RPG Gopika garden: Rs 150 per sq.ft (2024)
• Royal Homes: Rs 400 per sq.ft (2024)
• Rathees City: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Sigaram Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, while the registration fee at 2% would be Rs 30,000. Together, the total cost for these fees would be Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sigaram Avenue?

The Sub Registrar Office that covers Sigaram Avenue is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, 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 Karasangal

The guideline value plays a crucial role in the registration of property transactions in Karasangal. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is legally recognized.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the financial aspects of property transactions. Proper understanding of these values can help in planning the costs involved in buying or selling property in the area.

Frequently asked questions

What is the current guideline value of Sigaram Avenue?

The current guideline value of Sigaram Avenue is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. However, from 2023 to 2024, there was no change, keeping the value at Rs 1,500 per sq.ft.

What is the land classification for Sigaram Avenue?

The land classification for Sigaram Avenue is Mixed Special Type - I, which indicates the type of development permissible in the area.

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

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 and the registration fee would be Rs 30,000, totaling Rs 1,35,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Sigaram Avenue located?

The Sriperumpudur Sub Registrar Office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone, and is responsible for property registrations in the area.