Guideline Value for SKANDHAGURU AVENUE

Skandhaguru Avenue guideline value

The current guideline value of Skandhaguru Avenue is Rs 3,000 per sq.ft, effective from 1 July 2024. This street is located in Kalvai village under the Thiruporur SRO and is classified as Mixed Type - III land.

How the guideline value of Skandhaguru Avenue has changed

The guideline value for Skandhaguru Avenue has undergone significant changes over the years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 1,200 per sq.ft, which increased to Rs 3,000 per sq.ft in the 2024 revision, marking a change of +150%.

This substantial increase reflects the current valuation trends in the area. The 2024 figure of Rs 3,000 per sq.ft is notably higher than the previous year's value of Rs 1,200 per sq.ft.

Guideline values in Kalvai

In Kalvai, there are 31 streets under the Thiruporur SRO that have a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, placing Skandhaguru Avenue's 2024 figure above that median.

• Sk Avenue: Rs 701 per sq.ft (2024)
• S.K Avenue Phase II: Rs 701 per sq.ft (2024)
• Sks-Sekar Square: Rs 1,000 per sq.ft (2024)
• Sri Baba Nagar: Rs 600 per sq.ft (2024)
• Sri Durgha Avenue: Rs 600 per sq.ft (2024)
• Sri Ganesh Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Skandhaguru Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 3,000 per sq.ft, the total guideline value amounts to Rs 30,00,000. The stamp duty charged at 7% would be Rs 2,10,000, and the registration fee at 2% would be Rs 60,000, bringing the total cost for these fees to Rs 2,70,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Skandhaguru Avenue?

The Sub Registrar Office that covers Skandhaguru Avenue is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Kalvai. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold.

When registering a property, the guideline value serves as a reference point to ensure that the transaction is recorded at a value that reflects the current market conditions as per the local regulations.

Frequently asked questions

What is the current guideline value of Skandhaguru Avenue?

The current guideline value of Skandhaguru Avenue is Rs 3,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,200 per sq.ft in 2023 to Rs 3,000 per sq.ft in 2024, representing a +150% increase. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values for other streets in Kalvai?

Other streets in Kalvai have varying guideline values, with rates ranging from Rs 400 to Rs 1,000 per sq.ft in 2024. Skandhaguru Avenue's value is notably higher than the median value of Rs 1,000 per sq.ft.

How is stamp duty calculated for properties in Skandhaguru Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 30,00,000, the stamp duty would be Rs 2,10,000 at 7%.

Where can I find the Sub Registrar Office for Skandhaguru Avenue?

The Sub Registrar Office for Skandhaguru Avenue is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.