Guideline Value for SM SAI AVENUE

Sm Sai Avenue guideline value

The current guideline value of Sm Sai Avenue in Melakottyur village is Rs 2,389 per sq.ft, as per the 2023 revision. This street falls under the Gooduvancheri Sub Registrar Office and is classified as Residential Class I Type - II.

How the guideline value of Sm Sai Avenue has changed

In the 2017 revision, the guideline value for Sm Sai Avenue was Rs 1,600 per sq.ft. This figure saw an increase of 49% to reach the current guideline value of Rs 2,389 per sq.ft in the 2023 revision.

There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street. Therefore, the only available revisions are from 2017 and 2023.

Guideline values in Melakottyur

Currently, there are no other guideline values provided for streets in Melakottyur. Therefore, Sm Sai Avenue is the only street mentioned in this context.

Stamp duty and registration fee for property in Sm Sai Avenue

For a 1,000 sq.ft plot at the current rate of Rs 2,389 per sq.ft, the guideline value would be Rs 23,89,000. The stamp duty, charged at 7%, would amount to Rs 1,67,230, while the registration fee at 2% would be Rs 47,780. Together, the total cost for stamp duty and registration fee would be Rs 2,15,010. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sm Sai Avenue?

The Gooduvancheri Sub Registrar Office covers Sm Sai Avenue. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is utilized during the registration process of property transactions in Melakottyur. It serves as a basis for calculating stamp duty and registration fees, ensuring that these fees are aligned with the official valuation of the property.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This ensures transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sm Sai Avenue?

The current guideline value of Sm Sai Avenue is Rs 2,389 per sq.ft, as per the 2023 revision.

How much has the guideline value changed recently?

From the 2017 revision to the 2023 revision, the guideline value increased from Rs 1,600 per sq.ft to Rs 2,389 per sq.ft, which is a 49% increase.

Are there guideline values for other revisions?

For Sm Sai Avenue, there are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024. The only revisions with figures are from 2017 and 2023.

What office handles registrations for Sm Sai Avenue?

The Gooduvancheri Sub Registrar Office handles registrations for Sm Sai Avenue, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Sm Sai Avenue?

Stamp duty for properties in Sm Sai Avenue is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 2,15,010.