Guideline Value for SOWNDHARYA AVENUE

Sowndharya Avenue guideline value

The current guideline value of Sowndharya Avenue is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Kattoor village under the Thiruporur SRO, classified as Residential Class II Type - I.

How the guideline value of Sowndharya Avenue has changed

The guideline value for Sowndharya Avenue has undergone several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2024 revision. In the 2017 revision, the value was Rs 201 per sq.ft, reflecting a decrease of 33% from the previous figure. The 2023 revision also maintained the value at Rs 300 per sq.ft, showing no change from the 2024 revision.

From 2017 to 2023, there was a significant increase of 49% in the guideline value. Overall, from 2012 to 2024, the guideline value has remained the same at Rs 300 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattoor

Kattoor village has 22 streets under the Thiruporur SRO with a 2024 guideline value ranging from Rs 250 to Rs 1,493 per sq.ft. The median value for these streets is Rs 749 per sq.ft, placing Sowndharya Avenue's guideline value below this median.

• Sri Arumugam Nagar: Rs 602 per sq.ft (2024)
• Sri Ganapathi Nagar: Rs 250 per sq.ft (2024)
• Sri Uthira Vaidhiya Lingeswarar Nagar: Rs 600 per sq.ft (2024)
• Sterling Sundara Pandiam: Rs 602 per sq.ft (2024)
• Sai Garden: Rs 600 per sq.ft (2024)
• Paradise Village Sai Garden: Rs 602 per sq.ft (2024)

Stamp duty and registration fee for property in Sowndharya Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. 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 Sowndharya Avenue?

The Sub Registrar Office that covers Sowndharya 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 Kattoor

The guideline value is a crucial factor during property transactions in Kattoor. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is registered, the guideline value is used to calculate the applicable duties. This ensures that both parties are aware of the financial implications of the transaction, as the duty is charged on the higher of the guideline value or the sale price, whichever is applicable.

Frequently asked questions

What is the current guideline value of Sowndharya Avenue?

The current guideline value of Sowndharya Avenue is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent being Rs 300 per sq.ft in 2024. The value was Rs 201 per sq.ft in 2017 and Rs 300 per sq.ft in 2012, with no figures available for the years 2002, 2003, and 2007.

What is the median guideline value in Kattoor?

The median guideline value for the 22 streets in Kattoor is Rs 749 per sq.ft. Sowndharya Avenue's guideline value is below this median.

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

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000. These fees are based on the guideline value of the property.

Which Sub Registrar Office covers Sowndharya Avenue?

The Thiruporur Sub Registrar Office covers Sowndharya Avenue, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.