Guideline Value for SREE SASTHA AVENUE

Sree Sastha Avenue guideline value

The current guideline value of Sree Sastha Avenue is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Nayakkankuppam village under the Walajabad SRO, classified as Residential Class I Type - III.

How the guideline value of Sree Sastha Avenue has changed

The guideline value for Sree Sastha Avenue has seen several revisions over the years. In 2012, the value was Rs 150 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 100 per sq.ft. However, from 2017 to 2023, it increased by 50%, bringing it back to Rs 150 per sq.ft. The 2024 revision maintains this figure, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained at Rs 150 per sq.ft, indicating stability in the valuation during this period.

Guideline values in Nayakkankuppam

Nayakkankuppam has 23 streets under the Walajabad SRO, with guideline values ranging from Rs 150 to Rs 403 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, placing Sree Sastha Avenue's 2024 figure below this median.

• Sri Babuji Nagar: Rs 200 per sq.ft (2024)
• Smart City: Rs 150 per sq.ft (2024)
• Sikaram Avenue: Rs 200 per sq.ft (2024)
• Sri Mahalakshmi Nagar: Rs 403 per sq.ft (2024)
• Sri Ragavendira Nagar: Rs 250 per sq.ft (2024)
• Selva Vignesh Nagar: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Sree Sastha Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, while the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sree Sastha Avenue?

The Sub Registrar Office that covers Sree Sastha Avenue is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Nayakkankuppam, the guideline value is utilized to determine the stamp duty and registration fees payable at the time of registration. This ensures that the transaction is in compliance with the regulations set by the Registration Department.

The guideline value serves as a benchmark for property transactions, helping to standardize the valuation process and ensuring that all parties are aware of the official rates applicable in the area.

Frequently asked questions

What is the current guideline value of Sree Sastha Avenue?

The current guideline value of Sree Sastha Avenue is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft from 2012 to 2024, with a drop to Rs 100 per sq.ft in 2017, followed by a return to Rs 150 per sq.ft in 2023.

What is the median guideline value for streets in Nayakkankuppam?

The median guideline value for streets in Nayakkankuppam is Rs 200 per sq.ft, with Sree Sastha Avenue's value being below this median.

What are the stamp duty and registration fees for a property in Sree Sastha Avenue?

For a 1,000 sq.ft plot, the total stamp duty would be Rs 10,500 and the registration fee would be Rs 3,000, totaling Rs 13,500 based on the current guideline value.

Which office handles registrations for Sree Sastha Avenue?

The Walajabad Sub Registrar Office handles registrations for Sree Sastha Avenue, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.