Guideline Value for SUNDAR AVENUE

Sundar Avenue guideline value

The current guideline value of Sundar Avenue in Uoonamali village is Rs 200 per sq.ft, effective from 1 July 2024. This street falls under the Madurandakam SRO and is classified as Residential Class I Type - I.

How the guideline value of Sundar Avenue has changed

Looking at the revisions, the guideline value for Sundar Avenue has had several changes over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 200 per sq.ft. The 2017 revision saw a decrease to Rs 134 per sq.ft, marking a -33% change from the previous figure. From 2017 to 2023, there was a significant increase of +49%, bringing it back to Rs 200 per sq.ft.

As of the 2024 revision, the guideline value remains at Rs 200 per sq.ft, reflecting a 0% change from the previous year. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street in the register.

Guideline values in Uoonamali

In Uoonamali, there are 12 streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 701 per sq.ft. The median value among these streets is Rs 200 per sq.ft, which is equal to the guideline value of Sundar Avenue.

• Sri Venkateshwara Nagar Phase-I: Rs 600 per sq.ft (2024)
• Thenral Nagar: Rs 200 per sq.ft (2024)
• Srinivasa Avenue: Rs 200 per sq.ft (2024)
• Vetrivel Nagar: Rs 200 per sq.ft (2024)
• Saravana Nagar: Rs 701 per sq.ft (2024)
• Ram Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Sundar Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sundar Avenue?

The Sub Registrar Office that covers Sundar Avenue is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Uoonamali. It serves as a basis for calculating stamp duty and registration fees, which are mandatory when buying or selling property.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to determine the applicable duties. This ensures that the government receives the correct revenue based on the property's worth as defined by the guideline value.

Frequently asked questions

What is the current guideline value of Sundar Avenue?

The current guideline value of Sundar Avenue is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since 2012, with a decrease to Rs 134 per sq.ft in 2017, followed by an increase back to Rs 200 per sq.ft in 2023.

What is the land classification for Sundar Avenue?

Sundar Avenue is classified as Residential Class I Type - I under the Madurandakam SRO.

What are the other streets in Uoonamali with their guideline values?

Other streets in Uoonamali include Sri Venkateshwara Nagar Phase-I at Rs 600 per sq.ft, Thenral Nagar at Rs 200 per sq.ft, Srinivasa Avenue at Rs 200 per sq.ft, Vetrivel Nagar at Rs 200 per sq.ft, Saravana Nagar at Rs 701 per sq.ft, and Ram Nagar at Rs 200 per sq.ft.

Where is the Madurandakam Sub Registrar Office located?

The Madurandakam Sub Registrar Office is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.