Guideline Value for Sabari Avenue

Sabari Avenue guideline value

The current guideline value of Sabari Avenue, located in Vengadamangalam village, is Rs 800 per sq.ft as per the 2023 revision. This area falls under the Gooduvancheri SRO and is classified as Residential Special Type - II.

How the guideline value of Sabari Avenue has changed

The guideline value of Sabari Avenue has seen several revisions over the years. In the 2007 revision, the value was set at Rs 200 per sq.ft, which increased significantly to Rs 800 per sq.ft in the 2012 revision, marking a 300% rise. However, this value remained unchanged until the 2017 revision, which saw a decrease to Rs 536 per sq.ft, reflecting a 33% decline. The latest revision in 2023 brought the guideline value back up to Rs 800 per sq.ft, resulting in a 49% increase from the previous figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 300%. It is important to note that the register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Vengadamangalam

Currently, there are no specific village figures provided for Vengadamangalam. Sabari Avenue is the only street mentioned in the context of guideline values under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Sabari Avenue

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. 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 detailed calculations.

Which Sub Registrar Office covers Sabari Avenue?

The Sub Registrar Office that covers Sabari Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

For further assistance, you can find your SRO.

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

The guideline value is an important factor in the registration process when buying or selling property in Vengadamangalam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sabari Avenue?

The current guideline value of Sabari Avenue is Rs 800 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, then decreased to Rs 536 per sq.ft in 2017, and finally returned to Rs 800 per sq.ft in 2023.

What is the land classification for Sabari Avenue?

Sabari Avenue is classified as Residential Special Type - II.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Sabari Avenue?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000, leading to a stamp duty of Rs 56,000.