Guideline Value for Sai Avenue

Sai Avenue guideline value

The current guideline value of Sai Avenue in Mannivakkam village is Rs 1,320 per sq.ft, effective from 1 July 2024. This area falls under the Gooduvancheri SRO and is classified as Residential Special Type - III.

How the guideline value of Sai Avenue has changed

In the 2012 revision, the guideline value was Rs 1,200 per sq.ft. This figure remained the same until the 2017 revision, where it dropped to Rs 804 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 1,200 per sq.ft in the 2023 revision, and further rose to Rs 1,320 per sq.ft in the 2024 revision, showing a 10% increase.

From the 2017 revision to the 2023 revision, there was a substantial increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mannivakkam

In Mannivakkam, there are 118 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 4,300 per sq.ft, with a median value of Rs 1,215 per sq.ft. Sai Avenue's 2024 guideline value is above this median.

• Ram Nagar Extn: Rs 1,325 per sq.ft (2024)
• Ram Nagar: Rs 1,320 per sq.ft (2024)
• Ramakrishna Salai: Rs 1,540 per sq.ft (2024)
• Ramakrishna Nagar: Rs 1,110 per sq.ft (2024)
• Rajiv Street: Rs 1,100 per sq.ft (2024)
• Rajathi Kalaigar Nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, resulting in a total of Rs 1,18,800. 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 more details.

Which Sub Registrar Office covers Sai Avenue?

The Sai Avenue area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is crucial during property transactions in Mannivakkam as it determines the stamp duty and registration fees payable at the time of registration. Buyers and sellers must refer to the current guideline value to understand the financial implications of their property transactions.

When registering a property, the guideline value serves as a benchmark for assessing the sale price. It ensures that the government receives appropriate revenue from property transactions, thereby maintaining transparency in the real estate market.

Frequently asked questions

What is the current guideline value of Sai Avenue?

The current guideline value of Sai Avenue is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then rising to Rs 1,200 per sq.ft in 2023, and finally reaching Rs 1,320 per sq.ft in 2024.

What is the land classification of Sai Avenue?

Sai Avenue is classified as Residential Special Type - III under the guideline value register.

Where can I find the Gooduvancheri Sub Registrar Office?

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

How do I calculate stamp duty and registration fees for property in Sai Avenue?

To calculate stamp duty and registration fees, refer to the current guideline value. You can use the stamp duty and registration fee calculator for accurate calculations based on the property size and guideline value.