Guideline Value for Sai Avenue

Sai Avenue guideline value

The current guideline value of Sai Avenue in Koozhangacheri village is Rs 250 per sq.ft, effective from 1 July 2024. This property falls under the Sunguvarchattram SRO and is classified as Residential Class I Type - I.

How the guideline value of Sai Avenue has changed

The guideline value for Sai Avenue has seen several revisions over the years. In 2007, the value was Rs 20 per sq.ft, which increased significantly to Rs 250 per sq.ft in 2012. However, it dropped to Rs 167 per sq.ft in 2017. The 2023 revision maintained the value at Rs 250 per sq.ft, and the same value was retained in the 2024 revision, showing no change from the previous year.

From 2007 to 2012, there was a remarkable increase of 1150%. Following this, the value decreased by 33% from 2012 to 2017. The increase from 2017 to 2023 was 50%, and overall, from 2007 to 2024, the guideline value has increased by 1150%.

Guideline values in Koozhangacheri

Koozhangacheri village has 47 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,200 per sq.ft. The median value for these streets is Rs 226 per sq.ft, placing Sai Avenue's 2024 figure above that median.

• Sangamithira Nagar: Rs 250 per sq.ft (2024)
• Rathinapuri: Rs 226 per sq.ft (2024)
• Rajiv Gandhi Nagar: Rs 226 per sq.ft (2024)
• SriAlamelu Mangapuram: Rs 250 per sq.ft (2024)
• Sri Ambal Nagar: Rs 300 per sq.ft (2024)
• SriBalaji Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Avenue

For a 1,000 sq.ft plot at the current rate of Rs 250 per sq.ft, the guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. 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 Sai Avenue?

The Sai Avenue property is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Koozhangacheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair value of the property. It is essential for buyers to be aware of the guideline value to ensure they are paying a fair price and to calculate the associated costs accurately.

Frequently asked questions

What is the current guideline value of Sai Avenue?

The current guideline value of Sai Avenue is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 20 per sq.ft in 2007 to Rs 250 per sq.ft in 2012, then decreased to Rs 167 per sq.ft in 2017, and remained at Rs 250 per sq.ft in both 2023 and 2024.

What is the median guideline value in Koozhangacheri?

The median guideline value in Koozhangacheri is Rs 226 per sq.ft, with Sai Avenue's value being above this median.

What are the stamp duty and registration fees for Sai Avenue?

The stamp duty for a 1,000 sq.ft plot at the guideline value of Rs 2,50,000 is Rs 17,500, and the registration fee is Rs 5,000, totaling Rs 22,500.

Which office handles property registrations for Sai Avenue?

The Sunguvarchattram Sub Registrar Office handles property registrations for Sai Avenue, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.