Guideline Value for Sai Avenue

Sai Avenue guideline value

The current guideline value of Sai Avenue, located in Perungalathur village under the Padappai SRO, is Rs 1,980 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of Sai Avenue has changed

The guideline value for Sai Avenue has undergone several revisions over the years. In 2012, the value was set at Rs 1,800 per sq.ft, which then decreased to Rs 1,206 per sq.ft in 2017. Following this, the value significantly increased to Rs 1,800 per sq.ft in 2023, and then rose again to Rs 1,980 per sq.ft in the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 shows a modest increase of 10%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft, with a median value of Rs 2,310 per sq.ft. The guideline value of Sai Avenue is below this median.

• Sadagopan Nagar: Rs 2,310 per sq.ft (2024)
• Saint Johns School Street: Rs 2,640 per sq.ft (2024)
• Sai Raghava Nagar: Rs 2,640 per sq.ft (2024)
• Rukmani Street: Rs 1,980 per sq.ft (2024)
• Ruby's Shoba Castle: Rs 3,740 per sq.ft (2024)
• Ruby Builders: Rs 2,640 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 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, resulting in a total of Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sai Avenue?

Sai Avenue falls under the jurisdiction of the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration of property transactions in Perungalathur. It serves as the minimum value for which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to refer to the current guideline value to understand the financial implications of the transaction. This value is used to calculate the applicable stamp duty and registration fees, which are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Sai Avenue?

The current guideline value of Sai Avenue is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions: Rs 1,800 per sq.ft in 2012, Rs 1,206 per sq.ft in 2017, Rs 1,800 per sq.ft in 2023, and Rs 1,980 per sq.ft in 2024.

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

For a 1,000 sq.ft plot at the guideline value of Rs 1,980 per sq.ft, the total guideline value is Rs 19,80,000, with stamp duty at Rs 1,38,600 and registration fees at Rs 39,600, totaling Rs 1,78,200.

Which office handles registrations for Sai Avenue?

The Padappai Sub Registrar Office handles registrations for Sai Avenue, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and the prevailing market conditions in the area.