Guideline Value for Sakthi Avenue

Sakthi Avenue guideline value

The current guideline value of Sakthi Avenue in Madambakkam village is Rs 1,200 per sq.ft, effective from the 2024 revision. This area falls under the Gooduvancheri SRO and is classified as Commercial Special Type - I.

How the guideline value of Sakthi Avenue has changed

The guideline value for Sakthi Avenue has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 804 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49%, returning to Rs 1,200 per sq.ft. The 2024 revision has kept this figure consistent, showing a change of 0% from 2023.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 1,200 per sq.ft.

Guideline values in Madambakkam

In Madambakkam, there are 110 streets under the Gooduvancheri SRO, with 2024 guideline values ranging from Rs 800 to Rs 2,000 per sq.ft. The median value for these streets is Rs 1,200 per sq.ft, which is the same as the guideline value for Sakthi Avenue.

• Sai Avenue: Rs 1,201 per sq.ft (2024)
• Sadasiva Nagar Extn-I,II: Rs 1,200 per sq.ft (2024)
• Sadasiva Nagar: Rs 1,200 per sq.ft (2024)
• Santhosh Nagar: Rs 1,200 per sq.ft (2024)
• Saraswathi Garden: Rs 1,200 per sq.ft (2024)
• Sarvamangala Avenue: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sakthi Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, while the registration fee at 2% would be Rs 24,000, bringing the total cost to Rs 1,08,000. 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 Sakthi Avenue?

The Sub Registrar Office that covers Sakthi Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Madambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When registering a property, the guideline value is used to calculate the stamp duty, ensuring that the fees are aligned with the official valuation of the property. This helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Sakthi Avenue?

The current guideline value of Sakthi Avenue is Rs 1,200 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,200 per sq.ft since 2012, with a drop to Rs 804 per sq.ft in 2017, before returning to Rs 1,200 per sq.ft in 2023 and 2024.

What is the land classification of Sakthi Avenue?

Sakthi Avenue is classified as Commercial Special Type - I, indicating its suitability for commercial activities.

Where is the Gooduvancheri Sub Registrar Office located?

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

How is the stamp duty calculated for properties in Sakthi Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 12,00,000 would incur a stamp duty of Rs 84,000 at 7%.