Guideline Value for Sangeetha Avenue

Sangeetha Avenue guideline value

The current guideline value of Sangeetha Avenue is Rs 1,102 per sq.ft. This street is located in Puzhal village, under the Redhills SRO, and is classified as Residential Class III Type - I.

How the guideline value of Sangeetha Avenue has changed

The guideline value for Sangeetha Avenue has seen significant changes over the years. In 2003, the value was Rs 44 per sq.ft, which increased to Rs 200 per sq.ft in 2007, marking a 355% rise. The value then rose to Rs 700 per sq.ft in 2012, but experienced a decrease of 33% to Rs 469 per sq.ft in 2017. Following this, the value surged to Rs 1,000 per sq.ft in 2023, reflecting a 113% increase. The most recent revision in 2024 set the guideline value at Rs 1,102 per sq.ft, which is a 10% increase from the previous year.

It is important to note that the register has no figure for Sangeetha Avenue for the year 2002. Overall, from 2003 to 2024, the guideline value has increased by 2405%.

Guideline values in Puzhal

In Puzhal, there are 270 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median value is Rs 1,102 per sq.ft, which is also the guideline value for Sangeetha Avenue.

• Sangeetha Nagar: Rs 1,102 per sq.ft (2024)
• Sankaralinganar Cross Street: Rs 1,100 per sq.ft (2024)
• Sankaralinganar Street: Rs 1,100 per sq.ft (2024)
• Santhini Avenue: Rs 1,102 per sq.ft (2024)
• Sakthivel Nagar: Rs 1,100 per sq.ft (2024)
• Sakthivel 3rd Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sangeetha Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,102 per sq.ft, the total guideline value would be Rs 11,02,000. The stamp duty at 7% would amount to Rs 77,140, while the registration fee at 2% would be Rs 22,040, bringing the total charges to Rs 99,180. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sangeetha Avenue?

The Sub Registrar Office that covers Sangeetha Avenue is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is an important factor during the registration of property transactions in Puzhal. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is sold or purchased.

When a buyer or seller engages in a transaction, the guideline value helps ensure that the government receives the appropriate taxes based on the property's value. This is crucial for maintaining transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Sangeetha Avenue?

The current guideline value of Sangeetha Avenue is Rs 1,102 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 44 per sq.ft in 2003 to Rs 1,102 per sq.ft in 2024, reflecting an overall increase of 2405% over the years.

What is the land classification for Sangeetha Avenue?

Sangeetha Avenue is classified as Residential Class III Type - I. This classification is important for determining the appropriate guidelines for property transactions.

Where can I find the Sub Registrar Office for Sangeetha Avenue?

The Sub Registrar Office covering Sangeetha Avenue is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,02,000, the stamp duty would be Rs 77,140 at 7%.