Guideline Value for SaraCisilia Avenue

SaraCisilia Avenue guideline value

The current guideline value of SaraCisilia Avenue in Molachoor village is Rs 605 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Class III Type - I.

How the guideline value of SaraCisilia Avenue has changed

The guideline value for SaraCisilia Avenue has seen several revisions over the years. In 2012, the value was Rs 400 per sq.ft, which increased to Rs 402 per sq.ft in 2017, marking a slight rise of 1%. The most significant change occurred between 2017 and 2023, where the value jumped to Rs 600 per sq.ft, a 49% increase. The latest revision in 2024 has set the guideline value at Rs 605 per sq.ft, reflecting a 1% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 51%.

Guideline values in Molachoor

In Molachoor, there are 112 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,000 per sq.ft. The median value among these streets is Rs 600 per sq.ft, placing SaraCisilia Avenue's 2024 figure above that median.

• Santha Nagar Extension: Rs 1,000 per sq.ft (2024)
• Santha Nagar: Rs 600 per sq.ft (2024)
• Sathya Nagar: Rs 605 per sq.ft (2024)
• Sakthi Vinayagar Street: Rs 700 per sq.ft (2024)
• School Street: Rs 600 per sq.ft (2024)
• Sakthi Nagar: Rs 605 per sq.ft (2024)

Stamp duty and registration fee for property in SaraCisilia Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 605 per sq.ft, the total guideline value would be Rs 6,05,000. The stamp duty at 7% would amount to Rs 42,350, and the registration fee at 2% would be Rs 12,100, bringing the total fees together to Rs 54,450. It is crucial to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers SaraCisilia Avenue?

The Sub Registrar Office that covers SaraCisilia Avenue is 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 Molachoor

The guideline value is a critical factor during the registration of property transactions in Molachoor. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial implications of their transaction. This process helps maintain transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of SaraCisilia Avenue?

The current guideline value of SaraCisilia Avenue is Rs 605 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 605 per sq.ft in 2024, reflecting an overall increase of 51% over the period.

What is the land classification for SaraCisilia Avenue?

SaraCisilia Avenue is classified as Residential Class III Type - I under the current guidelines.

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

The Sub Registrar Office for SaraCisilia Avenue is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Molachoor?

The stamp duty for properties in Molachoor is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the fees reflect the true value of the property being registered.