Guideline Value for Saranya Avenu

Saranya Avenu guideline value

The current guideline value of Saranya Avenu in Rathinamangalam village is Rs 700 per sq.ft, as per the 2023 revision. This area falls under the Gooduvancheri SRO and is classified as Residential Class II Type - I.

How the guideline value of Saranya Avenu has changed

The guideline value for Saranya Avenu has seen several revisions over the years. In the 2012 revision, the value was set at Rs 700 per sq.ft. However, in the 2017 revision, it dropped to Rs 469 per sq.ft, marking a decrease of 33%. The most recent revision in 2023 saw the guideline value rise to Rs 700 per sq.ft again, resulting in an increase of 49% from the 2017 figure.

Overall, comparing the 2012 and 2023 revisions, there has been no change in the guideline value, remaining at Rs 700 per sq.ft. It is important to note that the register has no figures for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Rathinamangalam

Currently, there are no specific village figures available for Rathinamangalam. Saranya Avenu is the only street mentioned under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Saranya Avenu

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total cost for these fees to Rs 63,000. It is important to 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 Saranya Avenu?

The Saranya Avenu area is covered by 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 further assistance.

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

The guideline value is a crucial factor when buying or selling property in Rathinamangalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher amount will be used for calculating the applicable fees.

When registering a property, it is essential to consider the guideline value to ensure compliance with local regulations. This value is determined by the Registration Department and is updated periodically to reflect changes in the real estate market.

Frequently asked questions

What is the current guideline value of Saranya Avenu?

The current guideline value of Saranya Avenu is Rs 700 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, and then back to Rs 700 per sq.ft in 2023. This reflects a 49% increase from the 2017 figure.

What are the stamp duty and registration fees for property in Saranya Avenu?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 49,000, and the registration fee would be Rs 14,000, totaling Rs 63,000. These fees are based on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers Saranya Avenu?

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

Are there any other streets in Rathinamangalam with guideline values?

Currently, there are no other streets in Rathinamangalam listed under the Gooduvancheri SRO with specific guideline values. Saranya Avenu is the only street mentioned.