Guideline Value for Sathyapriya Avenue

Sathyapriya Avenue guideline value

The current guideline value of Sathyapriya Avenue in Adhanoor village is Rs 1,000 per sq.ft, effective from the 2024 revision starting 1 July 2024. This street falls under the Gooduvancheri SRO and is classified as Residential Special Type - I.

How the guideline value of Sathyapriya Avenue has changed

Looking at the revisions, the guideline value for Sathyapriya Avenue has seen various changes over the years. In 2007, the value was Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% rise. However, it dropped to Rs 670 per sq.ft in 2017, a decrease of 33%. From 2017 to 2023, the value increased by 49%, bringing it back to Rs 1,000 per sq.ft, where it remained in the 2023 revision. The 2024 revision maintains this value, showing no change from 2023.

For the years 2002 and 2003, the register has no figure for this street. Overall, from 2007 to 2024, the guideline value has increased by 400%, reflecting the fluctuations in previous years.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 670 to Rs 3,000 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, which is equal to the guideline value of Sathyapriya Avenue.

• Sathyapriya Nagar Part-I,II,III: Rs 1,000 per sq.ft (2024)
• Sathya Sai Nagar: Rs 1,000 per sq.ft (2024)
• Saraswathi Avenue: Rs 1,000 per sq.ft (2024)
• Selva Vinayagar Nagar: Rs 1,000 per sq.ft (2024)
• Senthil Nagar: Rs 1,000 per sq.ft (2024)
• Shalini Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sathyapriya Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000. Therefore, the total cost for these fees would be Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sathyapriya Avenue?

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

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

The guideline value plays a crucial role in the registration process of property transactions in Adhanoor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal ownership transfer. This ensures transparency and compliance with the local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Sathyapriya Avenue?

The current guideline value of Sathyapriya Avenue is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and returned to Rs 1,000 per sq.ft in 2023 and 2024.

What is the land classification of Sathyapriya Avenue?

Sathyapriya Avenue is classified as Residential Special Type - I, indicating its suitability for residential purposes.

Where can I find the registration office for Sathyapriya Avenue?

The registration office for Sathyapriya Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Sathyapriya Avenue?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 at a rate of 7%.