Guideline Value for Sebastian Avenue

Sebastian Avenue guideline value

The current guideline value of Sebastian Avenue, located in Thirupanthiyoor village, is Rs 200 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class IV Type - I land classification. The street is registered with the Sunguvarchattram SRO.

How the guideline value of Sebastian Avenue has changed

Over the years, the guideline value of Sebastian Avenue has seen several revisions. The earliest recorded figure is from 2007, where it was Rs 200 per sq.ft. This remained unchanged until the 2012 revision, which also recorded the value at Rs 200 per sq.ft. In 2017, a significant change occurred, with the guideline value dropping to Rs 134 per sq.ft, marking a decrease of 33%. However, this was followed by an increase in the 2023 revision, where the value returned to Rs 200 per sq.ft, and it remained the same in the 2024 revision, showing no change from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, comparing the 2007 revision to the 2024 revision, the guideline value has not changed, remaining at Rs 200 per sq.ft throughout this period. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Thirupanthiyoor

In Thirupanthiyoor, there are 53 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 900 per sq.ft. The median value for these streets is Rs 350 per sq.ft, placing Sebastian Avenue's current guideline value below this median.

• Saveriayar Street: Rs 350 per sq.ft (2024)
• SelvaGanapathy Nagar: Rs 350 per sq.ft (2024)
• Sirumalar street: Rs 350 per sq.ft (2024)
• Sagayamatha street: Rs 350 per sq.ft (2024)
• Royal City: Rs 700 per sq.ft (2024)
• Punitha Annal street: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Sebastian Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty is charged at 7%, resulting in Rs 14,000, while the registration fee is charged at 2%, amounting to Rs 4,000. Therefore, the total fees together would be Rs 18,000. 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 precise calculations.

Which Sub Registrar Office covers Sebastian Avenue?

The Sub Registrar Office that covers Sebastian Avenue is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process of property transactions in Thirupanthiyoor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is assessed alongside the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Sebastian Avenue?

The current guideline value of Sebastian Avenue is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since 2007, with a notable drop to Rs 134 per sq.ft in 2017, followed by a return to Rs 200 per sq.ft in 2023 and 2024.

What are the other streets in Thirupanthiyoor and their guideline values?

Other streets in Thirupanthiyoor include Saveriayar Street, SelvaGanapathy Nagar, Sirumalar street, Sagayamatha street, Royal City, and Punitha Annal street, with values ranging from Rs 350 to Rs 700 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Sebastian Avenue?

For a property valued at Rs 2,00,000, the stamp duty is Rs 14,000 and the registration fee is Rs 4,000, totaling Rs 18,000. These fees are based on the higher of the guideline value or the sale price.

Which office handles the registration for Sebastian Avenue?

The registration for Sebastian Avenue is handled by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.