Guideline Value for Sendhuram Avenue

Sendhuram Avenue guideline value

The current guideline value of Sendhuram Avenue is Rs 1,000 per sq.ft. This street is located in Melakottyur village, under the Gooduvancheri SRO, and is classified as Residential Special Type - III.

How the guideline value of Sendhuram Avenue has changed

In the 2012 revision, the guideline value was set at Rs 1,000 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 670 per sq.ft, marking a decline of 33%. The most recent revision in 2023 saw the guideline value rise to Rs 1,000 per sq.ft again, reflecting a significant increase of 49% from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, there has been no change in the guideline value, maintaining at Rs 1,000 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Melakottyur

Currently, there are no specific village figures available for Melakottyur. Sendhuram Avenue is among the streets governed by the Gooduvancheri SRO.

Stamp duty and registration fee for property in Sendhuram Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. 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 Sendhuram Avenue?

The Sub Registrar Office that covers Sendhuram 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 Melakottyur

The guideline value is a crucial factor during property registration in Melakottyur. It determines the minimum value at which properties 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 referenced to calculate the applicable fees. Buyers must be aware that the duty is charged on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Sendhuram Avenue?

The current guideline value of Sendhuram Avenue is Rs 1,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then returned to Rs 1,000 per sq.ft in 2023. Overall, there has been no change from 2012 to 2023.

What is the stamp duty rate for properties in Sendhuram Avenue?

The stamp duty rate for properties in Sendhuram Avenue is 7% of the guideline value or sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

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

Is there a guideline value for Sendhuram Avenue in 2024?

The register has no figure for Sendhuram Avenue for the year 2024.