Guideline Value for Shanthi Avenue

Shanthi Avenue guideline value

The current guideline value of Shanthi Avenue, located in Maakaanyam village under the Sriperumpudur SRO, is Rs 300 per sq.ft. The land classification for this area is Residential Special Type - I.

How the guideline value of Shanthi Avenue has changed

Looking at the revisions of the guideline value, the earliest figure available for Shanthi Avenue is from 2012, where it was set at Rs 300 per sq.ft. This remained unchanged in the 2017 revision, but prior to that, it had dropped to Rs 201 per sq.ft. The 2023 revision also maintained the value at Rs 300 per sq.ft. The 2024 revision, effective from 1 July 2024, continues this trend with the same figure of Rs 300 per sq.ft.

In terms of percentage changes, there was a significant increase of 49% from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023. However, from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 300 per sq.ft.

Guideline values in Maakaanyam

In Maakaanyam, there are 41 streets under the Sriperumpudur SRO that have a guideline value for 2024, ranging from Rs 100 to Rs 600 per sq.ft. The median value among these streets is Rs 250 per sq.ft, placing Shanthi Avenue's 2024 guideline value above that median.

• Sky home city: Rs 350 per sq.ft (2024)
• Saran Nagar: Rs 110 per sq.ft (2024)
• Sri Balaji Nagar: Rs 300 per sq.ft (2024)
• Sanjeevai Garden: Rs 500 per sq.ft (2024)
• Sri city: Rs 250 per sq.ft (2024)
• Sri Hari balaji nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Shanthi Avenue

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, making the total Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Shanthi Avenue?

The Sub Registrar Office that covers Shanthi Avenue is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process for property transactions in Maakaanyam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is considered to ensure that the transaction is recorded at a fair value. This helps in maintaining transparency and accountability in property dealings within the region.

Frequently asked questions

What is the current guideline value of Shanthi Avenue?

The current guideline value of Shanthi Avenue is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft since 2012, with a notable increase from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023.

What is the land classification for Shanthi Avenue?

The land classification for Shanthi Avenue is Residential Special Type - I, indicating its suitability for residential purposes.

What is the median guideline value in Maakaanyam?

The median guideline value in Maakaanyam is Rs 250 per sq.ft, with Shanthi Avenue's value being above this median.

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

The Sub Registrar Office covering Shanthi Avenue is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.