Guideline Value for Sudha Avenue Ist Street

Sudha Avenue Ist Street guideline value

The current guideline value of Sudha Avenue Ist Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Sudha Avenue Ist Street has changed

Looking at the revisions over the years, the guideline value for Sudha Avenue Ist Street has seen several changes. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 1,005 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 1,500 per sq.ft. The most recent revision in 2024 has further increased the value to Rs 1,650 per sq.ft, marking a 10% rise from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Chitlapakkam

In Chitlapakkam village, there are 548 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value is Rs 1,650 per sq.ft, which is equal to the current value for Sudha Avenue Ist Street.

• Sudha Avenue 2nd Street: Rs 1,650 per sq.ft (2024)
• Sudha Avenue: Rs 1,650 per sq.ft (2024)
• Sudha Nagar: Rs 4,400 per sq.ft (2024)
• Sudha Nagar Ist Street: Rs 4,400 per sq.ft (2024)
• Sudhananda Bharathi Street: Rs 1,100 per sq.ft (2024)
• Sundaram Avenue: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Sudha Avenue Ist Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, while the registration fee at 2% would be Rs 33,000, bringing the total fees together to Rs 1,48,500. 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 precise calculations.

Which Sub Registrar Office covers Sudha Avenue Ist Street?

The Sub Registrar Office that covers Sudha Avenue Ist Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Chitlapakkam. It is used to determine the stamp duty and registration fees, which are necessary costs to be considered when buying or selling property in this area.

Frequently asked questions

What is the current guideline value of Sudha Avenue Ist Street?

The current guideline value of Sudha Avenue Ist Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What are the other streets with similar guideline values in Chitlapakkam?

Other streets in Chitlapakkam with a guideline value of Rs 1,650 per sq.ft include Sudha Avenue 2nd Street, Sudha Avenue, and Sundaram Avenue, among others.

Where can I find the Sub Registrar Office for Sudha Avenue Ist Street?

The Tambaram Joint 1 Sub Registrar Office covers Sudha Avenue Ist Street and is located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is stamp duty calculated for properties in Chitlapakkam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 at the current rate of 7%.