Guideline Value for Sukra Avenue

Sukra Avenue guideline value

The current guideline value of Sukra Avenue is Rs 401 per sq.ft, effective from 1 July 2024. This street is located in Villiyampakkam village, under the Chengleput Joint II SRO, and is classified as Mixed Special Type - II land.

How the guideline value of Sukra Avenue has changed

Over the years, the guideline value of Sukra Avenue has seen several revisions. The earliest available figure is from 2007, where it was Rs 50 per sq.ft. This increased significantly to Rs 400 per sq.ft in 2012, before dropping to Rs 268 per sq.ft in 2017. The value then rose to Rs 400 per sq.ft in 2023, and finally, it reached Rs 401 per sq.ft in the 2024 revision. The register has no figure for this street in 2002 and 2003.

From 2007 to 2024, the overall change in guideline value is an increase of 702%. Notably, the change from 2012 to 2017 saw a decrease of 33%, while the most significant increase was from 2007 to 2012, which was a remarkable 700%. The value remained stable from 2023 to 2024 with no percentage change.

Guideline values in Villiyampakkam

In Villiyampakkam, there are 17 streets under the Chengleput Joint II SRO that carry a guideline value for 2024, ranging from Rs 401 to Rs 950 per sq.ft, with a median value of Rs 500 per sq.ft. Sukra Avenue's current guideline value is below this median.

• Subhlabh Avenue: Rs 450 per sq.ft (2024)
• Sri Srinivasa Nagar: Rs 450 per sq.ft (2024)
• Sri Durga Nagar: Rs 401 per sq.ft (2024)
• Senthoore Avenue: Rs 500 per sq.ft (2024)
• Vignesh Nagar: Rs 401 per sq.ft (2024)
• Sakthi Veerammal Nagar: Rs 401 per sq.ft (2024)

Stamp duty and registration fee for property in Sukra Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 401 per sq.ft, the total guideline value would be Rs 4,01,000. The stamp duty at 7% would amount to Rs 28,070, and the registration fee at 2% would be Rs 8,020, bringing the total fees to Rs 36,090. 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 precise calculations.

Which Sub Registrar Office covers Sukra Avenue?

The Sub Registrar Office that covers Sukra Avenue is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Villiyampakkam

The guideline value is a crucial factor in property transactions in Villiyampakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official records.

During the registration process, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sukra Avenue?

The current guideline value of Sukra Avenue is Rs 401 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 50 per sq.ft in 2007 to Rs 401 per sq.ft in 2024, showing an overall increase of 702% over the years.

What is the median guideline value in Villiyampakkam?

The median guideline value in Villiyampakkam for 2024 is Rs 500 per sq.ft, with Sukra Avenue's value being below this median.

What are the stamp duty and registration fees for property in Sukra Avenue?

For a 1,000 sq.ft plot at the current guideline value, the total fees would be Rs 36,090, which includes stamp duty and registration fees.

Where is the Sub Registrar Office for Sukra Avenue located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, covering Sukra Avenue.