Guideline Value for Sumangali Avenue

Sumangali Avenue guideline value

The current guideline value of Sumangali Avenue is Rs 800 per sq.ft. This street is located in Ponmar village, under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Sumangali Avenue has changed

Looking at the revisions, the guideline value for Sumangali Avenue was Rs 800 per sq.ft in 2012. This value remained the same in the 2023 revision, indicating no overall change from 2012 to 2023. However, between the 2012 and 2017 revisions, the value dropped to Rs 536 per sq.ft, marking a decrease of 33%. The most recent revision in 2023 saw an increase to Rs 800 per sq.ft, representing a 49% rise from the 2017 figure.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street. Therefore, the only available figures for Sumangali Avenue are from the years 2012, 2017, and 2023.

Guideline values in Ponmar

Currently, there are no specific village figures available for Ponmar. Sumangali Avenue is the only street mentioned under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Sumangali Avenue

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value would be Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, together amounting to Rs 72,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sumangali Avenue?

The Sub Registrar Office that covers Sumangali Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Ponmar. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold.

When registering a property, buyers must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and complies with local regulations.

Frequently asked questions

What is the current guideline value of Sumangali Avenue?

The current guideline value of Sumangali Avenue is Rs 800 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

From 2012 to 2017, the guideline value decreased from Rs 800 to Rs 536 per sq.ft. However, it increased back to Rs 800 per sq.ft in the 2023 revision, resulting in no overall change from 2012 to 2023.

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

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000. This is calculated based on the guideline value.

Which SRO covers Sumangali Avenue?

Sumangali Avenue falls under the jurisdiction of the Gooduvancheri Sub Registrar Office, located on Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone.

Are there other streets in Ponmar with guideline values?

Currently, there are no other streets mentioned in Ponmar under the Gooduvancheri SRO, making Sumangali Avenue the only street listed for this area.