Guideline Value for Susee Avenue

Susee Avenue guideline value

The current guideline value of Susee Avenue in Karanaipuducheri village is Rs 1,000 per sq.ft, effective from the 2024 revision. This property falls under the jurisdiction of the Gooduvancheri SRO and is classified as Residential Special Type - III.

How the guideline value of Susee Avenue has changed

Over the years, the guideline value for Susee Avenue has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 670 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49% back to Rs 1,000 per sq.ft. The most recent 2024 revision has maintained this value at Rs 1,000 per sq.ft, reflecting no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Susee Avenue. This means that the guideline value has remained consistent at Rs 1,000 per sq.ft since the 2012 revision, with fluctuations occurring in the years leading up to 2023.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO with guideline values ranging from Rs 400 to Rs 2,239 per sq.ft as per the 2024 revision. The median value for these streets is Rs 802 per sq.ft, placing Susee Avenue's 2024 figure above this median.

• Survey Number 3.4,6 All Subdivision: Rs 701 per sq.ft (2024)
• Sundaram Garden: Rs 1,642 per sq.ft (2024)
• Teacher's DJM City: Rs 1,200 per sq.ft (2024)
• Subramaniyapuram: Rs 400 per sq.ft (2024)
• Subasri Nagar: Rs 1,200 per sq.ft (2024)
• Sri Vasudeva Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Susee 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 charges to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Susee Avenue?

The Susee Avenue property falls under the jurisdiction of 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 Karanaipuducheri

When buying or selling property in Karanaipuducheri, the guideline value is used as a reference for calculating the stamp duty and registration fees. This value is essential for ensuring that the correct fees are paid during the registration process.

The guideline value helps to standardize property transactions and provides a basis for both buyers and sellers to understand the financial implications of their property dealings. It is crucial to consult the latest figures to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Susee Avenue?

The current guideline value of Susee Avenue is Rs 1,000 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,000 per sq.ft since the 2012 revision, with a drop to Rs 670 per sq.ft in 2017 and an increase back to Rs 1,000 per sq.ft in 2023.

What is the land classification for Susee Avenue?

Susee Avenue is classified as Residential Special Type - III, indicating its designated use for residential purposes.

Where is the Gooduvancheri Sub Registrar Office located?

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

How is the stamp duty calculated for properties in Susee Avenue?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at Rs 1,000 per sq.ft, the total stamp duty would be Rs 70,000.