Guideline Value for sai suja avenue

Sai Suja Avenue guideline value

The current guideline value of Sai Suja Avenue is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Nenmeli village under the Chengleput Joint I SRO, and the land classification is Mixed Type - III.

How the guideline value of Sai Suja Avenue has changed

Over the years, the guideline value for Sai Suja Avenue has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 402 per sq.ft. Following this, the 2023 revision brought it back up to Rs 600 per sq.ft, and the current 2024 revision maintains this rate with no change from the previous year.

From 2017 to 2023, there was a significant increase of 49%. However, from 2012 to 2017, the value decreased by 33%. Overall, comparing the 2012 and 2024 revisions, the guideline value has remained constant at Rs 600 per sq.ft.

Guideline values in Nenmeli

Nenmeli village has a total of 53 streets under the Chengleput Joint I SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,500 per sq.ft. The median guideline value in this area is Rs 612 per sq.ft, indicating that Sai Suja Avenue's current value is below this median.

• Sai Thirumala nagar: Rs 600 per sq.ft (2024)
• Sai Saraswathi Nagar: Rs 800 per sq.ft (2024)
• Sai Ram nagar: Rs 550 per sq.ft (2024)
• Sailakshmi Nagar: Rs 600 per sq.ft (2024)
• Sai City: Rs 800 per sq.ft (2024)
• Sameera Garden: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Suja Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, making the total cost for these charges Rs 54,000. 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 detailed calculations.

Which Sub Registrar Office covers Sai Suja Avenue?

The Chengleput Joint I Sub Registrar Office covers Sai Suja Avenue. The office is 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 Nenmeli

The guideline value plays a crucial role in the registration of property transactions in Nenmeli. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government collects appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Sai Suja Avenue?

The current guideline value of Sai Suja Avenue is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft since 2012, with a drop to Rs 402 per sq.ft in 2017 before returning to Rs 600 per sq.ft in 2023 and 2024.

What is the land classification for Sai Suja Avenue?

The land classification for Sai Suja Avenue is Mixed Type - III, which indicates the type of development permissible in the area.

What are the stamp duty rates for properties in Sai Suja Avenue?

The stamp duty for properties in Sai Suja Avenue is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sai Suja Avenue?

The Chengleput Joint I Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details by visiting the appropriate link.