Guideline Value for CHITHRA AVENUE

Chithra Avenue guideline value

The current guideline value of Chithra Avenue is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Perumaleri village, under the Thirukazhukundram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Chithra Avenue has changed

The guideline value for Chithra Avenue has undergone several revisions over the years. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 500 per sq.ft. This value increased by 10% to reach Rs 550 per sq.ft in the 2024 revision.

Prior to the 2023 revision, the register does not provide any figures for Chithra Avenue. The most recent change reflects a notable increase, marking a shift in the valuation of properties in this area.

Guideline values in Perumaleri

In Perumaleri, there are nine streets under the Thirukazhukundram SRO that carry a guideline value for 2024, ranging from Rs 370 to Rs 1,500 per sq.ft. The median value for these streets is Rs 550 per sq.ft, which is equal to the guideline value of Chithra Avenue.

• Temblegarden: Rs 550 per sq.ft (2024)
• Vasanthapuri Extension Alias Vasanthapuri Western Extension Part I: Rs 550 per sq.ft (2024)
• Ziva Apartment: Rs 550 per sq.ft (2024)
• Ziva Hamsadhwani: Rs 555 per sq.ft (2024)
• Ziva Villa: Rs 370 per sq.ft (2024)
• Vanavil Privilege: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Chithra Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty, calculated at 7%, would be Rs 38,500, while the registration fee, charged at 2%, would be Rs 11,000. Together, the total cost for stamp duty and registration fee would be Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Chithra Avenue?

The Sub Registrar Office that covers Chithra Avenue is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the property registration process in Perumaleri. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property. Buyers and sellers should be aware of the current guideline value to ensure they are prepared for the financial obligations associated with the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Chithra Avenue?

The current guideline value of Chithra Avenue is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Chithra Avenue was Rs 500 per sq.ft in 2023, which increased by 10% to Rs 550 per sq.ft in 2024. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017.

What are the other streets in Perumaleri with guideline values?

In Perumaleri, there are several other streets with guideline values for 2024, ranging from Rs 370 to Rs 1,500 per sq.ft. Notably, the median value for these streets is Rs 550 per sq.ft, which aligns with the value of Chithra Avenue.

What are the stamp duty and registration fees for properties in Chithra Avenue?

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500, and the registration fee would be Rs 11,000, totaling Rs 49,500. These fees are calculated based on the higher of the guideline value or the sale price.

Which Sub Registrar Office should I go to for transactions in Chithra Avenue?

The Thirukazhukundram Sub Registrar Office covers transactions for Chithra Avenue. It is located at Thiruchengode - 637 211, Chengalpattu registration zone.