Guideline Value for Col. Sridhar Street, Chennai 82

Col. Sridhar Street, Chennai 82 guideline value

The current guideline value of Col. Sridhar Street, Chennai 82 is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village under the AnnaNagar SRO, classified as Residential Class II Type - I.

How the guideline value of Col. Sridhar Street, Chennai 82 has changed

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the value was Rs 1,000 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012, marking a 300% rise. However, between 2012 and 2017, the value decreased to Rs 2,680 per sq.ft, a decline of 33%. The value then rose to Rs 4,000 per sq.ft in 2023, representing a 49% increase. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 340%.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, placing Col. Sridhar Street's 2024 figure below the median.

• Chittam Krishnasamy Naidu Lane & Street: Rs 4,400 per sq.ft (2024)
• Chitaranjan Nagar, Chennai 82: Rs 4,400 per sq.ft (2024)
• Chitaranjan Colony, Chennai 82: Rs 4,400 per sq.ft (2024)
• Devarajalu Naidu Lane: Rs 4,900 per sq.ft (2024)
• Devarajalu Naidu Street: Rs 4,900 per sq.ft (2024)
• Chidambaram Mudali Street, Chennai 82: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Col. Sridhar Street, Chennai 82

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Col. Sridhar Street, Chennai 82?

The Sub Registrar Office that covers Col. Sridhar Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Ayanavaram. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the buyer is required to pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Col. Sridhar Street, Chennai 82?

The current guideline value of Col. Sridhar Street, Chennai 82 is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 1,000 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024. Notably, there was a 300% increase from 2007 to 2012, followed by fluctuations in subsequent years.

What is the median guideline value in Ayanavaram?

The median guideline value in Ayanavaram is Rs 4,900 per sq.ft, which is higher than the current value of Col. Sridhar Street.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Where can I find the Sub Registrar Office for Col. Sridhar Street?

The Sub Registrar Office for Col. Sridhar Street is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037. You can find more information by visiting the relevant link.