Guideline Value for DNH SRI MAHESWARI AVENUE

Dnh Sri Maheswari Avenue guideline value

The current guideline value of Dnh Sri Maheswari Avenue is Rs 352 per sq.ft, effective from 1 July 2024. This avenue is located in Agaram village under the Sunguvarchattram SRO, classified as Mixed Type - III land.

How the guideline value of Dnh Sri Maheswari Avenue has changed

Since the 2012 revision, the guideline value for Dnh Sri Maheswari Avenue has seen various changes. The 2012 revision set the value at Rs 350 per sq.ft, which was a decrease of 33% from Rs 234 per sq.ft in the 2017 revision. The 2017 revision then increased the value significantly to Rs 350 per sq.ft in 2023, followed by a slight increase to Rs 352 per sq.ft in the 2024 revision, marking a 1% rise.

In summary, from 2012 to 2024, the overall change has been a modest increase of 1%. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street in the register.

Guideline values in Agaram

Agaram village features a range of guideline values, with 10 streets under the Sunguvarchattram SRO carrying a 2024 figure between Rs 102 and Rs 374 per sq.ft. The median guideline value for these streets is Rs 126 per sq.ft, placing Dnh Sri Maheswari Avenue's 2024 figure above this median.

• Eden Garden Farm Land: Rs 102 per sq.ft (2024)
• Gangaiamman Kovil Street: Rs 102 per sq.ft (2024)
• Annai Parasakthi Nagar: Rs 150 per sq.ft (2024)
• Aikon City: Rs 150 per sq.ft (2024)
• Agaram Colony: Rs 102 per sq.ft (2024)
• Mettu Street: Rs 102 per sq.ft (2024)

Stamp duty and registration fee for property in Dnh Sri Maheswari Avenue

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 3,52,000. The stamp duty at 7% would be Rs 24,640, and the registration fee at 2% would be Rs 7,040, totaling Rs 31,680. It is important to note that 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 details.

Which Sub Registrar Office covers Dnh Sri Maheswari Avenue?

The Sub Registrar Office that covers Dnh Sri Maheswari Avenue is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Agaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process.

When a property is bought or sold, the guideline value helps ensure that the transaction is recorded accurately and fairly. This value is used to calculate the taxes owed, making it an essential part of the property transfer process.

Frequently asked questions

What is the current guideline value of Dnh Sri Maheswari Avenue?

The current guideline value of Dnh Sri Maheswari Avenue is Rs 352 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2012 to Rs 352 per sq.ft in 2024, with notable changes in between, including a 50% increase from Rs 234 per sq.ft in 2017 to Rs 350 per sq.ft in 2023.

What is the land classification for Dnh Sri Maheswari Avenue?

Dnh Sri Maheswari Avenue is classified as Mixed Type - III land, which is important for understanding its usage and potential development.

Where can I find the Sub Registrar Office for Dnh Sri Maheswari Avenue?

The Sub Registrar Office for Dnh Sri Maheswari Avenue is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Agaram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fee can amount to Rs 31,680.