Guideline Value for Dr. Sri Hari Avenue

Dr. Sri Hari Avenue guideline value

The current guideline value of Dr. Sri Hari Avenue is Rs 1,870 per sq.ft, effective from 1 July 2024. This street is located in Mangadu -A village, under the Kunrathur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Dr. Sri Hari Avenue has changed

The guideline value for Dr. Sri Hari Avenue has seen significant changes over the years. In the 2017 revision, the value was Rs 1,139 per sq.ft, which increased to Rs 1,700 per sq.ft in the 2023 revision, marking a 49% rise. The current 2024 revision shows a further increase to Rs 1,870 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value is Rs 1,870 per sq.ft, which is equal to the guideline value of Dr. Sri Hari Avenue.

• East Kamatchi Nagar: Rs 1,540 per sq.ft (2024)
• Eswar Nagar: Rs 1,540 per sq.ft (2024)
• EVP Sri Ram Nagar: Rs 1,870 per sq.ft (2024)
• CTA Gardan: Rs 1,870 per sq.ft (2024)
• CTA Colony: Rs 1,870 per sq.ft (2024)
• C.S.I. School Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Dr. Sri Hari Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value amounts to Rs 18,70,000. The stamp duty at 7% would be Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, making the total cost for these fees Rs 1,68,300. Please note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Dr. Sri Hari Avenue?

The Sub Registrar Office that covers Dr. Sri Hari Avenue is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value is a crucial factor during the registration process of property transactions in Mangadu -A. It is used to determine the stamp duty and registration fees that need to be paid when a property is sold or purchased.

When registering a property, the guideline value serves as a benchmark, ensuring that the transaction is recorded accurately and that the appropriate fees are collected based on the established rates.

Frequently asked questions

What is the current guideline value of Dr. Sri Hari Avenue?

The current guideline value of Dr. Sri Hari Avenue is Rs 1,870 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 1,139 per sq.ft to Rs 1,870 per sq.ft in 2024, which is an overall increase of 64%.

What are the stamp duty and registration fees for a property on Dr. Sri Hari Avenue?

For a property valued at Rs 18,70,000, the stamp duty would be Rs 1,30,900 and the registration fee would be Rs 37,400, totaling Rs 1,68,300.

Which office handles property registrations for Dr. Sri Hari Avenue?

The Kunrathur Sub Registrar Office handles property registrations for Dr. Sri Hari Avenue, located at No.59, Road Street, Kundrathur, Chennai -600 069.

Are there other streets with similar guideline values in Mangadu -A?

Yes, there are several other streets in Mangadu -A with guideline values similar to Dr. Sri Hari Avenue. For example, EVP Sri Ram Nagar, CTA Gardan, and CTA Colony also have a guideline value of Rs 1,870 per sq.ft in 2024.