Guideline Value for Roni Avenue

Roni Avenue guideline value

The current guideline value of Roni Avenue is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village, under the Sriperumpudur SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Roni Avenue has changed

The guideline value for Roni Avenue has seen several revisions over the years. The 2017 revision set the value at Rs 469 per sq.ft, which remained unchanged until the 2023 revision, where it was still Rs 700 per sq.ft. The most recent revision in 2024 also retains this value of Rs 700 per sq.ft, indicating no change from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%. The revisions for the years 2002, 2003, 2007, and 2012 do not have any figures recorded for Roni Avenue in the register.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, which is equal to the current value for Roni Avenue.

• Rotarypuram: Rs 400 per sq.ft (2024)
• Reddy Street Extn: Rs 1,100 per sq.ft (2024)
• Reddy Street: Rs 1,000 per sq.ft (2024)
• Reddy Lane: Rs 1,100 per sq.ft (2024)
• Ranka Nagar: Rs 1,000 per sq.ft (2024)
• Sai Garden: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Roni Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty, charged at 7%, would be Rs 49,000, while the registration fee at 2% would be Rs 14,000. Together, the total cost for these fees would be Rs 63,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Roni Avenue?

The Sub Registrar Office that covers Roni Avenue is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Sriperumbudur A. When registering a property, the guideline value is used to determine the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the official valuation of the property being transferred.

It is essential for buyers and sellers to understand that the guideline value is a reference point set by the government, which is used to assess the financial obligations associated with property transactions. This helps maintain transparency and standardization in the real estate market.

Frequently asked questions

What is the current guideline value of Roni Avenue?

The current guideline value of Roni Avenue is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Roni Avenue has changed from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in both 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

What is the land classification for Roni Avenue?

Roni Avenue is classified as Residential Class III Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Roni Avenue?

The Sub Registrar Office for Roni Avenue is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Roni Avenue?

Stamp duty for properties in Roni Avenue is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.