Guideline Value for S.R Avenue (S.No.562/22A)

S.R Avenue (S.No.562/22A) guideline value

The current guideline value of S.R Avenue (S.No.562/22A) is Rs 1,000 per sq.ft, effective from 1 July 2024. This property is located in Nandhivaram village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of S.R Avenue (S.No.562/22A) has changed

The guideline value for S.R Avenue (S.No.562/22A) has undergone several revisions over the years. In 2012, the guideline value was set at Rs 1,000 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 670 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 1,000 per sq.ft. The 2024 revision has maintained this value, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for S.R Avenue (S.No.562/22A). Overall, from 2012 to 2024, the guideline value has remained at Rs 1,000 per sq.ft.

Guideline values in Nandhivaram

Nandhivaram has a total of 169 streets under the Gooduvancheri SRO, with guideline values for 2024 ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value in the village is Rs 1,500 per sq.ft, placing S.R Avenue (S.No.562/22A) below this median.

• Sree Kuberan Nagar: Rs 2,345 per sq.ft (2024)
• Sowbakkya Nagar: Rs 1,000 per sq.ft (2024)
• Sivamurugan Nagar: Rs 1,000 per sq.ft (2024)
• Siva Avenue: Rs 1,000 per sq.ft (2024)
• Sri Dhulasi Nagar: Rs 1,500 per sq.ft (2024)
• Shri Mahalakshmi Nagar: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in S.R Avenue (S.No.562/22A)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers S.R Avenue (S.No.562/22A)?

The Sub Registrar Office that covers S.R Avenue (S.No.562/22A) is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nandhivaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with 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 based on the property's value.

Frequently asked questions

What is the current guideline value of S.R Avenue (S.No.562/22A)?

The current guideline value of S.R Avenue (S.No.562/22A) is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and remains the same in 2024.

What is the land classification for S.R Avenue (S.No.562/22A)?

The land classification for S.R Avenue (S.No.562/22A) is Residential Class II Type - I.

Which Sub Registrar Office covers Nandhivaram?

The Gooduvancheri Sub Registrar Office covers Nandhivaram, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Nandhivaram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000, leading to a stamp duty of Rs 70,000.