Guideline Value for S.R.K. AVENUE

S.R.K. Avenue guideline value

The current guideline value of S.R.K. Avenue is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in the Sholinganallur - 1 village, under the Neelankarai SRO, and is classified as Residential Class IV Type - I.

How the guideline value of S.R.K. Avenue has changed

The guideline value for S.R.K. Avenue has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,700 per sq.ft, which represents a significant increase from the 2017 revision of Rs 1,005 per sq.ft. This change reflects an increase of 69% over the seven-year period.

There are no figures recorded for the years 2023, 2012, 2007, 2003, and 2002 in the register for S.R.K. Avenue. Therefore, the only available revision figures are from 2017 and 2024.

Guideline values in Sholinganallur - 1

In the Sholinganallur - 1 village, there are a total of 754 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing S.R.K. Avenue's 2024 figure below this median.

• S.R.Rajamanickam Road: Rs 2,200 per sq.ft (2024)
• S.R.Thulukkanam Street: Rs 2,200 per sq.ft (2024)
• Subramani Street (Grama Nedunchalai 1st Cross Street): Rs 2,200 per sq.ft (2024)
• Sugam Garden Avenue: Rs 2,200 per sq.ft (2024)
• Sunrise Avenue: Rs 4,400 per sq.ft (2024)
• Sunshine Avenue: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in S.R.K. Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total cost for these fees to Rs 1,53,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers S.R.K. Avenue?

The Sub Registrar Office that covers S.R.K. Avenue is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value plays a crucial role in the registration process when buying or selling property in Sholinganallur - 1. It is used to determine the stamp duty and registration fees payable, ensuring that these costs are calculated based on the official valuation of the property.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of S.R.K. Avenue?

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

How much has the guideline value changed over the years?

The guideline value increased from Rs 1,005 per sq.ft in 2017 to Rs 1,700 per sq.ft in 2024, representing a 69% increase over this period.

Are there any years without recorded figures for S.R.K. Avenue?

Yes, the register has no figures for S.R.K. Avenue for the years 2023, 2012, 2007, 2003, and 2002.

What is the median guideline value in Sholinganallur - 1?

The median guideline value in Sholinganallur - 1 is Rs 2,200 per sq.ft, which is above the current value of S.R.K. Avenue.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.