Guideline Value for S.R.K.AVENUE

S.R.K.Avenue guideline value

The current guideline value of S.R.K.Avenue in Palur-A village, under the Chengleput Joint II SRO, is Rs 400 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

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

The guideline value for S.R.K.Avenue has seen several revisions over the years. The earliest recorded figure is from the 2017 revision at Rs 268 per sq.ft. In the subsequent revisions, the value increased to Rs 400 per sq.ft in both the 2023 and 2024 revisions, showing a significant change of +49% from 2017 to 2023 and remaining unchanged from 2023 to 2024.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The guideline value has remained stable at Rs 400 per sq.ft since 2023, indicating no increase during the latest revision period.

Guideline values in Palur-A

In Palur-A, there are 44 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 600 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value of S.R.K.Avenue aligns with this median.

• Sri Vinay Nagar: Rs 400 per sq.ft (2024)
• Sri Srinivasa Avenue Part-II: Rs 400 per sq.ft (2024)
• Sri Srinivasa Avenue Part-I: Rs 400 per sq.ft (2024)
• Sri Sheshatari Garden Extn-I: Rs 501 per sq.ft (2024)
• Sri Sheshatari Garden: Rs 400 per sq.ft (2024)
• Sri Seshadri Garden Pasupathi Nagar: Rs 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 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty is charged at 7%, resulting in Rs 28,000, while the registration fee is 2%, amounting to Rs 8,000. Thus, the total cost for stamp duty and registration fee together is Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or 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 Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Palur-A. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable during the transaction.

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 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft since the 2023 revision. It increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, marking a +49% change.

What are the stamp duty and registration fees for a property in S.R.K.Avenue?

For a property valued at Rs 4,00,000, the stamp duty is Rs 28,000 at 7%, and the registration fee is Rs 8,000 at 2%. The total for both fees is Rs 36,000.

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

The Chengleput Joint II Sub Registrar Office covers S.R.K.Avenue, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification for S.R.K.Avenue?

S.R.K.Avenue is classified as Residential Special Type - I, which indicates its intended use for residential purposes.