Guideline Value for S.R.M. GARDEN

S.R.M. Garden guideline value

The current guideline value of S.R.M. Garden in Paruthipattu village, under the Avadi SRO, is Rs 950 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of S.R.M. Garden has changed

The guideline value for S.R.M. Garden has seen several revisions over the years. The 2007 revision set the value at Rs 350 per sq.ft, which increased to Rs 900 per sq.ft in 2012. However, there was a decrease to Rs 603 per sq.ft in the 2017 revision. Following that, the value rose significantly to Rs 900 per sq.ft in 2023, and it has now reached Rs 950 per sq.ft in the 2024 revision. The register has no figure for this street in 2002 and 2003.

From the 2012 revision to 2017, the guideline value decreased by 33%. However, it increased by 49% from 2017 to 2023. The change from 2023 to 2024 reflects a 6% increase. Overall, from 2007 to 2024, the guideline value has increased by 171%.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft, with a median value of Rs 1,625 per sq.ft. The guideline value of S.R.M. Garden is below this median.

• Sri Vignesh Nagar: Rs 950 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 950 per sq.ft (2024)
• Station Road: Rs 1,625 per sq.ft (2024)
• Sri Sudharsanam Nagar Phase - II: Rs 1,925 per sq.ft (2024)
• Sri Sudarsanam Nagar Phase III: Rs 2,210 per sq.ft (2024)
• Sri Sudarsanam Nagar: Rs 1,925 per sq.ft (2024)

Stamp duty and registration fee for property in S.R.M. Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value amounts to Rs 9,50,000. The stamp duty at 7% would be Rs 66,500, and the registration fee at 2% would be Rs 19,000, resulting in a total of Rs 85,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers S.R.M. Garden?

The S.R.M. Garden area is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is crucial during property transactions in Paruthipattu, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value for calculating applicable duties and fees during the registration process.

When you buy or sell property, the guideline value influences the stamp duty and registration fees payable. It ensures that the transaction is recorded accurately and transparently, reflecting the official value set by the authorities.

Frequently asked questions

What is the current guideline value of S.R.M. Garden?

The current guideline value of S.R.M. Garden is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2007 to Rs 950 per sq.ft in 2024, reflecting an overall increase of 171% over the years.

What is the land classification for S.R.M. Garden?

S.R.M. Garden is classified as Residential Class II Type - I under the guideline value register.

What are the other streets with the same guideline value in Paruthipattu?

Other streets in Paruthipattu with the same guideline value of Rs 950 per sq.ft include Sri Vignesh Nagar and Sri Venkateswara Nagar.

Where is the Avadi Sub Registrar Office located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.