Guideline Value for S.R.S. AVENUE

S.R.S. Avenue guideline value

The current guideline value of S.R.S. Avenue in Melakottyur village, under the Gooduvancheri SRO, is Rs 2,239 per sq.ft, as per the 2023 revision. The land classification for this street is not specified.

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

Looking at the revisions, the guideline value for S.R.S. Avenue remained at Rs 1,500 per sq.ft from the 2012 revision until the 2017 revision. In 2017, the value increased to Rs 1,500 per sq.ft, showing no change during that period. However, from 2017 to the 2023 revision, the guideline value rose significantly to Rs 2,239 per sq.ft, marking an increase of 49%.

Overall, from the 2012 revision to the 2023 revision, the guideline value has increased by 49%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Melakottyur

Currently, there are no specific village figures available for Melakottyur. S.R.S. Avenue is situated within this village, and there are no other streets in Melakottyur under the Gooduvancheri SRO provided in the available data.

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

For a 1,000 sq.ft plot at the current rate of Rs 2,239 per sq.ft, the guideline value amounts to Rs 22,39,000. The stamp duty at 7% would be Rs 1,56,730, and the registration fee at 2% would be Rs 44,780. Together, the total cost for stamp duty and registration fee would be Rs 2,01,510. It is essential to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more calculations, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers S.R.S. Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Melakottyur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential for buyers to be aware of the guideline value to ensure they are paying a fair amount in terms of registration costs.

Frequently asked questions

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

The current guideline value of S.R.S. Avenue is Rs 2,239 per sq.ft, as per the 2023 revision.

How much has the guideline value changed over the years?

The guideline value increased from Rs 1,500 per sq.ft in 2012 to Rs 1,500 per sq.ft in 2017, showing no change during that period. However, it rose to Rs 2,239 per sq.ft in 2023, marking a 49% increase from 2017.

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

For a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 1,56,730, and the registration fee would be Rs 44,780, totaling Rs 2,01,510.

Which office handles the registration for S.R.S. Avenue?

The Gooduvancheri Sub Registrar Office handles the registration for S.R.S. Avenue, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Are there any other streets in Melakottyur with guideline values?

No specific guideline values are provided for other streets in Melakottyur under the Gooduvancheri SRO.