Guideline Value for SERENE AVENUE

Serene Avenue guideline value

The current guideline value of Serene Avenue is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Moolacheri village under the Pallavaram SRO, classified as Mixed Special Type - I.

How the guideline value of Serene Avenue has changed

In the 2017 revision, the guideline value for Serene Avenue was Rs 3,100 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 4,400 per sq.ft, marking a significant rise of 42% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 42%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Moolacheri

Moolacheri village has 17 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 2,710 per sq.ft, and Serene Avenue's current value is above this median.

• Sathyam Golden Nest: Rs 2,710 per sq.ft (2024)
• Raj Garden: Rs 2,530 per sq.ft (2024)
• Sri Selva Perumal Nagar: Rs 1,650 per sq.ft (2024)
• Pearl Garden: Rs 3,410 per sq.ft (2024)
• Vembuilamman Koil Street: Rs 1,100 per sq.ft (2024)
• Vettri Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Serene Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more accurate estimates.

Which Sub Registrar Office covers Serene Avenue?

The Sub Registrar Office that covers Serene Avenue is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Moolacheri. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers must be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the current market conditions. This helps maintain transparency and accountability in property transactions within the region.

Frequently asked questions

What is the current guideline value of Serene Avenue?

The current guideline value of Serene Avenue is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Serene Avenue has seen a 42% increase from Rs 3,100 per sq.ft in 2023 to Rs 4,400 per sq.ft in 2024. There was no change in the value from the 2017 revision to the 2023 revision.

What is the land classification for Serene Avenue?

Serene Avenue is classified as Mixed Special Type - I, which indicates its zoning and land use regulations in the area.

Where can I find the Sub Registrar Office for Serene Avenue?

The Sub Registrar Office for Serene Avenue is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000.