Guideline Value for SHIRDI AVENUE

Shirdi Avenue guideline value

The current guideline value of Shirdi Avenue in Athur B Block village is Rs 1,000 per sq.ft, effective from 1 July 2024. This street falls under the Chengleput Joint II SRO and is classified as Mixed Type - I land.

How the guideline value of Shirdi Avenue has changed

In the 2012 revision, the guideline value was set at Rs 600 per sq.ft. This increased to Rs 402 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, there was a significant increase of 149%, bringing the value back up to Rs 1,000 per sq.ft. The 2024 revision maintains this value, showing no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for Shirdi Avenue. Overall, comparing the 2012 figure to the 2024 figure, there is an increase of 67%.

Guideline values in Athur B Block

Athur B Block has 79 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 268 to Rs 1,525 per sq.ft. The median guideline value for this area is Rs 700 per sq.ft, placing Shirdi Avenue's 2024 figure above that median.

• Shree Sakthi Garden: Rs 800 per sq.ft (2024)
• Seshathri Nagar: Rs 700 per sq.ft (2024)
• Sree Mallinathan Nagar: Rs 500 per sq.ft (2024)
• Sree Sai Krishnanagar: Rs 500 per sq.ft (2024)
• Sri Adhinath Residency Phase -I: Rs 1,000 per sq.ft (2024)
• Sri Adhinath Residency Phase -II: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Shirdi Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. 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 Shirdi Avenue?

The Sub Registrar Office that covers Shirdi 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 Athur B Block

The guideline value is a crucial factor in the registration process for property transactions in Athur B Block. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that all transactions are recorded at a fair and standardized rate.

When buying or selling property, the guideline value helps both buyers and sellers understand the expected costs associated with the transaction. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Shirdi Avenue?

The current guideline value of Shirdi Avenue is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent being Rs 1,000 per sq.ft in both 2023 and 2024, an increase of 149% from Rs 402 per sq.ft in 2017.

What is the land classification of Shirdi Avenue?

Shirdi Avenue is classified as Mixed Type - I land, which indicates a blend of residential and commercial uses.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles the registration of properties in the area.

How is stamp duty calculated on properties in Shirdi Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 at a rate of 7%.