Guideline Value for SHRI MAYURA AVENUE

Shri Mayura Avenue guideline value

The current guideline value of Shri Mayura Avenue is Rs 800 per sq.ft, effective from 1 July 2024. This street is located in Kumili village, under the Thiruporur SRO, and is classified as Mixed Special Type - I.

How the guideline value of Shri Mayura Avenue has changed

The guideline value of Shri Mayura Avenue has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 800 per sq.ft. In 2017, this value decreased to Rs 536 per sq.ft, marking a change of -33%. The value then increased significantly to Rs 800 per sq.ft in 2023, and it remained the same in the 2024 revision, showing no change from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained at Rs 800 per sq.ft, indicating no net change during this period.

Guideline values in Kumili

Kumili village has a total of 21 streets under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 1,800 per sq.ft. The median guideline value in this village is Rs 400 per sq.ft, placing Shri Mayura Avenue's 2024 figure above that median.

• Shri Kantha Garden: Rs 300 per sq.ft (2024)
• Somas Garden Phase I, II & III: Rs 400 per sq.ft (2024)
• Sai Sarvesh Nagar: Rs 1,400 per sq.ft (2024)
• Saastha Nagar: Rs 250 per sq.ft (2024)
• Rithivik Township Phase I, II, III, IV: Rs 1,493 per sq.ft (2024)
• Sri Vigneshwara Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Shri Mayura Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, while the registration fee at 2% would be Rs 16,000, bringing the total fees to Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Shri Mayura Avenue?

The Sub Registrar Office that covers Shri Mayura Avenue is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kumili. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the current guideline value to ensure they are compliant with local regulations.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable fees. This ensures that the state receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Shri Mayura Avenue?

The current guideline value of Shri Mayura Avenue is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen revisions in 2012, 2017, 2023, and 2024. It was Rs 800 per sq.ft in 2012, decreased to Rs 536 per sq.ft in 2017, and returned to Rs 800 per sq.ft in both 2023 and 2024.

What are the other streets in Kumili with their guideline values?

In Kumili, there are several other streets with varying guideline values. For example, Shri Kantha Garden is Rs 300 per sq.ft, while Sai Sarvesh Nagar is Rs 1,400 per sq.ft in 2024.

What fees are associated with buying property in Shri Mayura Avenue?

When purchasing property in Shri Mayura Avenue, buyers must pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Shri Mayura Avenue located?

The Thiruporur Sub Registrar Office, which covers Shri Mayura Avenue, is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.