Guideline Value for SHRI VAARU AVENUE

Shri Vaaru Avenue guideline value

The current guideline value of Shri Vaaru Avenue is Rs 1,320 per sq.ft. This street is located in Nasarathpettai village, under the Poonamallee SRO, with a land classification of Residential Class I Type - I.

How the guideline value of Shri Vaaru Avenue has changed

The guideline value for Shri Vaaru Avenue has undergone several revisions over the years. The earliest record available is from 2017, where the guideline value was Rs 900 per sq.ft. This figure increased to Rs 1,200 per sq.ft in 2023, marking a 33% rise. The most recent revision effective from 1 July 2024 sets the guideline value at Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 47%. It is important to note that the register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Nasarathpettai

Nasarathpettai village has 19 streets under the Poonamallee SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, which is the same as that of Shri Vaaru Avenue.

• Sathiyamoorthy Street: Rs 1,320 per sq.ft (2024)
• Rajarathinam nagar: Rs 1,320 per sq.ft (2024)
• Thirupur Kumaran Street: Rs 1,320 per sq.ft (2024)
• Periya chetti theru enkira gandhi street: Rs 1,320 per sq.ft (2024)
• Varadappa Mudaliar Street: Rs 1,320 per sq.ft (2024)
• Padasalai Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Shri Vaaru Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. It is important to note that the 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 Shri Vaaru Avenue?

The Sub Registrar Office covering Shri Vaaru Avenue is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Nasarathpettai. It is used to determine the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller approaches the registration office, the guideline value is referenced to ensure that the correct fees are calculated. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Shri Vaaru Avenue?

The current guideline value of Shri Vaaru Avenue is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023, and then to Rs 1,320 per sq.ft in 2024, marking an overall increase of 47% from 2017 to 2024.

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

Other streets in Nasarathpettai, such as Sathiyamoorthy Street and Rajarathinam nagar, also have a guideline value of Rs 1,320 per sq.ft for 2024.

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

When buying property in Shri Vaaru Avenue, buyers should expect to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Shri Vaaru Avenue?

The Sub Registrar Office for Shri Vaaru Avenue is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.