Guideline Value for SR INDIRA AVENUE

Sr Indira Avenue guideline value

The current guideline value of Sr Indira Avenue in Perumattu Nellore village is Rs 1,000 per sq.ft, effective from the 2024 revision. This street falls under the Chengleput Joint II SRO and is classified as Mixed Special Type - III.

How the guideline value of Sr Indira Avenue has changed

According to the guideline value register, there have been no figures listed for Sr Indira Avenue in the revisions from 2002, 2003, 2007, 2012, and 2017. The 2023 revision also maintained the guideline value at Rs 1,000 per sq.ft, showing no change from the previous year.

The 2024 revision has kept the guideline value at Rs 1,000 per sq.ft, reflecting a 0% change from the 2023 revision. This consistency indicates stability in the guideline value for this street over the past two years.

Guideline values in Perumattu Nellore

In Perumattu Nellore, there are 83 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 2,850 per sq.ft, with a median value of Rs 700 per sq.ft. Sr Indira Avenue's 2024 figure is above this median.

• Sri Ram Avenue: Rs 2,500 per sq.ft (2024)
• Sri Sai Avenue: Rs 800 per sq.ft (2024)
• Sri Sathya Nagar Phase 1: Rs 700 per sq.ft (2024)
• Sri Sathya Nagar Phase 2: Rs 700 per sq.ft (2024)
• Sri Sathya Nagar Phase 3: Rs 700 per sq.ft (2024)
• Sri Sathya Sai Nagar Extension: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Sr Indira 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 amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, making the total cost for these charges Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sr Indira Avenue?

The Sub Registrar Office that covers Sr Indira 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 Perumattu Nellore

The guideline value is an essential factor during the registration of property transactions in Perumattu Nellore. It serves as a benchmark for calculating the stamp duty and registration fees that buyers must pay when purchasing property.

When selling property, the guideline value helps determine the minimum value at which the property can be registered. This ensures that the transaction reflects a legitimate market value, aiding in transparent property dealings.

Frequently asked questions

What is the current guideline value of Sr Indira Avenue?

The current guideline value of Sr Indira Avenue is Rs 1,000 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

There have been no figures listed for Sr Indira Avenue in the revisions from 2002 to 2017. The guideline value remained at Rs 1,000 per sq.ft in both the 2023 and 2024 revisions.

What is the land classification of Sr Indira Avenue?

Sr Indira Avenue is classified as Mixed Special Type - III under the Chengleput Joint II SRO.

What are the stamp duty and registration fees for property in Sr Indira Avenue?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000. These charges are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Sr Indira Avenue located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles registrations for properties in Sr Indira Avenue.