Guideline Value for SR RUTHRAASH AVENUE

Sr Ruthraash Avenue guideline value

The current guideline value of Sr Ruthraash Avenue is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Perumattu Nellore village, under the Chengleput Joint II SRO. The land classification for this area is Mixed Special Type - II.

How the guideline value of Sr Ruthraash Avenue has changed

According to the guideline value register, the figures for Sr Ruthraash Avenue have remained consistent at Rs 1,500 per sq.ft for both the 2023 and 2024 revisions. The register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

From the 2023 revision to the 2024 revision, there was no change in the guideline value, which remained at Rs 1,500 per sq.ft. This stability indicates that the value has not fluctuated in the most recent revision period.

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 Ruthraash Avenue's 2024 figure of Rs 1,500 per sq.ft is above this median.

• Subamangala Nagar: Rs 700 per sq.ft (2024)
• Sri Vaishnavi Nagar: Rs 500 per sq.ft (2024)
• Sri Sathya Sai Nagar Phase-III: Rs 700 per sq.ft (2024)
• Sri Sathya Sai Nagar Phase-II: Rs 700 per sq.ft (2024)
• Sri Sathya Sai Nagar Extension: Rs 700 per sq.ft (2024)
• Sri Sathya Nagar Phase 3: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Sr Ruthraash Avenue

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, totaling Rs 1,35,000. 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 further calculations.

Which Sub Registrar Office covers Sr Ruthraash Avenue?

The Sub Registrar Office that covers Sr Ruthraash Avenue is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, within 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 plays a crucial role in the registration process of property transactions in Perumattu Nellore. It serves as a benchmark for determining the minimum value of the property for the purpose of stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than the negotiated sale price. This helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Sr Ruthraash Avenue?

The current guideline value of Sr Ruthraash Avenue is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sr Ruthraash Avenue has remained at Rs 1,500 per sq.ft for both the 2023 and 2024 revisions. The register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Sr Ruthraash Avenue?

The land classification for Sr Ruthraash Avenue is Mixed Special Type - II, indicating the type of development permitted in this area.

What are the stamp duty rates for property in this area?

The stamp duty rate for property transactions in this area is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2% applicable.

Where can I find the Sub Registrar Office for this property?

The Sub Registrar Office covering Sr Ruthraash Avenue is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by visiting the appropriate link.