Guideline Value for SREE HARI AVENUE PHASE - II

Sree Hari Avenue Phase - II guideline value

The current guideline value of Sree Hari Avenue Phase - II is Rs 990 per sq.ft, effective from 1 July 2024. This property is located in Peramanoor village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - II.

How the guideline value of Sree Hari Avenue Phase - II has changed

The guideline value for Sree Hari Avenue Phase - II has undergone several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 900 per sq.ft, which increased by 10% to Rs 990 per sq.ft in the 2024 revision.

This change reflects a consistent update in the guideline values, with the latest figure indicating a rise from the previous year. The 2024 value of Rs 990 per sq.ft is the most current and applicable figure for transactions involving this property.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value in the village is Rs 1,100 per sq.ft, placing Sree Hari Avenue Phase - II below this median.

• South Ganapathy Nagar (Pa): Rs 661 per sq.ft (2024)
• S.K.R. Avenue (Ward -19): Rs 990 per sq.ft (2024)
• Sri Balaji Nagar(West) Kattankolathur (Ward -18): Rs 990 per sq.ft (2024)
• Sri Bavani Nagar Peramanur (Ward -15): Rs 661 per sq.ft (2024)
• Sri Bhuvaneswari Avenue Peramanur (Ward -15): Rs 661 per sq.ft (2024)
• Sri Chandra Surya Gardens (Ward -15): Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Sree Hari Avenue Phase - II

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty charged at 7% would amount to Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total to Rs 89,100. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information on fees applicable to your property transaction.

Which Sub Registrar Office covers Sree Hari Avenue Phase - II?

The Sub Registrar Office that covers Sree Hari Avenue Phase - II is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Peramanoor, as it determines the minimum value for registration purposes. When buying or selling property, the guideline value must be considered to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process. This helps in avoiding any discrepancies that may arise during property transactions.

Frequently asked questions

What is the current guideline value of Sree Hari Avenue Phase - II?

The current guideline value of Sree Hari Avenue Phase - II is Rs 990 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 2023 to Rs 990 per sq.ft in 2024, reflecting a 10% increase. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Sree Hari Avenue Phase - II?

Sree Hari Avenue Phase - II is classified as Residential Class I Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in Sree Hari Avenue Phase - II?

For a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300 and the registration fee would be Rs 19,800, totaling Rs 89,100. Duty is charged on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Sree Hari Avenue Phase - II located?

The Sub Registrar Office for Sree Hari Avenue Phase - II is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.