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Guideline Value for SREE SAI KRISHNA AVENUE S.NOS.163/2B(PART), 163/3, 164

₹1650/sq.ft.

The guideline value for Sree Sai Krishna Avenue S.nos.163/2b(part), 163/3, 164 in Varadarajapuram village (Padappai SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Varadarajapuram

Village

Padappai

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sree Sai Krishna Avenue S.nos.163/2b(part), 163/3, 164

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Sree Sai Krishna Avenue S.Nos.163/2b(Part), 163/3, 164 guideline value

The current guideline value for Sree Sai Krishna Avenue S.Nos.163/2b(Part), 163/3, 164 is Rs 1,650 per sq.ft, effective from 1 July 2024. This property is located in Varadarajapuram village and falls under the Padappai SRO with a land classification of Residential Special Type - II.

How the guideline value of Sree Sai Krishna Avenue S.Nos.163/2b(Part), 163/3, 164 has changed

The guideline value for this street has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which decreased to Rs 1,005 per sq.ft in the 2017 revision. This was a significant drop of 33%. However, the value rebounded to Rs 1,500 per sq.ft in the 2023 revision, marking a 49% increase from 2017. The most recent revision in 2024 has further increased the guideline value to Rs 1,650 per sq.ft, reflecting a 10% rise from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Varadarajapuram

In Varadarajapuram, there are 250 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 4,100 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, which is equal to the guideline value of Sree Sai Krishna Avenue.

Stamp duty and registration fee for property in Sree Sai Krishna Avenue S.Nos.163/2b(Part), 163/3, 164

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total amount for duty and fees to Rs 1,48,500. Duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sree Sai Krishna Avenue S.Nos.163/2b(Part), 163/3, 164?

The Sub Registrar Office that covers Sree Sai Krishna Avenue is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the transaction.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties and fees. This ensures that the government receives the correct revenue from property transactions in Varadarajapuram.

Frequently asked questions

What is the current guideline value of Sree Sai Krishna Avenue?

The current guideline value of Sree Sai Krishna Avenue S.Nos.163/2b(Part), 163/3, 164 is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for Sree Sai Krishna Avenue?

The land classification for Sree Sai Krishna Avenue S.Nos.163/2b(Part), 163/3, 164 is Residential Special Type - II.

Which office handles registrations for this area?

The Padappai Sub Registrar Office handles registrations for Sree Sai Krishna Avenue, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for properties in Varadarajapuram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. It is typically set at 7% of the guideline value, while the registration fee is 2%.