Guideline Value for SRI ADHINATH AVENUE

Sri Adhinath Avenue guideline value

The current guideline value of Sri Adhinath Avenue is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Athur A Block village under the Chengleput Joint II SRO, and the land classification is Mixed Type - I.

How the guideline value of Sri Adhinath Avenue has changed

Over the years, the guideline value of Sri Adhinath Avenue has seen several revisions. The 2007 revision set the value at Rs 150 per sq.ft, which increased significantly to Rs 600 per sq.ft in the 2012 revision. However, there was a decrease to Rs 402 per sq.ft in the 2017 revision. The value remained unchanged at Rs 600 per sq.ft in both the 2023 and 2024 revisions, indicating a 49% increase from 2017 to 2023, but no change from 2023 to 2024.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 300%.

Guideline values in Athur A Block

Athur A Block contains 44 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 300 to Rs 1,525 per sq.ft. The median guideline value is Rs 600 per sq.ft, placing Sri Adhinath Avenue's 2024 value at this median.

• Sri Balaji Nagar: Rs 600 per sq.ft (2024)
• S.L.K.K Nagar: Rs 600 per sq.ft (2024)
• Sivakami Nagar: Rs 600 per sq.ft (2024)
• Sri Malli Nathar Nagar: Rs 600 per sq.ft (2024)
• Sri Nagar: Rs 400 per sq.ft (2024)
• Srinivasa Avenue: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Adhinath Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. It is important to note that the 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 further calculations.

Which Sub Registrar Office covers Sri Adhinath Avenue?

The Sub Registrar Office that covers Sri Adhinath 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 Athur A Block

The guideline value plays a crucial role during property registration in Athur A Block. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is considered to ensure that the transaction is documented accurately. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Adhinath Avenue?

The current guideline value of Sri Adhinath Avenue is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 600 per sq.ft in 2012, then decreased to Rs 402 per sq.ft in 2017. It remained at Rs 600 per sq.ft in both 2023 and 2024.

What is the median guideline value for streets in Athur A Block?

The median guideline value for streets in Athur A Block is Rs 600 per sq.ft, with Sri Adhinath Avenue's value matching this median.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Sri Adhinath Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 600 per sq.ft would incur a total guideline value of Rs 6,00,000, leading to a stamp duty of Rs 42,000.