Guideline Value for SRI ADHIRA AVENUE

Sri Adhira Avenue guideline value

The current guideline value of Sri Adhira Avenue is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Kayirambedu village and falls under the Chengleput Joint II SRO, with a land classification of Mixed Type - I.

How the guideline value of Sri Adhira Avenue has changed

According to the guideline value register, there are no figures available for Sri Adhira Avenue for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision shows a guideline value of Rs 1,500 per sq.ft, which remains unchanged in the 2024 revision, indicating a change of +0% from 2023 to 2024.

Thus, the guideline value for Sri Adhira Avenue has consistently been Rs 1,500 per sq.ft from the 2023 revision through to the 2024 revision.

Guideline values in Kayirambedu

In Kayirambedu, there are 120 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,550 per sq.ft, with the median being Rs 700 per sq.ft. The guideline value for Sri Adhira Avenue is above this median.

• Sri Ammal Nagar: Rs 700 per sq.ft (2024)
• Sowbhagya Nagar: Rs 700 per sq.ft (2024)
• Sorna Bungalow Nagar: Rs 700 per sq.ft (2024)
• Snt Nagar: Rs 2,389 per sq.ft (2024)
• S Na Garden: Rs 900 per sq.ft (2024)
• S.K.S. Star Light Avenue: Rs 1,045 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Adhira Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total 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, bringing the total charges together to Rs 1,35,000. It’s important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Adhira Avenue?

Sri Adhira Avenue is covered by 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 Kayirambedu

The guideline value plays a significant role in property transactions in Kayirambedu. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When registering a property, the guideline value is compared against the sale price to determine the applicable fees. The higher amount is taken into account to calculate the stamp duty, ensuring that the correct fees are paid based on established values.

Frequently asked questions

What is the current guideline value of Sri Adhira Avenue?

The current guideline value of Sri Adhira 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 Sri Adhira Avenue has been Rs 1,500 per sq.ft since the 2023 revision and remains unchanged in the 2024 revision. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values of other streets in Kayirambedu?

Other streets in Kayirambedu have varying guideline values ranging from Rs 700 to Rs 2,389 per sq.ft in 2024. For instance, Sri Ammal Nagar, Sowbhagya Nagar, and Sorna Bungalow Nagar all have a guideline value of Rs 700 per sq.ft.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,500 per sq.ft incurs a total guideline value of Rs 15,00,000, leading to specific fees based on this amount.

Where can I find the Sub Registrar Office for Sri Adhira Avenue?

The Chengleput Joint II Sub Registrar Office covers Sri Adhira Avenue, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information about your SRO through the provided link.