Guideline Value for SRI ADHITYA AVENUE

Sri Adhitya Avenue guideline value

The current guideline value of Sri Adhitya Avenue is Rs 350 per sq.ft, effective from 1 July 2024. This street is located in Nattarasampattu village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Sri Adhitya Avenue has changed

The guideline value for Sri Adhitya Avenue has undergone several revisions over the years. In 2012, the guideline value was Rs 350 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 234 per sq.ft, marking a 33% reduction. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 350 per sq.ft. The 2024 revision has maintained this figure, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for Sri Adhitya Avenue. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 350 per sq.ft.

Guideline values in Nattarasampattu

In Nattarasampattu, there are 24 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 700 per sq.ft, with a median value of Rs 350 per sq.ft. Sri Adhitya Avenue's 2024 figure aligns with this median.

• Sivagasinthamani Nagar: Rs 250 per sq.ft (2024)
• Shri Shanmuga Nagar: Rs 350 per sq.ft (2024)
• Shree Akshara Garden: Rs 700 per sq.ft (2024)
• Seva Nagar: Rs 350 per sq.ft (2024)
• Subamathi Nagar: Rs 350 per sq.ft (2024)
• S.V.P. Estate Lakshmi Nagar: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Adhitya Avenue

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 3,50,000. The stamp duty at 7% amounts to Rs 24,500, and the registration fee at 2% comes to Rs 7,000, totaling Rs 31,500. 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 details.

Which Sub Registrar Office covers Sri Adhitya Avenue?

The Sub Registrar Office that covers Sri Adhitya Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Nattarasampattu. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must be aware of this value to ensure compliance with local regulations.

When you buy or sell property, the guideline value helps in assessing the official value of the property for taxation purposes. It is essential to refer to the latest revisions to understand the current rates applicable in the area.

Frequently asked questions

What is the current guideline value of Sri Adhitya Avenue?

The current guideline value of Sri Adhitya Avenue is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 350 per sq.ft since 2023. It decreased to Rs 234 per sq.ft in 2017 from Rs 350 per sq.ft in 2012.

What is the land classification for Sri Adhitya Avenue?

Sri Adhitya Avenue is classified as Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot, the total stamp duty and registration fees amount to Rs 31,500, calculated based on the guideline value of Rs 3,50,000.

Where is the Sub Registrar Office for Sri Adhitya Avenue located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.