Guideline Value for SRI AJITH AVENUE

Sri Ajith Avenue guideline value

The current guideline value of Sri Ajith Avenue is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Athur B Block village, under the Chengleput Joint II SRO. The land classification for this area is Mixed Type - I.

How the guideline value of Sri Ajith Avenue has changed

The guideline value for Sri Ajith Avenue has seen several revisions over the years. In the 2007 revision, the value was Rs 245 per sq.ft, which increased to Rs 600 per sq.ft in 2012. However, it then decreased to Rs 402 per sq.ft in 2017. The subsequent revisions in 2023 and 2024 maintained the value at Rs 1,000 per sq.ft, showing no change between these two years.

From the 2017 revision to the 2023 revision, there was a significant increase of 149%. Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 308%.

Guideline values in Athur B Block

Athur B Block has 79 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 268 to Rs 1,525 per sq.ft. The median value for these streets is Rs 700 per sq.ft, making Sri Ajith Avenue's 2024 figure above that median.

• Sri Adhinath Residency Phase -II: Rs 1,000 per sq.ft (2024)
• Sri Adhinath Residency Phase -I: Rs 1,000 per sq.ft (2024)
• Sri Andal Nagar: Rs 500 per sq.ft (2024)
• Sree Sai Krishnanagar: Rs 500 per sq.ft (2024)
• Sree Mallinathan Nagar: Rs 500 per sq.ft (2024)
• Sri Ganapathi Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ajith Avenue

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sri Ajith Avenue?

The Sub Registrar Office covering Sri Ajith Avenue 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 information.

How the guideline value is used when you buy or sell in Athur B Block

The guideline value is a critical factor when registering property transactions in Athur B Block. It serves as a benchmark for determining the minimum value of the property for registration purposes, ensuring that properties are not undervalued during the sale.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that all transactions are conducted transparently and in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Sri Ajith Avenue?

The current guideline value of Sri Ajith Avenue is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 245 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2024, marking an overall increase of 308% across the revisions.

What are the guideline values of other streets in Athur B Block?

Other streets in Athur B Block have varying guideline values, with rates ranging from Rs 268 to Rs 1,525 per sq.ft. The median value for these streets is Rs 700 per sq.ft.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. The registration fee is charged at 2% of the guideline value or sale price.

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

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles registrations for properties in Sri Ajith Avenue.