Guideline Value for SRI CHETHAN AVENUE

Sri Chethan Avenue guideline value

The current guideline value for Sri Chethan Avenue in Agraharam Male village is Rs 800 per sq.ft, effective from 1 July 2024. This property falls under the Poonamallee SRO and is classified as Residential Special Type - I.

How the guideline value of Sri Chethan Avenue has changed

The guideline value for Sri Chethan Avenue has remained consistent over the years. The register shows that the guideline value was Rs 800 per sq.ft for the revisions in 2017, 2023, and the current 2024 revision. The years 2002, 2003, 2007, and 2012 have no figures listed for this street.

From 2017 to 2024, there has been no change in the guideline value, maintaining a steady figure of Rs 800 per sq.ft. The transition from 2023 to 2024 also reflects a change of +0%, confirming the stability of the guideline value during this period.

Guideline values in Agraharam Male

In Agraharam Male, there are 16 streets under the Poonamallee SRO that have a 2024 guideline value ranging from Rs 550 to Rs 1,400 per sq.ft, with a median of Rs 770 per sq.ft. Sri Chethan Avenue's guideline value is above this median, reflecting its unique positioning.

• Sri Narasimha Nagar: Rs 770 per sq.ft (2024)
• Shaloom Avenue: Rs 770 per sq.ft (2024)
• The Ark Avenue: Rs 770 per sq.ft (2024)
• The Ark Enclave: Rs 770 per sq.ft (2024)
• Uptown Park: Rs 770 per sq.ft (2024)
• Mid Town Avenue: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Chethan Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sri Chethan Avenue?

Sri Chethan Avenue is covered by the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering a property, as it determines the stamp duty and registration fees to be paid. Buyers and sellers should be aware that the guideline value is used for calculating these costs, ensuring transparency during the transaction process.

When a property is sold, the guideline value serves as a benchmark for the transaction, helping to establish a fair price. It is essential for both parties to understand the implications of the guideline value in the registration process.

Frequently asked questions

What is the current guideline value for Sri Chethan Avenue?

The current guideline value for Sri Chethan Avenue is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Chethan Avenue has remained at Rs 800 per sq.ft since 2017, with no changes recorded in the revisions for 2023 and 2024. There are no figures available for the years 2002, 2003, 2007, and 2012.

What is the land classification for Sri Chethan Avenue?

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

What are the stamp duty and registration fees for properties in Sri Chethan Avenue?

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Sri Chethan Avenue?

The Poonamallee Sub Registrar Office covers Sri Chethan Avenue, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. This office handles all registrations for properties in the area.