Guideline Value for SRI DURGHA AVENUE

Sri Durgha Avenue guideline value

The current guideline value of Sri Durgha Avenue in Kalvai village is Rs 600 per sq.ft, effective from 1 July 2024. This street falls under the Thiruporur Sub Registrar Office (SRO) and is classified as Residential Special Type - II.

How the guideline value of Sri Durgha Avenue has changed

In the 2023 revision, the guideline value for Sri Durgha Avenue was Rs 600 per sq.ft, which remains unchanged in the 2024 revision. The register has no figures for this street for the years 2002, 2003, 2007, 2012, and 2017.

Thus, the guideline value has been consistent at Rs 600 per sq.ft for both the 2023 and 2024 revisions, showing no percentage increase or decrease between these two years.

Guideline values in Kalvai

In Kalvai, there are 31 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft, with a median value of Rs 1,000 per sq.ft. Sri Durgha Avenue's 2024 figure is below this median.

• Sri Ganesh Nagar: Rs 400 per sq.ft (2024)
• Sri Hari Nagar: Rs 701 per sq.ft (2024)
• Sri Baba Nagar: Rs 600 per sq.ft (2024)
• Sri Krishna Nagar: Rs 1,000 per sq.ft (2024)
• Sks-Sekar Square: Rs 1,000 per sq.ft (2024)
• Sri PRAGALATH NAGAR: Rs 1,493 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Durgha Avenue

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the 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, totaling Rs 54,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Durgha Avenue?

The Sub Registrar Office that covers Sri Durgha Avenue is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is essential when registering property transactions in Kalvai, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the sale process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Durgha Avenue?

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

How has the guideline value changed over the years?

The guideline value for Sri Durgha Avenue has remained at Rs 600 per sq.ft since the 2023 revision, with no changes noted between 2023 and 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Sri Durgha Avenue?

Sri Durgha Avenue is classified as Residential Special Type - II, indicating its primary use for residential purposes.

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

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000. These fees are calculated based on the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Sri Durgha Avenue is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find more information by visiting the appropriate link.