Guideline Value for SRI HARI AVENUE EXT - I

Sri Hari Avenue Ext - I guideline value

The current guideline value of Sri Hari Avenue Ext - I is Rs 500 per sq.ft, effective from 1 July 2024. This property is located in Pazhayaseevaram -A village, under the Walajabad SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Sri Hari Avenue Ext - I has changed

In the 2017 revision, the guideline value was Rs 335 per sq.ft. This remained unchanged at Rs 500 per sq.ft in the 2023 revision and continued at the same rate in the 2024 revision, showing a 49% increase from 2017 to 2023. The guideline value did not change from 2023 to 2024, indicating a 0% change in this period.

The register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Pazhayaseevaram -A

In Pazhayaseevaram -A, there are 26 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 500 per sq.ft. The median guideline value for these streets is Rs 350 per sq.ft, placing Sri Hari Avenue Ext - I above this median.

• Sri Krishna Nagar: Rs 350 per sq.ft (2024)
• Sri Lakshmi Narasimmar Nagar: Rs 250 per sq.ft (2024)
• Sri Balaji Nagar: Rs 500 per sq.ft (2024)
• Sri Arunachalacity Phase-IV: Rs 500 per sq.ft (2024)
• Sri Arunachala City Phase-III: Rs 200 per sq.ft (2024)
• Sri Sai Nagar: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Hari Avenue Ext - I

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, resulting in a total of Rs 45,000. 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 detailed calculations.

Which Sub Registrar Office covers Sri Hari Avenue Ext - I?

The Sub Registrar Office that covers Sri Hari Avenue Ext - I is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Pazhayaseevaram -A

The guideline value is an important factor when registering property in Pazhayaseevaram -A. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees payable during the transaction.

When buying or selling property, it is essential to consider the guideline value as it reflects the official valuation set by the government. This value is critical for ensuring compliance with legal requirements during the property registration process.

Frequently asked questions

What is the current guideline value of Sri Hari Avenue Ext - I?

The current guideline value of Sri Hari Avenue Ext - I is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft from 2023 to 2024, with a 49% increase from Rs 335 per sq.ft in 2017 to 2023. There are no figures available for the years 2002, 2003, 2007, and 2012.

What is the land classification for Sri Hari Avenue Ext - I?

The land classification for Sri Hari Avenue Ext - I is Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find the registration office for Sri Hari Avenue Ext - I?

The registration office for Sri Hari Avenue Ext - I is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Sri Hari Avenue Ext - I?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value of Rs 5,00,000, the stamp duty would be Rs 35,000 at 7%.