Guideline Value for SRI HARI AVENUE PHASE -V

Sri Hari Avenue Phase -V guideline value

The current guideline value of Sri Hari Avenue Phase -V is Rs 990 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor village and falls under the Chengleput Joint II SRO, classified as Residential Class I Type - II.

How the guideline value of Sri Hari Avenue Phase -V has changed

Over the years, the guideline value for Sri Hari Avenue Phase -V has seen several revisions. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 900 per sq.ft, which increased by 10% to Rs 990 per sq.ft in the 2024 revision.

This increase reflects a consistent adjustment in the guideline value, with the latest figure being the highest recorded for this street. The 2024 figure is lower than the median value of Rs 1,100 per sq.ft for other streets in Peramanoor.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft. Sri Hari Avenue Phase -V's 2024 figure of Rs 990 per sq.ft is below this median.

• Sri Hari Avenue: Rs 990 per sq.ft (2024)
• Sri Ganapathy Garden Permanur (Ward -15): Rs 661 per sq.ft (2024)
• Sri Krishna 4th Street Korukanthangal (Ward -18): Rs 661 per sq.ft (2024)
• Sri Chandra Surya Gardens (Ward -15): Rs 990 per sq.ft (2024)
• Sri Bhuvaneswari Avenue Peramanur (Ward -15): Rs 661 per sq.ft (2024)
• Sri Lakshmi Nagar (Sa): Rs 661 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Hari Avenue Phase -V

For a 1,000 sq.ft plot at the current rate of Rs 990 per sq.ft, the guideline value would be Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, making the total Rs 89,100. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Hari Avenue Phase -V?

The Chengleput Joint II Sub Registrar Office covers Sri Hari Avenue Phase -V. The office is 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 Peramanoor

The guideline value is a crucial factor in the registration process when buying or selling property in Peramanoor. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the buyer and seller must refer to the guideline value to determine the applicable fees. This value helps maintain transparency in property dealings and ensures that all transactions are conducted fairly according to the established rates.

Frequently asked questions

What is the current guideline value of Sri Hari Avenue Phase -V?

The current guideline value of Sri Hari Avenue Phase -V is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Hari Avenue Phase -V was Rs 900 per sq.ft in 2023 and increased by 10% to Rs 990 per sq.ft in 2024. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Sri Hari Avenue Phase -V?

Sri Hari Avenue Phase -V is classified as Residential Class I Type - II. This classification is important for understanding the permissible uses of the land.

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

For a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300 and the registration fee would be Rs 19,800, totaling Rs 89,100. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sri Hari Avenue Phase -V?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office is responsible for property registrations in the area.