Guideline Value for SRI HARI AVENUE

Sri Hari Avenue guideline value

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

How the guideline value of Sri Hari Avenue has changed

The guideline value for Sri Hari Avenue has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 990 per sq.ft, which is a 10% increase from the 2023 revision of Rs 900 per sq.ft. Prior to that, in 2017, the value was Rs 603 per sq.ft, marking a significant 49% increase by 2023. The 2012 revision also recorded a value of Rs 900 per sq.ft, which was a decrease of 33% from the 2017 figure.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%, reflecting the changes in the revisions over the years.

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, and a median value of Rs 1,100 per sq.ft. Sri Hari Avenue's 2024 figure of Rs 990 per sq.ft is below this median.

• Sri Hari Avenue Phase -V: 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

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

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Hari Avenue?

Sri Hari Avenue is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the 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 a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Sri Hari Avenue?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2023 to Rs 990 per sq.ft in 2024. It was Rs 603 per sq.ft in 2017 and Rs 900 per sq.ft in 2012.

What are the other streets in Peramanoor with their guideline values?

Other streets in Peramanoor include Sri Hari Avenue Phase -V and Sri Chandra Surya Gardens, both at Rs 990 per sq.ft, while Sri Ganapathy Garden and Sri Krishna 4th Street are at Rs 661 per sq.ft.

What is the stamp duty for property in Sri Hari Avenue?

The stamp duty for a property in Sri Hari Avenue is calculated at 7% of the guideline value. For a plot valued at Rs 9,90,000, the stamp duty would be Rs 69,300.

Which office handles registrations for properties in Sri Hari Avenue?

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