Guideline Value

Corporate

Guideline Value for SRI KUMARAN AVENUE

₹200/sq.ft.

The guideline value for Sri Kumaran Avenue in Vadamadurai-1 village (Arani_tiruvallur SRO, Chennai zone) is Rs 200 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vadamadurai-1

Village

Arani_Tiruvallur

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹200 /sq.ft.
From 1-4-2023 ₹200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹134 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.10, S.p Kovil Street, Arani,ponneri(tk),thiruvallur(dt) - 601 101
044-27927859
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sri Kumaran Avenue

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Sri Kumaran Avenue guideline value

The current guideline value of Sri Kumaran Avenue is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Vadamadurai-1 village under the Arani_Tiruvallur SRO and is classified as Residential Class II Type - III.

How the guideline value of Sri Kumaran Avenue has changed

In the 2017 revision, the guideline value was Rs 134 per sq.ft. This figure increased by 49% to Rs 200 per sq.ft in the 2023 revision. The 2024 revision has maintained the same guideline value of Rs 200 per sq.ft, reflecting no change from the previous year.

The register has no figures for the years 2002, 2003, 2007, and 2012 for Sri Kumaran Avenue. Overall, from the 2017 revision to the 2024 revision, there has been a 49% increase in the guideline value.

Guideline values in Vadamadurai-1

In Vadamadurai-1, there are 9 streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value ranging from Rs 175 to Rs 500 per sq.ft, with the median being Rs 200 per sq.ft. Sri Kumaran Avenue's 2024 figure is equal to this median.

Stamp duty and registration fee for property in Sri Kumaran Avenue

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. 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 Kumaran Avenue?

The Sub Registrar Office that covers Sri Kumaran Avenue is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri(tk), Thiruvallur(dt) - 601 101. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Vadamadurai-1

The guideline value is an essential factor in determining the registration fees and stamp duty when buying or selling property in Vadamadurai-1. It serves as a benchmark for the minimum value of the property, ensuring that the transaction is recorded at a fair value.

When registering a property, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Kumaran Avenue?

The current guideline value of Sri Kumaran Avenue is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023 and has remained at Rs 200 per sq.ft in 2024, reflecting a 49% increase overall from 2017 to 2024.

What are the other streets in Vadamadurai-1?

Other streets in Vadamadurai-1 include Sri Bhavani Amman Nagar, Sun Star City, New Star City, M.T.C. Nagar Phase-VI, E.K.K. Nagar Phase-I, and Dr. Kalam City, with varying guideline values.

Where is the Arani_Tiruvallur Sub Registrar Office located?

The Arani_Tiruvallur Sub Registrar Office is located at No.10, S.p Kovil Street, Arani, Ponneri(tk), Thiruvallur(dt) - 601 101.

How is stamp duty calculated for properties in Sri Kumaran Avenue?

Stamp duty for properties in Sri Kumaran Avenue is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 at 7%.