Guideline Value for SRI PARTHASARATHY AVENUE

Sri Parthasarathy Avenue guideline value

The current guideline value of Sri Parthasarathy Avenue is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Venkudi village under the Walajabad SRO, classified as Residential Special Type - I.

How the guideline value of Sri Parthasarathy Avenue has changed

According to the guideline value register, there has been no recorded figure for Sri Parthasarathy Avenue in the revisions from 2002, 2003, 2007, 2012, and 2017. The 2023 revision also listed the guideline value at Rs 1,000 per sq.ft, which remained unchanged in the 2024 revision.

From the 2023 to the 2024 revision, the guideline value saw no percentage change, remaining steady at Rs 1,000 per sq.ft. This consistency indicates a stable valuation for this street over the last two years.

Guideline values in Venkudi

In Venkudi, four streets under the Walajabad SRO have a 2024 guideline value ranging from Rs 250 to Rs 1,000 per sq.ft, with a median value of Rs 350 per sq.ft. Sri Parthasarathy Avenue's guideline value is above this median, indicating a higher valuation compared to other streets in the village.

• Thirumalai Nagar Sai Ram Avenue: Rs 250 per sq.ft (2024)
• மிதிலை நகர்: Rs 400 per sq.ft (2024)
• ஸ்ரீ தேவி கருமாரி அம்மன் நகர்: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Parthasarathy Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. It is important to note that the duty is charged on whichever is higher: the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Parthasarathy Avenue?

Sri Parthasarathy Avenue falls under the jurisdiction of the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Venkudi, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, ensuring that these costs are based on an officially recognized valuation.

During the registration process, the buyer and seller must refer to the guideline value to understand the financial implications of the transaction. This helps in maintaining transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sri Parthasarathy Avenue?

The current guideline value of Sri Parthasarathy Avenue is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no recorded figures for Sri Parthasarathy Avenue in the revisions from 2002, 2003, 2007, 2012, and 2017. The guideline value remained at Rs 1,000 per sq.ft for both the 2023 and 2024 revisions.

What are the guideline values of other streets in Venkudi?

Other streets in Venkudi have varying guideline values, with rates ranging from Rs 250 to Rs 400 per sq.ft in 2024. Sri Parthasarathy Avenue's value is higher than the median of Rs 350 per sq.ft.

What fees are associated with property registration in Sri Parthasarathy Avenue?

When registering property in Sri Parthasarathy Avenue, the stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, a property valued at Rs 10,00,000 would incur a total fee of Rs 90,000.

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

The Walajabad Sub Registrar Office, which covers Sri Parthasarathy Avenue, is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find more information about your SRO online.