Guideline Value for SRI RAM AVENUE

Sri Ram Avenue guideline value

The current guideline value of Sri Ram Avenue in Perumattu Nellore village is Rs 2,500 per sq.ft, effective from 1 July 2024. This street falls under the Chengleput Joint II SRO and is classified as Residential Special Type - III.

How the guideline value of Sri Ram Avenue has changed

The guideline value for Sri Ram Avenue has remained consistent at Rs 2,500 per sq.ft from the 2023 revision to the 2024 revision, showing no change (0%). Prior to this, there are no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register for this street.

In summary, the 2024 and 2023 revisions both reflect a guideline value of Rs 2,500 per sq.ft, indicating stability in the valuation for this property over the past year.

Guideline values in Perumattu Nellore

In Perumattu Nellore, there are 83 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 2,850 per sq.ft, with a median value of Rs 700 per sq.ft. Sri Ram Avenue's 2024 figure is above this median.

• Sri Sai Avenue: Rs 800 per sq.ft (2024)
• Sr Indira Avenue: Rs 1,000 per sq.ft (2024)
• Sri Sathya Nagar Phase 1: Rs 700 per sq.ft (2024)
• Sri Sathya Nagar Phase 2: Rs 700 per sq.ft (2024)
• Sri Sathya Nagar Phase 3: Rs 700 per sq.ft (2024)
• Sri Sathya Sai Nagar Extension: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ram Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total guideline value amounts to Rs 25,00,000. The stamp duty at 7% would be Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, totaling Rs 2,25,000. Please 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 Ram Avenue?

Sri Ram Avenue is covered by the Chengleput Joint II Sub Registrar Office, 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 Perumattu Nellore

The guideline value plays a crucial role during the registration of property transactions in Perumattu Nellore. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two is used to calculate the applicable stamp duty, which is essential for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Sri Ram Avenue?

The current guideline value of Sri Ram Avenue is Rs 2,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 2,500 per sq.ft from 2023 to 2024, with no figures available for previous revisions in 2017, 2012, 2007, 2003, and 2002.

What are the guideline values of other streets in Perumattu Nellore?

Other streets in Perumattu Nellore have varying guideline values, with rates ranging from Rs 500 to Rs 2,850 per sq.ft. Sri Ram Avenue's value is above the median of Rs 700 per sq.ft.

What is the stamp duty rate for property in Sri Ram Avenue?

The stamp duty rate for property in Sri Ram Avenue is 7% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office covering Sri Ram Avenue is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.