Guideline Value for SRI SAI AVENUE

Sri Sai Avenue guideline value

The current guideline value of Sri Sai Avenue in Nedunkumdram village is Rs 3,300 per sq.ft, effective from 1 July 2024. This property falls under the Tambaram Joint 1 SRO and is classified as Residential Class II Type - IV.

How the guideline value of Sri Sai Avenue has changed

The guideline value for Sri Sai Avenue has seen significant changes over the years. In the 2017 revision, the value was set at Rs 1,340 per sq.ft. This increased to Rs 3,000 per sq.ft in the 2023 revision, marking a substantial rise of 124% over six years. The most recent revision in 2024 has further increased the guideline value to Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 146%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Nedunkumdram

In Nedunkumdram, there are 75 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 330 to Rs 5,300 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Sri Sai Avenue's 2024 figure above that median.

• Ssm Nagar: Rs 1,210 per sq.ft (2024)
• Square Deck Layout: Rs 2,200 per sq.ft (2024)
• S & P Signature Villas: Rs 1,650 per sq.ft (2024)
• Sbjh Garden: Rs 1,980 per sq.ft (2024)
• Saraswathi Nagar Extension: Rs 1,430 per sq.ft (2024)
• Saraswathi Nagar: Rs 1,430 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sai Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making the total cost for these fees Rs 2,97,000. 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 Sai Avenue?

The Sub Registrar Office that covers Sri Sai Avenue is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during property registration in Nedunkumdram. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property. Buyers must be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value can help both buyers and sellers navigate the registration process more effectively. It is advisable to consult the latest guideline value to ensure compliance with the registration requirements.

Frequently asked questions

What is the current guideline value of Sri Sai Avenue?

The current guideline value of Sri Sai Avenue is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 146% during this period.

What is the land classification for Sri Sai Avenue?

Sri Sai Avenue is classified as Residential Class II Type - IV under the Tambaram Joint 1 SRO.

What are the stamp duty and registration fees for a property in Sri Sai Avenue?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office covers Sri Sai Avenue?

The Tambaram Joint 1 Sub Registrar Office covers Sri Sai Avenue, located at No.26, Mes Road, East Tambaram, Chennai-600059.