Guideline Value for SRI SAI AVENUE

Sri Sai Avenue guideline value

The current guideline value of Sri Sai Avenue in Arani village, under the Arani_Tiruvallur SRO, is Rs 200 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Sri Sai Avenue has changed

According to the register, the guideline value for Sri Sai Avenue has remained Rs 200 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register for this street.

This consistency in the guideline value indicates that there has been no change from 2023 to 2024, with an increase of 0%. The absence of figures for earlier revisions suggests that the guideline value may not have been established for those years.

Guideline values in Arani

In Arani, there are 51 streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 600 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value for Sri Sai Avenue is below this median.

• Sri Sathya Saibaba Nagar Extension: Rs 300 per sq.ft (2024)
• Sri Ragavendra Nagar: Rs 200 per sq.ft (2024)
• Sri S.V. Nagar: Rs 200 per sq.ft (2024)
• Subramani Nagar: Rs 200 per sq.ft (2024)
• Sri Chamundeswari Nagar Annexe: Rs 250 per sq.ft (2024)
• Tamil Colony: Rs 300 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 200 per sq.ft, the total 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, bringing the total to Rs 18,000. It is important to note that the duty is charged on the higher of 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 Sai Avenue?

The Sub Registrar Office that covers Sri Sai Avenue is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Arani. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are based on a standardized assessment of property values.

It is essential for buyers and sellers to be aware of the guideline value to avoid any discrepancies during the registration process. Understanding this value helps in budgeting for the additional costs associated with property transactions.

Frequently asked questions

What is the current guideline value of Sri Sai Avenue?

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

How has the guideline value changed over the years?

The guideline value for Sri Sai Avenue has remained Rs 200 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register for this street.

What is the stamp duty for a property in Sri Sai Avenue?

The stamp duty for a property in Sri Sai Avenue is calculated at 7% of the guideline value. For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000.

Which office handles property registration for Sri Sai Avenue?

The Arani_Tiruvallur Sub Registrar Office handles property registration for Sri Sai Avenue. It is located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone.

What is the land classification for Sri Sai Avenue?

Sri Sai Avenue is classified as Residential Class IV Type - I according to the land classification guidelines.