Guideline Value for SRI SAI AVENUE

Sri Sai Avenue guideline value

The current guideline value of Sri Sai Avenue is Rs 700 per sq.ft, as per the 2023 revision. This street is located in Perumalpattu village and falls under the Tiruvallur Joint 1 SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Sri Sai Avenue has changed

In the 2017 revision, the guideline value was Rs 469 per sq.ft. This figure increased to Rs 700 per sq.ft in the 2023 revision, marking a change of +49%. The revisions for the years 2024, 2012, 2007, 2003, and 2002 have no figures available for this street.

Thus, the only figures available for Sri Sai Avenue are from the 2017 and 2023 revisions. The significant increase in the guideline value from 2017 to 2023 reflects the latest assessment by the Registration Department.

Guideline values in Perumalpattu

Currently, there are no specific village figures provided for Perumalpattu. Sri Sai Avenue is the only street referenced in the guideline value register for this area.

Stamp duty and registration fee for property in Sri Sai Avenue

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value is Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000. Together, these fees total Rs 63,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Sri Sai Avenue?

The Sub Registrar Office covering Sri Sai Avenue is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Perumalpattu. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring compliance with local regulations and standards.

Frequently asked questions

What is the current guideline value of Sri Sai Avenue?

The current guideline value of Sri Sai Avenue is Rs 700 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, marking a change of +49%. There are no figures available for the years 2024, 2012, 2007, 2003, and 2002.

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

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office is responsible for Sri Sai Avenue?

The Tiruvallur Joint 1 Sub Registrar Office is responsible for Sri Sai Avenue. It is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

What land classification does Sri Sai Avenue fall under?

Sri Sai Avenue is classified as Residential Class I Type - I. This classification is important for determining the applicable guidelines and regulations for property transactions in the area.