Guideline Value for SRI SAIRAM AVN NAGAR

Sri Sairam Avn Nagar guideline value

The current guideline value of Sri Sairam Avn Nagar is Rs 275 per sq.ft, effective from 1 July 2024. This street is located in Podaturpet village, under the Pallipattu SRO, and is classified as Residential Class I Type - II.

How the guideline value of Sri Sairam Avn Nagar has changed

The guideline value for Sri Sairam Avn Nagar has undergone several revisions over the years. In 2017, the guideline value was Rs 184 per sq.ft, which increased to Rs 275 per sq.ft in 2023. This change represents a 49% increase from 2017 to 2023. The guideline value remained the same at Rs 275 per sq.ft for the 2024 revision, reflecting a 0% change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Podaturpet

In Podaturpet, there are 47 streets under the Pallipattu SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 300 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value of Sri Sairam Avn Nagar is above this median.

• Thanga Salai Street: Rs 250 per sq.ft (2024)
• Silambu Paliyam Street: Rs 250 per sq.ft (2024)
• Thoppu Street: Rs 300 per sq.ft (2024)
• Savatur (Or) Narayanareddykandugai: Rs 126 per sq.ft (2024)
• Vanaja Vaniga Valagam: Rs 300 per sq.ft (2024)
• Vanivilasa Puram: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sairam Avn Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 275 per sq.ft, the total guideline value amounts to Rs 2,75,000. The stamp duty at 7% would be Rs 19,250, while the registration fee at 2% would be Rs 5,500. Together, the total cost for stamp duty and registration would be Rs 24,750. It is important to note that 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 Sairam Avn Nagar?

The Sub Registrar Office that covers Sri Sairam Avn Nagar is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Podaturpet. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is bought or sold, the registration office will use the guideline value to calculate the necessary fees. Buyers should be aware that the stamp duty is charged based on the higher value between the guideline value and the sale price.

Frequently asked questions

What is the current guideline value of Sri Sairam Avn Nagar?

The current guideline value of Sri Sairam Avn Nagar is Rs 275 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 184 per sq.ft in 2017 to Rs 275 per sq.ft in 2023 and remained the same in 2024. This represents a 49% increase from 2017 to 2023.

What is the land classification for Sri Sairam Avn Nagar?

Sri Sairam Avn Nagar is classified as Residential Class I Type - II.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total stamp duty and registration fees would be Rs 24,750.

Which Sub Registrar Office covers the area of Sri Sairam Avn Nagar?

The Pallipattu Sub Registrar Office covers Sri Sairam Avn Nagar, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207.