Guideline Value for SRI SRINIVASA AVENUE PART-II

Sri Srinivasa Avenue Part-II guideline value

The current guideline value of Sri Srinivasa Avenue Part-II is Rs 400 per sq.ft. This property is located in Palur-A village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - I.

How the guideline value of Sri Srinivasa Avenue Part-II has changed

The guideline value for Sri Srinivasa Avenue Part-II has undergone several revisions over the years. The most recent revision in 2024 maintains the value at Rs 400 per sq.ft, which is unchanged from the 2023 revision. Prior to that, in 2017, the guideline value was Rs 268 per sq.ft, marking a 49% increase to the current value.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Therefore, the only revisions that reflect a value are from 2017 to 2024, where the overall increase is also 49%.

Guideline values in Palur-A

In Palur-A, there are 44 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 600 per sq.ft, with the median value being Rs 400 per sq.ft. Sri Srinivasa Avenue Part-II's 2024 figure aligns with this median.

• Sri Srinivasa Avenue Part-I: Rs 400 per sq.ft (2024)
• Sri Sheshatari Garden Extn-I: Rs 501 per sq.ft (2024)
• Sri Sheshatari Garden: Rs 400 per sq.ft (2024)
• Sri Seshadri Garden Pasupathi Nagar: Rs 400 per sq.ft (2024)
• Sri Seshadri Garden Guna Nagar: Rs 400 per sq.ft (2024)
• Sri Sai Ram Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Srinivasa Avenue Part-II

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, making the total cost Rs 36,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sri Srinivasa Avenue Part-II?

The Sub Registrar Office that covers Sri Srinivasa Avenue Part-II is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Palur-A

The guideline value is a crucial factor when registering property transactions in Palur-A. It serves as a benchmark for determining the stamp duty and registration fees applicable on the property, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling a property, the guideline value is used to calculate the total costs involved in the registration process. This ensures that both buyers and sellers are aware of the financial obligations associated with the transaction.

Frequently asked questions

What is the current guideline value of Sri Srinivasa Avenue Part-II?

The current guideline value of Sri Srinivasa Avenue Part-II is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 400 per sq.ft from 2023 to 2024. However, from 2017 to 2023, it increased by 49% from Rs 268 per sq.ft.

What is the land classification for Sri Srinivasa Avenue Part-II?

Sri Srinivasa Avenue Part-II is classified as Residential Special Type - I, which indicates its suitability for residential development.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Tamil Nadu.

How is the stamp duty calculated for properties in Sri Srinivasa Avenue Part-II?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 at a rate of 7%.