Guideline Value for SRI SRINIVASA GARDEN

Sri Srinivasa Garden guideline value

The current guideline value of Sri Srinivasa Garden is Rs 1,400 per sq.ft. This area is located in Thiruninravur-A village and falls under the Avadi SRO. The land classification for this street is Residential Special Type - IV.

How the guideline value of Sri Srinivasa Garden has changed

The guideline value for Sri Srinivasa Garden has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,400 per sq.ft, which is an increase from Rs 1,300 per sq.ft in 2023, marking an 8% rise. Prior to 2023, the register has no figure for this street in the years 2017, 2012, 2007, 2003, and 2002.

In summary, the guideline value increased from Rs 1,300 per sq.ft in 2023 to Rs 1,400 per sq.ft in 2024. The previous revisions do not provide any figures for Sri Srinivasa Garden.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that have a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft. The median guideline value for these streets is Rs 750 per sq.ft, placing Sri Srinivasa Garden's 2024 figure above that median.

• Sri Satyanarayana Nagar: Rs 770 per sq.ft (2024)
• Sri Sathya Sai Nagar: Rs 770 per sq.ft (2024)
• Sri Saravana Nagar: Rs 750 per sq.ft (2024)
• Sri Vaishnavi Garden: Rs 750 per sq.ft (2024)
• Sri Velan Nagar & St: Rs 840 per sq.ft (2024)
• Sri Vignarajan Nagar: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Srinivasa Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, making the total charges Rs 1,26,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Srinivasa Garden?

The Sub Registrar Office that covers Sri Srinivasa Garden is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Thiruninravur-A. It is used to determine the stamp duty and registration fees that buyers and sellers must pay during the registration process. This ensures that the transaction is recorded accurately and legally.

When buying or selling property, the guideline value is considered the minimum value for the transaction. It helps in establishing a baseline for the property's worth, ensuring transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value for Sri Srinivasa Garden?

The current guideline value for Sri Srinivasa Garden is Rs 1,400 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,300 per sq.ft in 2023 to Rs 1,400 per sq.ft in 2024. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Sri Srinivasa Garden?

The land classification for Sri Srinivasa Garden is Residential Special Type - IV.

Where is the Sub Registrar Office located for Sri Srinivasa Garden?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in Sri Srinivasa Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total charges would be Rs 1,26,000.