Guideline Value for SRI SRINIVASA PERUMAL AVENUE

Sri Srinivasa Perumal Avenue guideline value

The current guideline value of Sri Srinivasa Perumal Avenue is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Sirukalathur village, under the Kunrathur SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Sri Srinivasa Perumal Avenue has changed

The guideline value for Sri Srinivasa Perumal Avenue has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 500 per sq.ft. This was followed by a decrease to Rs 335 per sq.ft in 2017. The 2023 revision saw an increase to Rs 500 per sq.ft, and the most recent 2024 revision has set the value at Rs 550 per sq.ft, reflecting a 10% increase from the previous year.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased significantly by 49%. Overall, from 2012 to 2024, there has been a net increase of 10%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sirukalathur

In Sirukalathur, there are 32 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 450 to Rs 2,970 per sq.ft. The median value is Rs 550 per sq.ft, making Sri Srinivasa Perumal Avenue's current value equal to this median.

• Sri Sri Srinivasa Perumal Avenue: Rs 1,000 per sq.ft (2024)
• Sri Ranganathan Nagar: Rs 550 per sq.ft (2024)
• Sri Ranganathan Avenue: Rs 550 per sq.ft (2024)
• Suraj Kudiyiruppu: Rs 500 per sq.ft (2024)
• Sri Badmavathi Nagar: Rs 1,000 per sq.ft (2024)
• Smart City: Rs 650 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Srinivasa Perumal Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, making the total cost for these fees Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sri Srinivasa Perumal Avenue?

The Sub Registrar Office that covers Sri Srinivasa Perumal Avenue is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Sirukalathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is registered at a value that reflects the current market conditions, thereby facilitating a transparent process for both buyers and sellers.

Frequently asked questions

What is the current guideline value of Sri Srinivasa Perumal Avenue?

The current guideline value of Sri Srinivasa Perumal Avenue is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification for Sri Srinivasa Perumal Avenue?

Sri Srinivasa Perumal Avenue falls under the Residential Class I Type - I land classification.

Where can I find the registration office for this area?

The registration office for Sri Srinivasa Perumal Avenue is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000, leading to specific fees based on that value.