Guideline Value for SRI SRNIVASA AVENUE

Sri Srnivasa Avenue guideline value

The current guideline value of Sri Srnivasa Avenue is Rs 1,344 per sq.ft, effective from 1 July 2024. This street is located in Athur B Block village, under the Chengleput Joint II SRO, and is classified as Mixed Type - III land.

How the guideline value of Sri Srnivasa Avenue has changed

The guideline value for Sri Srnivasa Avenue has seen several revisions over the years. The 2017 revision set the value at Rs 900 per sq.ft, which remained unchanged in the 2023 revision. The current 2024 revision also maintains the value at Rs 1,344 per sq.ft, reflecting a 49% increase from the 2017 figure.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. The change from 2017 to 2023 was 0%, and the overall change from 2017 to 2024 is 49%.

Guideline values in Athur B Block

Athur B Block has 79 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 268 to Rs 1,525 per sq.ft. The median value for these streets is Rs 700 per sq.ft, placing Sri Srnivasa Avenue's 2024 figure above this median.

• Sri Vignesh Co-Op Nagar: Rs 500 per sq.ft (2024)
• Sri Sai Krishna Nagar: Rs 1,000 per sq.ft (2024)
• Sri Ramakrishna Nagar: Rs 600 per sq.ft (2024)
• Sri Margadarshan Vatika: Rs 1,493 per sq.ft (2024)
• Sri Giri Garden: Rs 1,195 per sq.ft (2024)
• Thendral Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Srnivasa Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,344 per sq.ft, the total guideline value would be Rs 13,44,000. The stamp duty at 7% would be Rs 94,080, and the registration fee at 2% would be Rs 26,880, bringing the total to Rs 1,20,960. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Srnivasa Avenue?

The Sub Registrar Office covering Sri Srnivasa Avenue is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Athur B Block

The guideline value is a critical factor during the registration of property transactions in Athur B Block. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value of Sri Srnivasa Avenue?

The current guideline value of Sri Srnivasa Avenue is Rs 1,344 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,344 per sq.ft since the 2023 revision, reflecting no change from the previous year. However, it has increased by 49% from Rs 900 per sq.ft in the 2017 revision.

What is the land classification for Sri Srnivasa Avenue?

Sri Srnivasa Avenue is classified as Mixed Type - III land, which indicates its diverse usage potential within the area.

Where can I find the registration office for Sri Srnivasa Avenue?

The registration office for Sri Srnivasa Avenue is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Sri Srnivasa Avenue?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 13,44,000, the stamp duty would be Rs 94,080 at a rate of 7%.