Guideline Value for SRI SUBBAARAAM AVENUE

Sri Subbaaraam Avenue guideline value

The current guideline value of Sri Subbaaraam Avenue is Rs 1,105 per sq.ft, effective from 1 July 2024. This street is located in Koladi village and falls under the Chennai South Joint II SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Sri Subbaaraam Avenue has changed

According to the guideline value register, there are no figures available for Sri Subbaaraam Avenue for the years 2002, 2003, 2007, 2012, and 2017. The most recent revisions show that the guideline value was Rs 1,005 per sq.ft in 2023, which increased by 10% to Rs 1,105 per sq.ft in 2024.

This change reflects the ongoing adjustments in property values in the region, with the 2024 figure being the highest recorded for this street. The increase from 2023 to 2024 indicates a shift in the valuation of properties in this area.

Guideline values in Koladi

In Koladi, there are 175 streets under the Chennai South Joint II SRO carrying a 2024 guideline value ranging from Rs 660 to Rs 4,000 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, positioning Sri Subbaaraam Avenue slightly above this median.

• Sri Subharam Avenue: Rs 1,105 per sq.ft (2024)
• Sri Srinivasa Nagar: Rs 660 per sq.ft (2024)
• Sri Vari Avenue: Rs 1,650 per sq.ft (2024)
• Sriram Nagar Extension: Rs 1,650 per sq.ft (2024)
• Swamy Natesanar Madam Street: Rs 660 per sq.ft (2024)
• Swamy Ramadasar Street: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Subbaaraam Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,105 per sq.ft, the total guideline value would be Rs 11,05,000. The stamp duty, charged at 7%, would amount to Rs 77,350, while the registration fee at 2% would be Rs 22,100, making the total fees together Rs 99,450. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Subbaaraam Avenue?

Sri Subbaaraam Avenue is covered by the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. For more information, you can find your SRO.

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

The guideline value plays a crucial role in property transactions in Koladi. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that must be paid at the time of registration. This ensures that the value of the property is accurately reflected in official records.

It is essential for buyers and sellers to be aware of the current guideline value, as it can influence the overall cost of the transaction. Understanding the guideline value helps in making informed decisions during property dealings in the area.

Frequently asked questions

What is the current guideline value of Sri Subbaaraam Avenue?

The current guideline value of Sri Subbaaraam Avenue is Rs 1,105 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Subbaaraam Avenue was Rs 1,005 per sq.ft in 2023 and increased by 10% to Rs 1,105 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Koladi?

The median guideline value in Koladi is Rs 1,100 per sq.ft. Sri Subbaaraam Avenue's guideline value is slightly above this median.

What are the stamp duty and registration fees for properties in Sri Subbaaraam Avenue?

For a 1,000 sq.ft plot at the current guideline value, the total fees would be Rs 99,450, which includes a stamp duty of Rs 77,350 and a registration fee of Rs 22,100.

Which office handles the registration for Sri Subbaaraam Avenue?

The registration for Sri Subbaaraam Avenue is handled by the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.