Guideline Value for SRI SUBRAMANYA AVENUE

Sri Subramanya Avenue guideline value

The current guideline value of Sri Subramanya Avenue is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Thiruporur village, under the Thiruporur SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Sri Subramanya Avenue has changed

The guideline value for Sri Subramanya Avenue has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,100 per sq.ft, an increase of 10% from Rs 1,000 per sq.ft in the 2023 revision. Prior to that, the 2017 revision recorded a guideline value of Rs 670 per sq.ft, marking a significant rise of 49% to the 2023 figure. The overall increase from the 2017 revision to the current 2024 value is 64%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. The absence of data for these years means that the changes in guideline value during that period cannot be determined.

Guideline values in Thiruporur

In Thiruporur village, there are 31 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 495 to Rs 4,500 per sq.ft. The median guideline value for these streets is Rs 880 per sq.ft, placing Sri Subramanya Avenue's 2024 figure above this median.

• Sowbaghiya Nagar: Rs 880 per sq.ft (2024)
• South Mada Street: Rs 880 per sq.ft (2024)
• Thiruvanchavadi Street: Rs 880 per sq.ft (2024)
• Vanikar Street: Rs 880 per sq.ft (2024)
• Vannara @ Vendarasi Amman Koil Street: Rs 880 per sq.ft (2024)
• Santror Street: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Subramanya Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees together to Rs 99,000. 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 more detailed calculations.

Which Sub Registrar Office covers Sri Subramanya Avenue?

The Sub Registrar Office that covers Sri Subramanya Avenue is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

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

Frequently asked questions

What is the current guideline value of Sri Subramanya Avenue?

The current guideline value of Sri Subramanya Avenue is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 64%, rising from Rs 670 per sq.ft to Rs 1,100 per sq.ft in 2024. The most recent change was a 10% increase from Rs 1,000 per sq.ft in 2023.

What are the other streets in Thiruporur with their guideline values?

Other streets in Thiruporur include Sowbaghiya Nagar, South Mada Street, Thiruvanchavadi Street, Vanikar Street, Vannara @ Vendarasi Amman Koil Street, and Santror Street, with values ranging from Rs 770 to Rs 880 per sq.ft in 2024.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a property valued at Rs 11,00,000, the stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000.

Where can I find my Sub Registrar Office?

The Sub Registrar Office for Sri Subramanya Avenue is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110. You can find more information by visiting the relevant link.