Guideline Value for SRI THIRUVUDAIAMMAN AVENUE

Sri Thiruvudaiamman Avenue guideline value

The current guideline value of Sri Thiruvudaiamman Avenue is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Voyalur village under the Ponneri Sub Registrar Office (SRO) and falls under the Residential Class II Type - I land classification.

How the guideline value of Sri Thiruvudaiamman Avenue has changed

The guideline value of Sri Thiruvudaiamman Avenue has seen several revisions over the years. The earliest recorded revision was in 2017, where the value was Rs 67 per sq.ft. This increased to Rs 100 per sq.ft in the 2023 revision, marking a change of +49%. The 2024 revision maintained the same value of Rs 100 per sq.ft, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by +49%.

Guideline values in Voyalur

In Voyalur, there are 17 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 150 per sq.ft, with the median value being Rs 100 per sq.ft. Sri Thiruvudaiamman Avenue's guideline value aligns with this median.

• Sri Thiruvudaiamman Nagar: Rs 100 per sq.ft (2024)
• Sri Krishna Nagar: Rs 150 per sq.ft (2024)
• Thulukkanathamman Nagar: Rs 126 per sq.ft (2024)
• Sabapathi Nagar: Rs 100 per sq.ft (2024)
• Muthu Nagar City: Rs 100 per sq.ft (2024)
• Mahalakshmi Nagar II: Rs 126 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Thiruvudaiamman Avenue

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value would be Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sri Thiruvudaiamman Avenue?

The Sri Thiruvudaiamman Avenue is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Voyalur. It serves as a benchmark for calculating the stamp duty and registration fees, which are mandatory for property transfers.

When buying or selling property, the guideline value helps ensure that the transaction is registered at a fair price, reflecting the value of the property as determined by the local authorities. This process helps in maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Sri Thiruvudaiamman Avenue?

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2023 and has remained at Rs 100 per sq.ft in 2024, representing an overall increase of +49% from 2017 to 2024.

What is the land classification for Sri Thiruvudaiamman Avenue?

Sri Thiruvudaiamman Avenue falls under the Residential Class II Type - I land classification.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 100 per sq.ft would incur a total stamp duty and registration fee of Rs 9,000.