Guideline Value for SRI VAISHNAVI GARDEN

Sri Vaishnavi Garden guideline value

The current guideline value of Sri Vaishnavi Garden is Rs 770 per sq.ft, effective from 1 July 2024. This property is located in Thiruninravur-B village under the Avadi SRO, classified as Residential Class II Type - III.

How the guideline value of Sri Vaishnavi Garden has changed

The guideline value for Sri Vaishnavi Garden has seen several revisions over the years. The 2017 revision set the value at Rs 469 per sq.ft. This increased significantly to Rs 700 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 saw the guideline value rise again to Rs 770 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO, with a 2024 guideline value range from Rs 330 to Rs 1,760 per sq.ft. The median value is Rs 770 per sq.ft, which aligns with the guideline value of Sri Vaishnavi Garden.

• Sri Velan Nagar & St: Rs 870 per sq.ft (2024)
• Sri Satyanarayana Nagar: Rs 768 per sq.ft (2024)
• Sri Sathya Sai Nagar: Rs 768 per sq.ft (2024)
• Sri Vignarajan Nagar: Rs 770 per sq.ft (2024)
• Sri Saravana Nagar: Rs 770 per sq.ft (2024)
• S.S.Nagar: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Vaishnavi Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, while the registration fee at 2% would be Rs 15,400, bringing the total cost to Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Vaishnavi Garden?

The Sub Registrar Office that covers Sri Vaishnavi Garden is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

To find your specific SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Thiruninravur-B

The guideline value is a crucial factor when registering property transactions in Thiruninravur-B. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for both parties. It is essential for buyers to be aware of this value to avoid overpaying and for sellers to set realistic expectations for their property’s worth during negotiations.

Frequently asked questions

What is the current guideline value of Sri Vaishnavi Garden?

The current guideline value of Sri Vaishnavi Garden is Rs 770 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 469 per sq.ft to Rs 770 per sq.ft in 2024, marking an overall increase of 64%.

What are the stamp duty rates for properties in Sri Vaishnavi Garden?

The stamp duty for properties in Sri Vaishnavi Garden is charged at 7% of the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Sri Vaishnavi Garden?

The Avadi Sub Registrar Office handles property registrations for Sri Vaishnavi Garden, located in Thandurai Village, Avadi Taluk.

What is the land classification for Sri Vaishnavi Garden?

Sri Vaishnavi Garden is classified as Residential Class II Type - III, indicating its zoning for residential development.