Guideline Value for SRI VARI AVENUE

Sri Vari Avenue guideline value

The current guideline value of Sri Vari Avenue in Arayapakkam village is Rs 300 per sq.ft, effective from 1 July 2024. This street falls under the Madurandakam Sub Registrar Office (SRO) and is classified as Commercial Class I Type - I.

How the guideline value of Sri Vari Avenue has changed

The guideline value for Sri Vari Avenue has remained unchanged at Rs 300 per sq.ft from the 2023 revision to the 2024 revision. Prior to this, the register has no figure for the years 2017, 2012, 2007, 2003, and 2002, indicating that there have been no recorded changes for this street in those years.

In the 2024 revision, the guideline value is set at Rs 300 per sq.ft, which is the same as the 2023 revision. This indicates that there has been no percentage change between these two revisions.

Guideline values in Arayapakkam

In Arayapakkam, there are 15 streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 120 to Rs 400 per sq.ft. The median value among these streets is Rs 203 per sq.ft, positioning Sri Vari Avenue's 2024 figure above the median.

• Sri Sairam Nagar: Rs 120 per sq.ft (2024)
• Sri Patchaiyammal Nagar: Rs 175 per sq.ft (2024)
• Swomiyam Nagar: Rs 201 per sq.ft (2024)
• Sri Krishna Nagar: Rs 203 per sq.ft (2024)
• Royal City Phase - II Ext: Rs 250 per sq.ft (2024)
• Royal City Phase - I Ext: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Vari Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Vari Avenue?

The Sub Registrar Office that covers Sri Vari Avenue is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. To locate your specific SRO, you can find your SRO.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Arayapakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two values is used to calculate the applicable fees. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Sri Vari Avenue?

The current guideline value of Sri Vari Avenue is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value of Sri Vari Avenue changed over the years?

The guideline value has remained at Rs 300 per sq.ft from the 2023 revision to the 2024 revision. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the median guideline value for streets in Arayapakkam?

The median guideline value for streets in Arayapakkam is Rs 203 per sq.ft. Sri Vari Avenue's value of Rs 300 per sq.ft is above this median.

What are the stamp duty and registration fees for property in Sri Vari Avenue?

For a 1,000 sq.ft plot at the guideline value of Rs 300 per sq.ft, the total guideline value is Rs 3,00,000. The stamp duty would be Rs 21,000, and the registration fee would be Rs 6,000, totaling Rs 27,000.

Where is the Sub Registrar Office for Sri Vari Avenue located?

The Madurandakam Sub Registrar Office covers Sri Vari Avenue and is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.