Guideline Value for SRI VARI AVENUE

Sri Vari Avenue guideline value

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

How the guideline value of Sri Vari Avenue has changed

The guideline value for Sri Vari Avenue has undergone several revisions over the years. The 2017 revision set the value at Rs 67 per sq.ft. This figure remained unchanged until the 2023 revision, where it was updated to Rs 100 per sq.ft. The 2024 revision also maintains this value at Rs 100 per sq.ft, resulting in a 49% increase from the 2017 figure to the current rate.

There are no figures available for the years 2002, 2003, 2007, and 2012 for Sri Vari Avenue. The changes between the revisions indicate that there was no increase from 2023 to 2024, while there was a significant increase of 49% from 2017 to 2023, and overall, a 49% increase from 2017 to 2024.

Guideline values in Kattur

In Kattur village, there are 11 streets under the Ponneri SRO that have a 2024 guideline value. The values range from Rs 100 to Rs 100 per sq.ft, with the median also being Rs 100 per sq.ft. Sri Vari Avenue's 2024 figure is equal to this median.

• Sri Balaji Nagar: Rs 100 per sq.ft (2024)
• Sri Balaji Avenue Phase II: Rs 100 per sq.ft (2024)
• Sri Balaji Avenue: Rs 100 per sq.ft (2024)
• Sri Ayyanar Colony: Rs 100 per sq.ft (2024)
• Santhosam Nagar: Rs 100 per sq.ft (2024)
• Om Enterprises: Rs 100 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 rate of Rs 100 per sq.ft, the guideline value is Rs 1,00,000. The stamp duty at 7% amounts to Rs 7,000, and the registration fee at 2% amounts to Rs 2,000, totaling Rs 9,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Vari Avenue?

Sri Vari 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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kattur. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Sri Vari Avenue?

The current guideline value of Sri Vari 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 both 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

What are the other streets in Kattur with the same guideline value?

Other streets in Kattur under the Ponneri SRO also have a 2024 guideline value of Rs 100 per sq.ft, including Sri Balaji Nagar, Sri Balaji Avenue Phase II, Sri Balaji Avenue, Sri Ayyanar Colony, Santhosam Nagar, and Om Enterprises.

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. This office handles the registration of properties in the area.

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

Stamp duty is calculated based on the higher of the guideline value and the sale price of the property. For example, for a 1,000 sq.ft plot at Rs 100 per sq.ft, the total guideline value is Rs 1,00,000, leading to a stamp duty of Rs 7,000.