Guideline Value for SRI VARI AVUNE

Sri Vari Avune guideline value

The current guideline value of Sri Vari Avune is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Ponthavakkam village, under the Oothukkottai SRO, and is classified as Residential Special Type - I.

How the guideline value of Sri Vari Avune has changed

In the 2024 revision, the guideline value for Sri Vari Avune was set at Rs 600 per sq.ft. The previous revision in 2023 also recorded the guideline value at Rs 600 per sq.ft. The register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

Between the 2023 and 2024 revisions, there was no change, with a percentage increase of +0%. The guideline value has remained consistent over these two years.

Guideline values in Ponthavakkam

In Ponthavakkam, there are six streets under the Oothukkottai SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 600 per sq.ft. The median guideline value for these streets is Rs 150 per sq.ft, placing Sri Vari Avune's 2024 figure above that median.

• Sri Balaji Nagar: Rs 150 per sq.ft (2024)
• Sri Ambika Nagar: Rs 150 per sq.ft (2024)
• Maharishikudilam: Rs 150 per sq.ft (2024)
• Kalaimagal Nagar: Rs 150 per sq.ft (2024)
• Jaisakthi Avenue: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Vari Avune

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, making the total fees together Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Vari Avune?

The Sri Vari Avune street is covered by the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial aspect when registering property transactions in Ponthavakkam. It serves as a benchmark to determine the stamp duty and registration fees applicable during the sale or purchase of property.

When you buy or sell property, the guideline value helps ensure that the transaction is recorded at a fair price, which is essential for legal and taxation purposes. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Sri Vari Avune?

The current guideline value of Sri Vari Avune is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft for both the 2023 and 2024 revisions. The register has no figure for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Sri Vari Avune?

Sri Vari Avune is classified as Residential Special Type - I under the current guidelines.

What are the stamp duty and registration fees for properties in Sri Vari Avune?

For a 1,000 sq.ft plot, the total guideline value is Rs 6,00,000. The stamp duty would be Rs 42,000, and the registration fee would be Rs 12,000, totaling Rs 54,000.

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

The Oothukkottai Sub Registrar Office is located near the government hospital in Uthukottai, 602026, Chennai registration zone.