Guideline Value for SRINIDHI AVENUE

Srinidhi Avenue guideline value

The current guideline value of Srinidhi Avenue in Pinchivakkam village, under the Perambakkam SRO, is Rs 300 per sq.ft, effective from 1 July 2024. This street falls under the Residential Special Type - V land classification.

How the guideline value of Srinidhi Avenue has changed

The guideline value for Srinidhi Avenue has remained at Rs 300 per sq.ft for the revisions in both 2023 and 2024. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017, indicating that there were no recorded changes for this street during those years.

From the 2023 revision to the 2024 revision, the guideline value saw a change of +0%. This indicates stability in the valuation for this street over the past two years.

Guideline values in Pinchivakkam

In Pinchivakkam, there are seven streets under the Perambakkam SRO that carry a 2024 guideline value, ranging from Rs 270 to Rs 600 per sq.ft. The median value among these streets is Rs 469 per sq.ft, positioning Srinidhi Avenue's 2024 figure below that median.

• V.Nest: Rs 270 per sq.ft (2024)
• Palani Nagar: Rs 600 per sq.ft (2024)
• Mount Sinai: Rs 469 per sq.ft (2024)
• Ellammal Nagar: Rs 270 per sq.ft (2024)
• Srinivasa Avenue Part I: Rs 600 per sq.ft (2024)
• Srinivasa Avenue Part II: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Srinidhi 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, totaling Rs 27,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Srinidhi Avenue?

The Sub Registrar Office that covers Srinidhi Avenue is the Perambakkam Sub Registrar Office, located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Pinchivakkam. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that both buyers and sellers adhere to the legal requirements set by the Registration Department.

When buying or selling a property, the guideline value helps in establishing a fair transaction price, as it reflects the government’s assessment of property values in the area. This value is essential for both parties to understand the financial implications of their transaction.

Frequently asked questions

What is the current guideline value of Srinidhi Avenue?

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

How has the guideline value changed over the years?

The guideline value for Srinidhi Avenue has remained at Rs 300 per sq.ft for both the 2023 and 2024 revisions. There are no figures recorded for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values of other streets in Pinchivakkam?

Other streets in Pinchivakkam have guideline values ranging from Rs 270 to Rs 600 per sq.ft, with the median being Rs 469 per sq.ft. Srinidhi Avenue's value is below this median.

What are the stamp duty and registration fees for properties in Srinidhi Avenue?

For a property valued at 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. The duty is charged on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Srinidhi Avenue?

The Sub Registrar Office for Srinidhi Avenue is located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone.