Guideline Value

Corporate

Guideline Value for SRINIVASA AVENUE

₹103/sq.ft.

The guideline value for Srinivasa Avenue in Orakadamagadevimangalam village (Sunguvarchattram SRO, Chengalpattu zone) is Rs 103 per sq.ft, effective 1 July 2024. It was Rs 100 per sq.ft from 1 April 2023, a 3% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Orakadamagadevimangalam

Village

Sunguvarchattram

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹103 /sq.ft.
From 1-4-2023 ₹100 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Vadivamal Nagar Kandigai Road Caparo Company Opp,sunguvarchatram
044_29592196
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Srinivasa Avenue

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Srinivasa Avenue guideline value

The current guideline value of Srinivasa Avenue, located in Orakadamagadevimangalam village, is Rs 103 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification. The relevant Sub Registrar Office for this area is Sunguvarchattram SRO.

How the guideline value of Srinivasa Avenue has changed

The guideline value for Srinivasa Avenue has seen several revisions over the years. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent figures are from the 2023 revision, which set the guideline value at Rs 100 per sq.ft, followed by the 2024 revision, which increased it to Rs 103 per sq.ft, marking a change of +3%.

In summary, the guideline value has changed from Rs 100 per sq.ft in 2023 to Rs 103 per sq.ft in 2024. This change aligns with the median value of Rs 103 per sq.ft for other streets in Orakadamagadevimangalam under the Sunguvarchattram SRO.

Guideline values in Orakadamagadevimangalam

In Orakadamagadevimangalam, there are 12 streets that carry a 2024 guideline value ranging from Rs 101 to Rs 300 per sq.ft. The guideline value for Srinivasa Avenue is equal to the median of Rs 103 per sq.ft. Below are the guideline values for other streets in Orakadamagadevimangalam:

Stamp duty and registration fee for property in Srinivasa Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 103 per sq.ft, the total guideline value amounts to Rs 1,03,000. The stamp duty at 7% would be Rs 7,210, and the registration fee at 2% would be Rs 2,060, resulting in a total of Rs 9,270. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Srinivasa Avenue?

The Sub Registrar Office that covers Srinivasa Avenue is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu 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 Orakadamagadevimangalam

The guideline value plays a crucial role in the registration process when buying or selling property in Orakadamagadevimangalam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers should be aware that the guideline value may differ from the actual sale price.

When registering a property, the stamp duty is calculated based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Srinivasa Avenue?

The current guideline value of Srinivasa Avenue is Rs 103 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Srinivasa Avenue has changed from Rs 100 per sq.ft in 2023 to Rs 103 per sq.ft in 2024, reflecting a +3% increase.

What are the other streets in Orakadamagadevimangalam?

Other streets in Orakadamagadevimangalam include Sri Krishna Nagar, Sri Sai Nagar, Sri Vaithamanidhi Nagar, Sathya Nagar, Santhi Sri Nagar, and R.M.K.Nandhavanam, each with their respective guideline values.

What is the stamp duty rate for properties in Srinivasa Avenue?

The stamp duty rate for properties in Srinivasa Avenue is 7% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Srinivasa Avenue is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find more details by visiting the provided link.