Guideline Value for SRIRAM AVENUE & STREETS

Sriram Avenue & Streets guideline value

The current guideline value of Sriram Avenue & Streets is Rs 750 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-A village under the Avadi SRO, classified as Residential Class II Type - III.

How the guideline value of Sriram Avenue & Streets has changed

The guideline value for Sriram Avenue & Streets has seen several revisions over the years. The 2017 revision recorded a value of Rs 469 per sq.ft, which increased to Rs 700 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the value at Rs 750 per sq.ft, reflecting a 7% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 60%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,750 per sq.ft. The median value is Rs 750 per sq.ft, which aligns with the current guideline value of Sriram Avenue & Streets.

• Sriram Nagar & Streets: Rs 750 per sq.ft (2024)
• Sri Saravana Nagar: Rs 750 per sq.ft (2024)
• Sri Sathya Sai Nagar: Rs 770 per sq.ft (2024)
• Srinivasa Nagar: Rs 1,200 per sq.ft (2024)
• Sri Satyanarayana Nagar: Rs 770 per sq.ft (2024)
• Sri Srinivasa Garden: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sriram Avenue & Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value would be Rs 7,50,000. The stamp duty at 7% would amount to Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total cost for these fees to Rs 67,500. 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 Sriram Avenue & Streets?

The Sriram Avenue & Streets falls under the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value plays a crucial role in property transactions in Thiruninravur-A. It is used as a benchmark for determining the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is often used to calculate the applicable stamp duty and registration fees. This ensures that all transactions are documented accurately and that the government receives the appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value of Sriram Avenue & Streets?

The current guideline value of Sriram Avenue & Streets is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 750 per sq.ft in 2024, which is a total increase of 60% over these years.

What is the stamp duty for property in Sriram Avenue & Streets?

The stamp duty for property in Sriram Avenue & Streets is 7% of the guideline value or the sale price, whichever is higher.

Where is the Avadi Sub Registrar Office located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What are the other streets in Thiruninravur-A with similar guideline values?

Other streets in Thiruninravur-A with a guideline value of Rs 750 per sq.ft include Sriram Nagar & Streets and Sri Saravana Nagar. Other streets in the area have varying rates.