Guideline Value for SRIRAM AVENUE & STREETS

Sriram Avenue & Streets guideline value

The current guideline value of Sriram Avenue & Streets is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-B village under the Avadi SRO and falls under the Residential Class II Type - III land classification.

How the guideline value of Sriram Avenue & Streets has changed

The guideline value has seen significant changes 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% increase. The latest revision in 2024 brought the value up to Rs 770 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are a total of 374 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 1,760 per sq.ft. The median value for these streets is Rs 770 per sq.ft, which is equal to the current guideline value of Sriram Avenue & Streets.

• Sriram Nagar & Streets: Rs 770 per sq.ft (2024)
• Sri Saravana Nagar: Rs 770 per sq.ft (2024)
• Sri Sathya Sai Nagar: Rs 768 per sq.ft (2024)
• Srinivasa Nagar: Rs 870 per sq.ft (2024)
• Sri Satyanarayana Nagar: Rs 768 per sq.ft (2024)
• Sri Nagar Thiruvika Raman St: Rs 440 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 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total charges to Rs 69,300. It is important to note that 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 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. You can find your SRO for additional information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thiruninravur-B. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of ownership. This ensures that both the buyer and seller adhere to the regulations set forth by the Registration Department.

Frequently asked questions

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

The current guideline value of Sriram Avenue & Streets is Rs 770 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

From 2017 to 2024, the guideline value has increased by 64%, moving from Rs 469 per sq.ft in 2017 to Rs 770 per sq.ft in 2024.

What are the stamp duty and registration fees for a property in Sriram Avenue & Streets?

For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900 and the registration fee would be Rs 15,400, totaling Rs 69,300.

Which Sub Registrar Office covers Sriram Avenue & Streets?

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

What is the land classification for Sriram Avenue & Streets?

Sriram Avenue & Streets is classified as Residential Class II Type - III according to the guideline value register.