Guideline Value for SRIRAMULU AVENUE

Sriramulu Avenue guideline value

The current guideline value of Sriramulu Avenue, located in Polacheri village under the Gooduvancheri SRO, is Rs 800 per sq.ft. The land classification for this area is Residential Special Type - I.

How the guideline value of Sriramulu Avenue has changed

The guideline value for Sriramulu Avenue has undergone several revisions over the years. The most recent revision in 2023 set the guideline value at Rs 800 per sq.ft, which represents a significant increase from the 2017 revision, where the value was Rs 536 per sq.ft. This change reflects a rise of 49% between the two revisions.

It is important to note that there are no figures available for the guideline values in the years 2024, 2012, 2007, 2003, and 2002 for this street. Therefore, the only revisions with figures are from 2017 and 2023.

Guideline values in Polacheri

Currently, there are no specific village figures provided for Polacheri. Sriramulu Avenue is the only street mentioned in the context of guideline values under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Sriramulu Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total fees together to Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sriramulu Avenue?

The Sriramulu Avenue falls under the jurisdiction of the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Polacheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sriramulu Avenue?

The current guideline value of Sriramulu Avenue is Rs 800 per sq.ft, as per the 2023 revision.

How much has the guideline value changed recently?

Between the 2017 revision and the 2023 revision, the guideline value increased from Rs 536 per sq.ft to Rs 800 per sq.ft, which is a change of 49%.

Where can I find the registration office for Sriramulu Avenue?

The registration office covering Sriramulu Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

What are the stamp duty rates for property in Sriramulu Avenue?

The stamp duty for property in Sriramulu Avenue is charged at 7% of the guideline value or sale price, whichever is higher. For example, a property valued at Rs 8,00,000 would incur a stamp duty of Rs 56,000.

Are there other streets in Polacheri with guideline values?

Currently, there are no other streets in Polacheri mentioned with specific guideline values under the Gooduvancheri SRO.