Guideline Value for SRS AVENUE PHASE -I

Srs Avenue Phase -I guideline value

The current guideline value for Srs Avenue Phase -I is Rs 2,239 per sq.ft. This property is located in Melakottyur village under the Gooduvancheri SRO, classified as Mixed Type - II land.

How the guideline value of Srs Avenue Phase -I has changed

In the 2017 revision, the guideline value was Rs 1,500 per sq.ft. The most recent revision in 2023 increased this value to Rs 2,239 per sq.ft, reflecting a change of +49% over the six-year period.

There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street. Therefore, the only revisions noted are from 2017 and 2023.

Guideline values in Melakottyur

Currently, there are no specific guideline values available for other streets in Melakottyur. Srs Avenue Phase -I stands as the only street with a defined guideline value.

Stamp duty and registration fee for property in Srs Avenue Phase -I

For a 1,000 sq.ft plot at the current rate of Rs 2,239 per sq.ft, the guideline value amounts to Rs 22,39,000. The stamp duty at 7% would be Rs 1,56,730, and the registration fee at 2% would be Rs 44,780, totaling Rs 2,01,510. 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 information.

Which Sub Registrar Office covers Srs Avenue Phase -I?

The Srs Avenue Phase -I is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

For further details, you can find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Melakottyur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is used to calculate the applicable duties based on the higher of the guideline value or the sale price. This ensures that the appropriate fees are collected during the transaction process.

Frequently asked questions

What is the current guideline value for Srs Avenue Phase -I?

The current guideline value for Srs Avenue Phase -I is Rs 2,239 per sq.ft as per the 2023 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,500 per sq.ft to Rs 2,239 per sq.ft, marking a change of +49%.

Are there any guideline values for other streets in Melakottyur?

Currently, there are no specific guideline values listed for other streets in Melakottyur. Srs Avenue Phase -I is the only street with a defined guideline value.

What are the stamp duty and registration fees for properties in Srs Avenue Phase -I?

For a property valued at Rs 22,39,000, the stamp duty would be Rs 1,56,730 and the registration fee would be Rs 44,780, totaling Rs 2,01,510.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.