Guideline Value for SRS AVENUE PHASE -I

Srs Avenue Phase -I guideline value

The current guideline value of Srs Avenue Phase -I is Rs 3,433 per sq.ft. This property is located in Nalambakkam village, under the Gooduvancheri SRO, and is classified as Residential Special Type - IV.

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

The guideline value for Srs Avenue Phase -I has undergone significant changes over the years. The 2017 revision recorded a guideline value of Rs 2,300 per sq.ft. This figure increased to Rs 3,433 per sq.ft in the 2023 revision, marking a change of +49% from the previous value.

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

Guideline values in Nalambakkam

Currently, there are no specific guideline values available for other streets in Nalambakkam under the Gooduvancheri SRO. The only guideline value noted is for Srs Avenue Phase -I.

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 3,433 per sq.ft, the guideline value amounts to Rs 34,33,000. The stamp duty at 7% would be Rs 2,40,310, and the registration fee at 2% would be Rs 68,660, bringing the total to Rs 3,08,970. 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 detailed calculations.

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 more information, you can find your SRO.

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

The guideline value serves as a benchmark for property transactions in Nalambakkam. When you buy or sell a property, the guideline value is used to determine the applicable stamp duty and registration fees.

It is essential to ensure that the sale price is either equal to or higher than the guideline value, as the duty is charged on the higher amount. This helps in maintaining transparency in property transactions.

Frequently asked questions

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

The current guideline value of Srs Avenue Phase -I is Rs 3,433 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 2,300 per sq.ft to Rs 3,433 per sq.ft, which is a change of +49%.

Are there any guideline values for other streets in Nalambakkam?

Currently, there are no specific guideline values available for other streets in Nalambakkam under the Gooduvancheri SRO.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 3,08,970, which includes a stamp duty of Rs 2,40,310 and a registration fee of Rs 68,660.

Which office handles the registration for Srs Avenue Phase -I?

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