Guideline Value for SRS AVENUE PHASE III

Srs Avenue Phase III guideline value

The current guideline value of Srs Avenue Phase III in Asthinapuram village is Rs 1,300 per sq.ft, effective from 1 July 2024. This property falls under the Thiruporur SRO and is classified as Residential Class II Type - II.

How the guideline value of Srs Avenue Phase III has changed

The guideline value for Srs Avenue Phase III has remained stable at Rs 1,300 per sq.ft from the 2023 revision to the 2024 revision, reflecting a change of +0%. Prior to the 2023 revision, the register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

In the 2023 revision, the guideline value was also Rs 1,300 per sq.ft. Therefore, there has been no change in the guideline value for this street over the last two revisions.

Guideline values in Asthinapuram

In Asthinapuram village, there are 32 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 600 to Rs 3,300 per sq.ft, with a median value of Rs 1,614 per sq.ft. The guideline value for Srs Avenue Phase III is below this median.

• Srs Avenue Phase II: Rs 1,300 per sq.ft (2024)
• Srs Avenue Phase IV: Rs 1,300 per sq.ft (2024)
• Srs Avenue Phase I: Rs 1,300 per sq.ft (2024)
• Srs Avenue: Rs 1,300 per sq.ft (2024)
• Sri Sks Sai Nagar: Rs 2,000 per sq.ft (2024)
• Sm Kbs Uptown: Rs 1,614 per sq.ft (2024)

Stamp duty and registration fee for property in Srs Avenue Phase III

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total cost for these fees to Rs 1,17,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Srs Avenue Phase III?

The Srs Avenue Phase III is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial reference point during property transactions in Asthinapuram. It is used to determine the stamp duty and registration fees that must be paid when registering a property sale or purchase.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and fairly in the official records maintained by the registration department. This helps in maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value of Srs Avenue Phase III?

The current guideline value of Srs Avenue Phase III is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 1,300 per sq.ft from the 2023 revision to the 2024 revision. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What are the stamp duty and registration fees for property in Srs Avenue Phase III?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000. Duty is charged on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers Srs Avenue Phase III?

The Thiruporur Sub Registrar Office covers Srs Avenue Phase III, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

What is the median guideline value in Asthinapuram?

The median guideline value in Asthinapuram is Rs 1,614 per sq.ft, with Srs Avenue Phase III's guideline value being below this median.