Guideline Value for SRS AVENUE PHASE II

Srs Avenue Phase II guideline value

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

How the guideline value of Srs Avenue Phase II has changed

According to the register, there are no figures for the years 2002, 2003, 2007, 2012, and 2017 for Srs Avenue Phase II. The guideline value remained unchanged at Rs 1,300 per sq.ft from the 2023 revision to the 2024 revision, indicating a 0% change.

The 2024 revision sets the guideline value at Rs 1,300 per sq.ft, which is consistent with the 2023 revision. This stability in the guideline value reflects a consistent valuation for this street over the last two years.

Guideline values in Asthinapuram

In Asthinapuram, 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 II is below this median.

• Srs Avenue: Rs 1,300 per sq.ft (2024)
• Srs Avenue Phase I: Rs 1,300 per sq.ft (2024)
• Srs Avenue Phase III: Rs 1,300 per sq.ft (2024)
• Srs Avenue Phase IV: 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 II

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

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Srs Avenue Phase II?

The Srs Avenue Phase II 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 factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property in Asthinapuram, the guideline value is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

It is essential for buyers and sellers to be aware of the guideline value, as it affects the overall cost of the transaction. Understanding this value helps in making informed decisions during the registration process.

Frequently asked questions

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

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

How has the guideline value changed over the years?

There have been no figures for Srs Avenue Phase II in the revisions for the years 2002, 2003, 2007, 2012, and 2017. The guideline value remained unchanged at Rs 1,300 per sq.ft from the 2023 revision to the 2024 revision.

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 II's value being below this median.

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

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.

Which office handles property registrations for Srs Avenue Phase II?

The Thiruporur Sub Registrar Office handles property registrations for Srs Avenue Phase II, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.