Guideline Value for SRS AVENUE PHASE IV

Srs Avenue Phase IV guideline value

The current guideline value of Srs Avenue Phase IV 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 IV has changed

Since the 2002 revision, the register has no figure for Srs Avenue Phase IV until the 2023 revision, which also recorded the guideline value at Rs 1,300 per sq.ft. The 2024 revision maintained the same value of Rs 1,300 per sq.ft, indicating a change of +0% from the previous year.

Overall, the guideline value has remained stable at Rs 1,300 per sq.ft for both the 2023 and 2024 revisions. No figures are available for the years 2003, 2007, 2012, and 2017 for this street.

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 of Srs Avenue Phase IV is below this median.

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

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 to Rs 1,17,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Srs Avenue Phase IV?

The Srs Avenue Phase IV 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 information.

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

The guideline value is a crucial factor during the registration of property transactions in Asthinapuram. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

When buying or selling property, the guideline value helps determine the official value of the property for legal and tax purposes. This ensures that both buyers and sellers are aware of the financial implications involved in the transaction.

Frequently asked questions

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

The current guideline value of Srs Avenue Phase IV 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 at Rs 1,300 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2003, 2007, 2012, and 2017 for this street.

What is the land classification of Srs Avenue Phase IV?

Srs Avenue Phase IV is classified as Residential Class II Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

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. This is calculated based on the guideline value or the sale price, whichever is higher.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.