Guideline Value for SRS AVENUE PHASE I

Srs Avenue Phase I guideline value

The current guideline value of Srs Avenue Phase I is Rs 1,200 per sq.ft. This property is located in Rathinamangalam village and falls under the Gooduvancheri SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Srs Avenue Phase I has changed

The guideline value for Srs Avenue Phase I has remained consistent over the years. In the 2017 revision, the guideline value was set at Rs 1,200 per sq.ft, and this figure has not changed in the subsequent 2023 revision, which also lists the guideline value at Rs 1,200 per sq.ft. There are no figures available for the revisions in 2024, 2012, 2007, 2003, and 2002 for this street.

From 2017 to 2023, there was no percentage change in the guideline value, indicating stability in this particular rate over the six-year period. The consistent value of Rs 1,200 per sq.ft reflects the established pricing for this area.

Guideline values in Rathinamangalam

Currently, there are no specific village figures provided for Rathinamangalam. Srs Avenue Phase I is part of the properties evaluated under the Gooduvancheri SRO. There are no other streets in Rathinamangalam listed with guideline values.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty, charged at 7%, would be Rs 84,000, and the registration fee, charged at 2%, would be Rs 24,000. Together, these fees total Rs 1,08,000. It's important to note that the 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 I?

The Srs Avenue Phase I area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during property transactions in Rathinamangalam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers should be aware of the guideline value as it directly impacts the overall cost of the transaction.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration reflects a fair value for the property being transferred.

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 1,200 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value for Srs Avenue Phase I has remained unchanged at Rs 1,200 per sq.ft from the 2017 revision to the 2023 revision, indicating no percentage change.

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 guideline value is Rs 12,00,000. The stamp duty would be Rs 84,000, and the registration fee would be Rs 24,000, totaling Rs 1,08,000.

Which registration office covers Srs Avenue Phase I?

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

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It is important for buyers and sellers to be aware of this value as it affects the overall transaction costs.