Guideline Value for SRS AVENUE

Srs Avenue guideline value

The current guideline value of Srs Avenue in Nalambakkam village is Rs 3,433 per sq.ft, as per the 2023 revision. This street falls under the Gooduvancheri SRO and is classified as Residential Special Type - IV.

How the guideline value of Srs Avenue has changed

In the 2017 revision, the guideline value for Srs Avenue was Rs 2,300 per sq.ft. This figure increased to Rs 3,433 per sq.ft in the 2023 revision, marking a significant change of +49% over the six-year period. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2024 for this street.

From the 2017 revision to the 2023 revision, the increase reflects the adjustments made by the Registration Department's guideline value register (TNReginet). The absence of figures for previous and future revisions indicates that the guideline value has not been consistently updated over the years.

Guideline values in Nalambakkam

Currently, there are no specific village figures available for Nalambakkam. Srs Avenue is the only street mentioned in the context of the guideline value under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Srs Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 3,433 per sq.ft, the total 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.

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

Which Sub Registrar Office covers Srs Avenue?

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

To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Nalambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When you buy or sell property, the guideline value is used to calculate the applicable taxes and fees. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Srs Avenue?

The current guideline value of Srs Avenue is Rs 3,433 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value increased from Rs 2,300 per sq.ft in the 2017 revision to Rs 3,433 per sq.ft in the 2023 revision, reflecting a change of +49%.

Are there any guideline values for previous years?

The register does not have figures for the years 2002, 2003, 2007, 2012, and 2024 for Srs Avenue.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 34,33,000, resulting in a stamp duty of Rs 2,40,310 and a registration fee of Rs 68,660, totaling Rs 3,08,970.

Which Sub Registrar Office covers Srs Avenue?

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