Guideline Value for SRS AVENUE

Srs Avenue guideline value

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

How the guideline value of Srs Avenue has changed

The guideline value for Srs Avenue has remained constant at Rs 1,300 per sq.ft since the 2023 revision. Prior to that, the register has no figure for this street in the revisions from 2002, 2003, 2007, 2012, and 2017.

In the 2024 revision, the guideline value increased by 0% from the previous year, maintaining the same rate of Rs 1,300 per sq.ft as seen in the 2023 revision.

Guideline values in Asthinapuram

In Asthinapuram, there are a total of 32 streets under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 600 to Rs 3,300 per sq.ft. The median guideline value is Rs 1,614 per sq.ft, placing Srs Avenue's 2024 figure below that median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to 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, making the total cost for these fees 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.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Srs Avenue?

The Srs Avenue 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 during the registration of property transactions in Asthinapuram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Srs Avenue?

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

How has the guideline value changed over the years?

The guideline value for Srs Avenue has remained at Rs 1,300 per sq.ft since the 2023 revision, with no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Srs Avenue?

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

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

For a 1,000 sq.ft plot at the guideline value of Rs 1,300 per sq.ft, the total guideline value is 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.

Where is the Sub Registrar Office for Srs Avenue located?

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