Guideline Value for SRUTHI AVENUE

Sruthi Avenue guideline value

The current guideline value of Sruthi Avenue is Rs 400 per sq.ft. This street is located in Thozhuvur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Sruthi Avenue has changed

Looking at the revisions, the guideline value for Sruthi Avenue was Rs 400 per sq.ft in 2012. This figure remained the same in the subsequent revision in 2017, where it dropped to Rs 268 per sq.ft. The most recent revision in 2023 saw the guideline value increase to Rs 400 per sq.ft, marking a change of +49% from the 2017 figure. Overall, from 2012 to 2023, there has been no change in the guideline value.

The register has no figures for the revisions in 2002, 2003, 2007, and 2024 for this street. It is important to note that the fluctuations in the guideline value reflect the revisions made by the Registration Department's guideline value register (TNReginet).

Guideline values in Thozhuvur

Currently, there are no specific village figures available for Thozhuvur. Sruthi Avenue is the only street mentioned under the Tiruvallur Joint 1 SRO.

Stamp duty and registration fee for property in Sruthi Avenue

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. 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 Sruthi Avenue?

The Sub Registrar Office that covers Sruthi Avenue is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is crucial during the registration process when buying or selling property in Thozhuvur. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

Additionally, the guideline value influences the stamp duty and registration fees that must be paid at the time of registration. Buyers and sellers should be aware of these values to ensure compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Sruthi Avenue?

The current guideline value of Sruthi Avenue is Rs 400 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value for Sruthi Avenue was Rs 400 per sq.ft in 2012, decreased to Rs 268 per sq.ft in 2017, and then increased back to Rs 400 per sq.ft in 2023. Overall, from 2012 to 2023, there has been no change in the guideline value.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty would be Rs 28,000, and the registration fee would be Rs 8,000, totaling Rs 36,000.

Which Sub Registrar Office covers Sruthi Avenue?

The Tiruvallur Joint 1 Sub Registrar Office covers Sruthi Avenue. The office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

Are there other streets in Thozhuvur with guideline values?

Currently, there are no other streets in Thozhuvur mentioned under the Tiruvallur Joint 1 SRO. Sruthi Avenue is the only street listed with a guideline value.