Guideline Value for Shaloom Avenue

Shaloom Avenue guideline value

The current guideline value of Shaloom Avenue in Agraharam Male village is Rs 770 per sq.ft, effective from 1 July 2024. This property falls under the Poonamallee Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Shaloom Avenue has changed

The guideline value for Shaloom Avenue has undergone several revisions over the years. The 2012 revision set the value at Rs 700 per sq.ft, which then decreased to Rs 469 per sq.ft in the 2017 revision. Following this, the value rose significantly to Rs 700 per sq.ft in 2023 and further increased to Rs 770 per sq.ft in 2024, marking a 10% rise from the previous year.

Between the 2017 and 2023 revisions, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Agraharam Male

In Agraharam Male, there are 16 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 1,400 per sq.ft, with the median value being Rs 770 per sq.ft. Shaloom Avenue's guideline value of Rs 770 per sq.ft aligns with this median.

• Sri Chethan Avenue: Rs 800 per sq.ft (2024)
• Sri Narasimha Nagar: Rs 770 per sq.ft (2024)
• The Ark Avenue: Rs 770 per sq.ft (2024)
• The Ark Enclave: Rs 770 per sq.ft (2024)
• Uptown Park: Rs 770 per sq.ft (2024)
• Mid Town Avenue: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Shaloom Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, totaling Rs 69,300. The 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 Shaloom Avenue?

The Sub Registrar Office that covers Shaloom Avenue is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Agraharam Male. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is assessed to ensure that the transaction is registered at a value that reflects the current market standards. This helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Shaloom Avenue?

The current guideline value of Shaloom Avenue is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What are the other streets in Agraharam Male?

Other streets in Agraharam Male include Sri Chethan Avenue, Sri Narasimha Nagar, The Ark Avenue, The Ark Enclave, Uptown Park, and Mid Town Avenue, each with their respective guideline values.

What is the stamp duty rate for properties in Shaloom Avenue?

The stamp duty rate for properties in Shaloom Avenue is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Shaloom Avenue?

The Sub Registrar Office for Shaloom Avenue is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.