Guideline Value for Shravanthi City

Shravanthi City guideline value

The current guideline value of Shravanthi City, located in Puthagaram village under the Ambattur SRO, is Rs 2,201 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - I.

How the guideline value of Shravanthi City has changed

The guideline value for Shravanthi City has undergone several revisions over the years. In 2012, the guideline value was set at Rs 2,000 per sq.ft. This figure decreased to Rs 1,340 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase, with the value rising to Rs 2,000 per sq.ft in 2023, and then further increasing to Rs 2,201 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Puthagaram

Puthagaram village has a total of 140 streets under the Ambattur SRO, with guideline values ranging from Rs 1,200 to Rs 3,800 per sq.ft. The median guideline value for these streets is Rs 1,900 per sq.ft, placing Shravanthi City's 2024 figure above this median.

• Shanmuga Avenue: Rs 3,000 per sq.ft (2024)
• Sivaji Nagar: Rs 2,200 per sq.ft (2024)
• Sivasakthivelan Nagar: Rs 3,000 per sq.ft (2024)
• Soorapattu Main Road: Rs 2,200 per sq.ft (2024)
• S.B.O.A .Teachers Nagar: Rs 2,200 per sq.ft (2024)
• Sathyanagar Anex: Rs 3,000 per sq.ft (2024)

Stamp duty and registration fee for property in Shravanthi City

For a 1,000 sq.ft plot at the current guideline value of Rs 2,201 per sq.ft, the total guideline value would be Rs 22,01,000. The stamp duty at 7% would amount to Rs 1,54,070, and the registration fee at 2% would be Rs 44,020, leading to a total cost of Rs 1,98,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Shravanthi City?

The Sub Registrar Office that covers Shravanthi City is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Puthagaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

Frequently asked questions

What is the current guideline value of Shravanthi City?

The current guideline value of Shravanthi City is Rs 2,201 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,201 per sq.ft in 2024.

What is the land classification for Shravanthi City?

Shravanthi City is classified as Mixed Type - I under the land classification system.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2% of the same. For a 1,000 sq.ft plot, the total cost would be Rs 1,98,090.

Which Sub Registrar Office covers the area of Shravanthi City?

The Ambattur Sub Registrar Office covers Shravanthi City, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.