Guideline Value for Sirushti Avenue

Sirushti Avenue guideline value

The current guideline value of Sirushti Avenue is Rs 300 per sq.ft. It is located in Sonalur village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Sirushti Avenue has changed

The guideline value for Sirushti Avenue has seen several revisions over the years. In the 2007 revision, the guideline value was set at Rs 30 per sq.ft. This increased significantly to Rs 300 per sq.ft in the 2012 revision, marking a substantial rise of 900%. However, in the 2017 revision, the value decreased to Rs 201 per sq.ft, a drop of 33%. The most recent revision in 2023 brought the guideline value back up to Rs 300 per sq.ft, reflecting an increase of 49% from the previous revision.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 900%. It is worth noting that the register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Sonalur

Currently, there are no specific village figures available for Sonalur. Sirushti Avenue is the only street mentioned under the Gooduvancheri SRO. There are no other streets in Sonalur listed.

Stamp duty and registration fee for property in Sirushti Avenue

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value is Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. 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 the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sirushti Avenue?

The Sirushti Avenue falls under the jurisdiction of the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Sonalur, as it determines the minimum value at which a property can be registered. Buyers must consider the guideline value when calculating the stamp duty and registration fees, which are based on this value or the sale price, whichever is higher.

During the registration process, the guideline value helps ensure transparency and fairness in property transactions. It serves as a benchmark for assessing property values and is essential for legal documentation and taxation purposes.

Frequently asked questions

What is the current guideline value of Sirushti Avenue?

The current guideline value of Sirushti Avenue is Rs 300 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 30 per sq.ft in 2007 to Rs 300 per sq.ft in 2012, then decreased to Rs 201 per sq.ft in 2017, and returned to Rs 300 per sq.ft in 2023.

What land classification is assigned to Sirushti Avenue?

Sirushti Avenue is classified as Residential Special Type - I, indicating its suitability for residential development.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the same. For example, for a 1,000 sq.ft plot, the total fees would be Rs 27,000.