Guideline Value for Sri Avenue

Sri Avenue guideline value

The current guideline value of Sri Avenue, located in Sriperumbudur A village under the Sriperumpudur SRO, is Rs 700 per sq.ft. This value is effective from 1 July 2024. The land classification for this area is Residential Class III Type - I.

How the guideline value of Sri Avenue has changed

The guideline value for Sri Avenue has seen several revisions over the years. In the 2017 revision, the guideline value was set at Rs 469 per sq.ft. This value remained unchanged until the 2023 revision, which also recorded Rs 700 per sq.ft. The latest revision in 2024 has maintained this figure, resulting in no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the increase remains at 49%, as the value has not changed since 2023.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, which is equal to the guideline value of Sri Avenue.

• SriDevi Nagar: Rs 700 per sq.ft (2024)
• Spring Blossoms: Rs 800 per sq.ft (2024)
• Sri Ganapathy Nagar: Rs 1,200 per sq.ft (2024)
• Sorkam Nagar: Rs 1,200 per sq.ft (2024)
• Sri Ganapathy Nagar Colony: Rs 700 per sq.ft (2024)
• Sri Ganapathy Nagar Extn: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, while the registration fee at 2% would be Rs 14,000, bringing the total charges to Rs 63,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Avenue?

The Sub Registrar Office that covers Sri Avenue is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an important factor during the registration of property transactions in Sriperumbudur A. 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 used to calculate the applicable charges. This ensures that the transaction is documented accurately and that the government receives the necessary revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Avenue?

The current guideline value of Sri Avenue is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Sri Avenue has remained at Rs 700 per sq.ft since 2023. It was Rs 469 per sq.ft in 2017, reflecting a 49% increase over the years.

What are the other streets with guideline values in Sriperumbudur A?

Other streets in Sriperumbudur A include SriDevi Nagar and Sri Ganapathy Nagar Colony, both at Rs 700 per sq.ft, while Spring Blossoms is at Rs 800 per sq.ft, and Sri Ganapathy Nagar and Sorkam Nagar are at Rs 1,200 per sq.ft.

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

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

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

The Sub Registrar Office for Sri Avenue is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.