Guideline Value for Sri Devi Avenue

Sri Devi Avenue guideline value

The current guideline value of Sri Devi Avenue in Puthagaram village is Rs 1,600 per sq.ft, effective from 1 July 2024. This property falls under the Ambattur Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Sri Devi Avenue has changed

The guideline value of Sri Devi Avenue has seen several revisions over the years. In 2012, the value was set at Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,500 per sq.ft in 2023, and further rose to Rs 1,600 per sq.ft in 2024, marking a 7% increase from the previous year.

From 2012 to 2024, the overall change in guideline value is an increase of 7%. The revisions for the years 2002, 2003, and 2007 do not have any figures available for this street.

Guideline values in Puthagaram

In Puthagaram, there are 140 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,200 to Rs 3,800 per sq.ft, with a median value of Rs 1,900 per sq.ft. The guideline value for Sri Devi Avenue is below this median.

• Sri Ganapathy Nagar: Rs 2,201 per sq.ft (2024)
• Sri Kamalam Nagar: Rs 1,900 per sq.ft (2024)
• Sri Kumaran Nagar: Rs 1,900 per sq.ft (2024)
• Sri Kumaran Nagar Extn.: Rs 1,900 per sq.ft (2024)
• Sri Lakshmi amman Nagar: Rs 1,900 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Devi Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total cost to Rs 1,44,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Devi Avenue?

The Sub Registrar Office that covers Sri Devi Avenue 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 property transactions in Puthagaram, as it determines the minimum value at which a property can be registered. This value is used to calculate the applicable stamp duty and registration fees during the sale or purchase of property.

When a buyer or seller engages in a transaction, the guideline value ensures that the property is not undervalued, thereby protecting the interests of both parties. It is essential to refer to the latest guideline values to ensure compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Sri Devi Avenue?

The current guideline value of Sri Devi Avenue is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.

What are the other guideline values in Puthagaram?

Other streets in Puthagaram have varying guideline values ranging from Rs 1,200 to Rs 3,800 per sq.ft, with a median value of Rs 1,900 per sq.ft.

What are the fees associated with buying property in Sri Devi Avenue?

For a 1,000 sq.ft plot, the total guideline value is Rs 16,00,000, with a stamp duty of Rs 1,12,000 and a registration fee of Rs 32,000, totaling Rs 1,44,000.

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

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