Guideline Value for Sri Kumaran Avenue

Sri Kumaran Avenue guideline value

The current guideline value of Sri Kumaran Avenue in Thangi village is Rs 126 per sq.ft, effective from 1 July 2024. This street falls under the Walajabad Sub Registrar Office (SRO) and is classified as Residential Class II Type - III.

How the guideline value of Sri Kumaran Avenue has changed

Looking at the historical revisions, the guideline value for Sri Kumaran Avenue was Rs 125 per sq.ft in 2012. It then decreased to Rs 84 per sq.ft in 2017, reflecting a drop of 33%. However, from 2017 to 2023, the value increased significantly by 50%, bringing it back to Rs 126 per sq.ft in 2023, a figure that remained unchanged in the 2024 revision.

The register has no figures for the revisions in 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has seen a slight increase of 1%.

Guideline values in Thangi

In Thangi village, there are six streets under the Walajabad SRO that have a 2024 guideline value ranging from Rs 126 to Rs 300 per sq.ft. The median value for these streets is Rs 225 per sq.ft, positioning Sri Kumaran Avenue below this median.

• Subiksham Nagar: Rs 200 per sq.ft (2024)
• Thirukumaran Avenue: Rs 126 per sq.ft (2024)
• Aparna Avenue: Rs 300 per sq.ft (2024)
• Anugragham Nagar Ext: Rs 250 per sq.ft (2024)
• Vetri Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Kumaran Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 126 per sq.ft, the total guideline value amounts to Rs 1,26,000. The stamp duty charged at 7% would be Rs 8,820, while the registration fee at 2% would be Rs 2,520, resulting in a total of Rs 11,340. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Kumaran Avenue?

The Walajabad Sub Registrar Office covers Sri Kumaran Avenue. The office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which properties can be registered. When buying or selling property in Thangi, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

It is essential for buyers and sellers to be aware of the guideline value, as it can significantly impact the overall cost of property transactions. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Sri Kumaran Avenue?

The current guideline value of Sri Kumaran Avenue is Rs 126 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 126 per sq.ft. It was previously Rs 126 in 2023, Rs 84 in 2017, and Rs 125 in 2012.

What is the land classification for Sri Kumaran Avenue?

Sri Kumaran Avenue is classified as Residential Class II Type - III. This classification is important for determining the permissible uses of the land.

Where can I find the Walajabad Sub Registrar Office?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. This office handles the registration of properties in the area.

How is the stamp duty calculated for properties in Sri Kumaran Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 1,26,000 would incur a stamp duty of Rs 8,820 at 7% and a registration fee of Rs 2,520 at 2%.