Guideline Value for Sri Priya Avenue Extn

Sri Priya Avenue Extn guideline value

The current guideline value of Sri Priya Avenue Extn is Rs 700 per sq.ft. This street is located in Keerapakkam village, under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Sri Priya Avenue Extn has changed

In the 2012 revision, the guideline value was Rs 700 per sq.ft. However, in the 2017 revision, it decreased to Rs 469 per sq.ft, marking a decline of 33%. The most recent revision in 2023 saw the guideline value increase to Rs 700 per sq.ft again, reflecting a significant rise of 49% from the 2017 figure.

Overall, from the 2012 to the 2023 revision, the guideline value has remained unchanged at Rs 700 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Keerapakkam

Currently, there are no specific village figures available for Keerapakkam. Sri Priya Avenue Extn is one of the streets in this area, but there are no other streets in Keerapakkam listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Sri Priya Avenue Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty is calculated at 7%, which amounts to Rs 49,000, while the registration fee is charged at 2%, totaling Rs 14,000. Therefore, the total cost for stamp duty and registration fee together would be Rs 63,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Priya Avenue Extn?

The Gooduvancheri Sub Registrar Office covers Sri Priya Avenue Extn. The address is Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Keerapakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the government records.

When a property is sold, the buyer is required to pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Priya Avenue Extn?

The current guideline value of Sri Priya Avenue Extn is Rs 700 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has seen fluctuations, with the 2012 revision at Rs 700 per sq.ft, decreasing to Rs 469 per sq.ft in 2017, and then returning to Rs 700 per sq.ft in 2023.

What is the land classification for Sri Priya Avenue Extn?

The land classification for Sri Priya Avenue Extn is Residential Special Type - I.

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 is stamp duty calculated for properties in Sri Priya Avenue Extn?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft would incur a stamp duty of Rs 49,000.