Guideline Value for Sri Priya Avenue

Sri Priya Avenue guideline value

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

How the guideline value of Sri Priya Avenue has changed

In the 2012 revision, the guideline value was Rs 700 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 469 per sq.ft, marking a decline of 33%. However, in the 2023 revision, the guideline value increased to Rs 700 per sq.ft, reflecting a growth of 49% from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value per sq.ft has remained the same at Rs 700. 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 provided for Keerapakkam. Sri Priya Avenue is classified under the Gooduvancheri SRO, which oversees the guideline values for this area.

Stamp duty and registration fee for property in Sri Priya Avenue

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Priya Avenue?

The Sub Registrar Office that covers Sri Priya Avenue is 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 Keerapakkam

The guideline value plays a crucial role in property transactions in Keerapakkam, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that all transactions are conducted transparently and fairly.

When registering a property, buyers must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions, which is essential for local development and infrastructure.

Frequently asked questions

What is the current guideline value of Sri Priya Avenue?

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

How has the guideline value changed over the years?

The guideline value of Sri Priya Avenue was Rs 700 per sq.ft in 2012, decreased to Rs 469 per sq.ft in 2017, and returned to Rs 700 per sq.ft in 2023. Overall, there has been no change from 2012 to 2023.

What are the stamp duty and registration fees for properties in Sri Priya Avenue?

For a property valued at Rs 7,00,000, the stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000.

Which Sub Registrar Office covers Sri Priya Avenue?

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

Are there any guideline value figures for previous revisions?

The register has no figures for the revisions in 2002, 2003, 2007, and 2024 for Sri Priya Avenue. The only available figures are from the 2012, 2017, and 2023 revisions.