Guideline Value for Sri Raghavendhra Avenue

Sri Raghavendhra Avenue guideline value

The current guideline value of Sri Raghavendhra Avenue is Rs 990 per sq.ft, effective from 1 July 2024. This street is located in Thandalam village, under the Pammal SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sri Raghavendhra Avenue has changed

The guideline value for Sri Raghavendhra Avenue has seen several revisions over the years. The oldest revision available is from 2017, where the value was Rs 603 per sq.ft. This increased to Rs 900 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 990 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Thandalam

In Thandalam, there are 56 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,210 per sq.ft, placing Sri Raghavendhra Avenue's 2024 figure below that median.

• Sri Kamatchi Gardens: Rs 3,300 per sq.ft (2024)
• Sri Kamachi Garden Phase - II: Rs 3,300 per sq.ft (2024)
• Sri Ganesh Nagar: Rs 880 per sq.ft (2024)
• Sri Vijayalakshmi Garden: Rs 2,200 per sq.ft (2024)
• Sri Dhanalakshmi Nagar: Rs 1,210 per sq.ft (2024)
• S.S.Garden: Rs 1,480 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Raghavendhra Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, totaling Rs 89,100. Please note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Raghavendhra Avenue?

Sri Raghavendhra Avenue falls under the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Thandalam. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When registering a property, the guideline value is used to calculate applicable stamp duty and registration fees. This ensures that both parties in a transaction are aware of the financial implications associated with the sale or purchase of property.

Frequently asked questions

What is the current guideline value of Sri Raghavendhra Avenue?

The current guideline value of Sri Raghavendhra Avenue is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 603 per sq.ft in 2017 to Rs 900 per sq.ft in 2023, and then to Rs 990 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300 and the registration fee would be Rs 19,800, totaling Rs 89,100. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Sri Raghavendhra Avenue?

The Pammal Sub Registrar Office handles property registrations for Sri Raghavendhra Avenue. It is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the median guideline value for streets in Thandalam?

The median guideline value for streets in Thandalam is Rs 1,210 per sq.ft. Sri Raghavendhra Avenue's 2024 figure is below this median.