Guideline Value for Sri Ram Avenue
₹250/sq.ft.
The guideline value for Sri Ram Avenue in Somangalam_b village (Sriperumpudur SRO, Chengalpattu zone) is Rs 250 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Somangalam_b
Village
Sriperumpudur
SRO
Residential Class II Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹250 /sq.ft. |
| From 1-4-2023 | ₹250 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹167 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | N/A |
| From 1-8-2007 To 31-3-2012 | N/A |
| From 1-4-2003 To 31-7-2007 | N/A |
| From 1-4-2002 To 31-3-2003 | N/A |
Guideline Value Timeline
Guideline Value Comparison
DRO (District Registrar Office)
No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]
Records for a plot on Sri Ram Avenue
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Sriperumpudur sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Sri Ram Avenue guideline value
The current guideline value of Sri Ram Avenue in Somangalam_B village, under the Sriperumpudur SRO, is Rs 250 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class II Type - I land classification.
How the guideline value of Sri Ram Avenue has changed
The guideline value for Sri Ram Avenue has seen several revisions over the years. The 2017 revision set the value at Rs 167 per sq.ft. This remained unchanged until the 2023 revision, which also recorded Rs 250 per sq.ft, reflecting a 50% increase from the 2017 figure. The 2024 revision maintained the same guideline value of Rs 250 per sq.ft, indicating no change from the previous year.
It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for Sri Ram Avenue. Overall, from 2017 to 2024, the guideline value has increased by 50%.
Guideline values in Somangalam_B
In Somangalam_B, there are 79 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 150 to Rs 2,500 per sq.ft. The median value is Rs 250 per sq.ft, which is equal to the current guideline value of Sri Ram Avenue.
- Sri Rajaganapathy Nagar: Rs 400 per sq.ft (2024)
- Sri Ranganathapuram Colony: Rs 250 per sq.ft (2024)
- Srinivasapuram: Rs 200 per sq.ft (2024)
- Sri Lakshmi Nagar: Rs 400 per sq.ft (2024)
- Sri Kumaran Nagar: Rs 400 per sq.ft (2024)
- Sri Thanmitha City: Rs 350 per sq.ft (2024)
Stamp duty and registration fee for property in Sri Ram Avenue
For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, while the registration fee at 2% would be Rs 5,000. Together, the total cost for stamp duty and registration would be Rs 22,500. Please note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.
Which Sub Registrar Office covers Sri Ram Avenue?
The Sub Registrar Office that covers Sri Ram Avenue is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Somangalam_B
The guideline value is a critical factor in the registration process when buying or selling property in Somangalam_B. It determines the amount of stamp duty and registration fees that need to be paid during the transaction.
When a buyer or seller approaches the Sriperumpudur SRO for registration, the guideline value is assessed to ensure compliance with the legal requirements. This value is used to calculate the applicable fees, ensuring that both parties are aware of the financial implications of the transaction.
Frequently asked questions
What is the current guideline value of Sri Ram Avenue?
The current guideline value of Sri Ram Avenue is Rs 250 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has remained at Rs 250 per sq.ft from 2023 to 2024, while it increased from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023, marking a 50% increase overall from 2017 to 2024.
What is the land classification for Sri Ram Avenue?
Sri Ram Avenue is classified as Residential Class II Type - I, which indicates its suitability for residential development.
Where can I find the Sub Registrar Office for Sri Ram Avenue?
The Sub Registrar Office covering Sri Ram Avenue is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.
How is the stamp duty calculated for properties in Sri Ram Avenue?
Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 250 per sq.ft, the stamp duty would amount to Rs 17,500.
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