Guideline Value for Sri Ram Avenue

Sri Ram Avenue guideline value

The current guideline value of Sri Ram Avenue in AagaramB village is Rs 150 per sq.ft, effective from the 2024 revision. This property falls under the Residential Class I Type - I land classification and is registered with the Sunguvarchattram SRO.

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 most recent revision in 2024 maintains the guideline value at Rs 150 per sq.ft, unchanged from the 2023 revision. Prior to that, in 2017, the guideline value was Rs 100 per sq.ft, marking a 50% increase to the current rate. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 50%, and the overall change from 2017 to 2024 is also 50%. This indicates a consistent valuation for Sri Ram Avenue over the last few years, particularly since 2023.

Guideline values in AagaramB

AagaramB village has ten streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 374 per sq.ft. The median value for these streets is Rs 125 per sq.ft, placing Sri Ram Avenue's 2024 rate above this median.

• Perumal Kovil Street: Rs 100 per sq.ft (2024)
• Nammalwar Nagar: Rs 374 per sq.ft (2024)
• Mettu Street: Rs 100 per sq.ft (2024)
• Gangaiamman Kovil Street: Rs 100 per sq.ft (2024)
• Eden Garden Farm Land: Rs 100 per sq.ft (2024)
• Dnh Sri Maheswari Avenue: 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 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total fees to Rs 13,500. It is important to 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 Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in AagaramB. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value helps in assessing the financial obligations that arise from the transaction. It ensures that both parties are aware of the costs associated with the transfer of property ownership.

Frequently asked questions

What is the current guideline value of Sri Ram Avenue?

The current guideline value of Sri Ram Avenue is Rs 150 per sq.ft, effective from the 2024 revision.

How much has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft from 2023 to 2024, and it increased by 50% from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in 2024.

What is the land classification for Sri Ram Avenue?

Sri Ram Avenue is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the registration office for properties in AagaramB?

The registration office for properties in AagaramB is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

How is 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 the current rate, the total guideline value would be Rs 1,50,000, leading to a stamp duty of Rs 10,500.