Guideline Value for Sri Ram Avenue

Sri Ram Avenue guideline value

The current guideline value of Sri Ram Avenue in Agaram village is Rs 150 per sq.ft, effective from 1 July 2024. This area falls under the Sunguvarchattram SRO and is classified as Residential Class I Type - I.

How the guideline value of Sri Ram Avenue has changed

The guideline value for Sri Ram Avenue has seen several revisions over the years. In 2007, the guideline value was Rs 50 per sq.ft, which then increased to Rs 150 per sq.ft in 2012. Following that, the value decreased by 33% to Rs 100 per sq.ft in 2017. The 2023 revision maintained the value at Rs 150 per sq.ft, and the current 2024 revision also stands at Rs 150 per sq.ft, reflecting no change from the previous year. The register has no figures for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 200%. The significant changes include a 200% increase from 2007 to 2012, followed by a 50% increase from 2017 to 2023, and no change from 2023 to 2024.

Guideline values in Agaram

Agaram village has ten streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 102 to Rs 374 per sq.ft. The median value for these streets is Rs 126 per sq.ft, placing Sri Ram Avenue's 2024 figure above this median.

• Perumal Kovil Street: Rs 102 per sq.ft (2024)
• Nammalwar Nagar: Rs 374 per sq.ft (2024)
• Mettu Street: Rs 102 per sq.ft (2024)
• Gangaiamman Kovil Street: Rs 102 per sq.ft (2024)
• Eden Garden Farm Land: Rs 102 per sq.ft (2024)
• Dnh Sri Maheswari Avenue: Rs 352 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 rate of Rs 150 per sq.ft, the 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, totaling Rs 13,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Ram Avenue?

The Sub Registrar Office covering Sri Ram Avenue is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value is an important factor in property transactions in Agaram. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area. Buyers should be aware that the guideline value may differ from the actual sale price.

When registering a property, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the transaction is recorded accurately and complies with local regulations.

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 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revisions in 2023 and 2024 maintaining the value at Rs 150 per sq.ft. The value increased from Rs 100 per sq.ft in 2017 and has seen a 200% increase from Rs 50 per sq.ft in 2007.

What are the stamp duty and registration fees for property in Sri Ram Avenue?

For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500, and the registration fee would be Rs 3,000, totaling Rs 13,500. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Sri Ram Avenue?

The Sunguvarchattram Sub Registrar Office covers Sri Ram Avenue, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

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.