Guideline Value

Corporate

Guideline Value for Sri Ram Avenue

₹250/sq.ft.

The guideline value for Sri Ram Avenue in Koozhangacheri village (Sunguvarchattram SRO, Chengalpattu zone) is Rs 250 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Koozhangacheri

Village

Sunguvarchattram

SRO

Residential Class I 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 ₹250 /sq.ft.
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

SRO (Sub Registrar Office)

Vadivamal Nagar Kandigai Road Caparo Company Opp,sunguvarchatram
044_29592196
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sri Ram Avenue

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Sri Ram Avenue guideline value

The current guideline value of Sri Ram Avenue in Koozhangacheri village is Rs 250 per sq.ft, effective from 1 July 2024. This property falls under the Sunguvarchattram SRO and is classified as Residential Class I Type - I.

How the guideline value of Sri Ram Avenue has changed

Looking at the historical revisions, the guideline value for Sri Ram Avenue has seen several changes. In 2012, the value was Rs 250 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 167 per sq.ft, marking a decrease of 33%. However, the value increased by 50% in the 2023 revision, bringing it back to Rs 250 per sq.ft, and it has remained the same in the 2024 revision.

There are no figures available for the years 2002, 2003, and 2007 for this street. Therefore, the guideline value has remained at Rs 250 per sq.ft from 2023 to 2024, showing no change.

Guideline values in Koozhangacheri

In Koozhangacheri, there are 47 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,200 per sq.ft. The median value for these streets is Rs 226 per sq.ft, placing Sri Ram Avenue's 2024 figure above that median.

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 amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

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 Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for more information.

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

When buying or selling property in Koozhangacheri, the guideline value plays a crucial role in determining the registration fees and stamp duty. The guideline value is used to assess the value of the property for registration purposes, ensuring that the transaction is recorded accurately.

It is essential to be aware that the guideline value can influence the overall cost of purchasing property, as it directly affects the fees payable at the time of registration. Buyers should consider the guideline value when negotiating the sale price to ensure compliance 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 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then back to Rs 250 per sq.ft in 2023 and 2024. There are no figures for the years 2002, 2003, and 2007.

What is the classification of land in Sri Ram Avenue?

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

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

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot at Rs 250 per sq.ft, the total fees would amount to Rs 22,500.

Where can I find the Sub Registrar Office for Sri Ram Avenue?

The Sub Registrar Office for Sri Ram Avenue is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can also find more information online.