Guideline Value for Sri Ram Avenue
₹1320/sq.ft.
The guideline value for Sri Ram Avenue in Irumpuliyur village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 1320 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Irumpuliyur
Village
Tambaram Joint 1
SRO
Residential Class I Type - II
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹1320 /sq.ft. |
| From 1-4-2023 | ₹1200 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹804 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹1200 /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)
No.26,mes Road, East Tambaram, Chennai-600059.
044-22397171
[email protected]
DRO (District Registrar Office)
Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
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[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
- Tambaram Joint 1 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 is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Irumpuliyur village, under the Tambaram Joint 1 SRO, and is classified as Residential Class I Type - II.
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 earliest recorded revision was in 2012, where the value was Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in 2017, and then an increase to Rs 1,200 per sq.ft in 2023. The latest revision in 2024 set the value at Rs 1,320 per sq.ft, marking a 10% increase from the previous year.
From 2012 to 2017, the guideline value experienced a decline of 33%. However, from 2017 to 2023, there was a significant increase of 49%. Overall, comparing the figures from 2012 to 2024, the guideline value has increased by 10%. Notably, there are no recorded figures for the years 2002, 2003, and 2007 for this street.
Guideline values in Irumpuliyur
In Irumpuliyur village, there are 218 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft, with a median value of Rs 2,200 per sq.ft. Sri Ram Avenue's current guideline value is below this median.
- Sri Ram Nagar (North): Rs 3,300 per sq.ft (2024)
- Sri Ram Nagar (South): Rs 3,300 per sq.ft (2024)
- Sriram Nagar South 1st Street: Rs 3,300 per sq.ft (2024)
- Sriram Nagar South 2nd Street: Rs 3,300 per sq.ft (2024)
- Sriram Nagar South 3rd Street: Rs 3,300 per sq.ft (2024)
- Sriram Nagar South 4th Street: Rs 3,300 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 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. 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 precise calculations based on your property details.
Which Sub Registrar Office covers Sri Ram Avenue?
The Sub Registrar Office that covers Sri Ram Avenue is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Irumpuliyur
The guideline value is a crucial factor in property transactions, as it determines the minimum price at which a property can be registered. When buying or selling property in Irumpuliyur, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the transaction.
It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process. This value not only reflects the official pricing but also aids in the assessment of fair transaction practices.
Frequently asked questions
What is the current guideline value of Sri Ram Avenue?
The current guideline value of Sri Ram Avenue is Rs 1,320 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.
What are the stamp duty and registration fees for property in Sri Ram Avenue?
For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.
Which Sub Registrar Office covers Sri Ram Avenue?
The Tambaram Joint 1 Sub Registrar Office covers Sri Ram Avenue, located at No.26, Mes Road, East Tambaram, Chennai-600059.
What is the land classification of Sri Ram Avenue?
Sri Ram Avenue is classified as Residential Class I Type - II, indicating its suitability for residential development.
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