Guideline Value for Sri Sarweswari Avenu

Sri Sarweswari Avenu guideline value

The current guideline value of Sri Sarweswari Avenu is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Puthagaram village, under the Ambattur SRO, and is classified as Residential Special Type - III.

How the guideline value of Sri Sarweswari Avenu has changed

In the 2012 revision, the guideline value was set at Rs 2,200 per sq.ft. However, this figure saw a significant decrease in the 2017 revision, where it dropped to Rs 1,474 per sq.ft, marking a decline of 33%. The value then increased to Rs 2,200 per sq.ft in the 2023 revision, and remained unchanged in the 2024 revision, indicating a 49% increase from the 2017 figure.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, comparing the 2012 to the 2024 revisions, the guideline value has remained at Rs 2,200 per sq.ft, showing no change over this period.

Guideline values in Puthagaram

Puthagaram village has a total of 140 streets under the Ambattur SRO, with guideline values ranging from Rs 1,200 to Rs 3,800 per sq.ft as of 2024. The median guideline value in this area is Rs 1,900 per sq.ft, placing Sri Sarweswari Avenu's 2024 figure above this median.

• Sri sakthi Nagar Extention: Rs 2,200 per sq.ft (2024)
• Sri Singaravelavan Nagar: Rs 1,800 per sq.ft (2024)
• Sri Sakthi Nagar: Rs 2,200 per sq.ft (2024)
• Sri Vengadasai Nagar Anex: Rs 2,201 per sq.ft (2024)
• Sri Vengagasai Nagar: Rs 2,201 per sq.ft (2024)
• Sri Vengatesvera Nagar: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sarweswari Avenu

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Sarweswari Avenu?

The Sri Sarweswari Avenu is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor during the registration of property transactions in Puthagaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller approaches the Sub Registrar Office for registration, the guideline value is assessed to compute the necessary fees. This ensures that the transaction is documented accurately according to the prevailing regulations.

Frequently asked questions

What is the current guideline value of Sri Sarweswari Avenu?

The current guideline value of Sri Sarweswari Avenu is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, including a drop to Rs 1,474 per sq.ft in 2017 from Rs 2,200 in 2012, followed by a return to Rs 2,200 in 2023 and 2024.

What is the land classification for Sri Sarweswari Avenu?

Sri Sarweswari Avenu is classified as Residential Special Type - III, indicating its zoning for residential purposes.

Where can I find the Ambattur Sub Registrar Office?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Sri Sarweswari Avenu?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 22,00,000, the stamp duty would be calculated accordingly.