Guideline Value for Sri Senthil Avenue

Sri Senthil Avenue guideline value

The current guideline value of Sri Senthil Avenue in Amarampedu village, under the Sriperumpudur SRO, is Rs 200 per sq.ft. This value is effective from the 2024 revision, which will be implemented on 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Sri Senthil Avenue has changed

The guideline value of Sri Senthil Avenue has seen several revisions over the years. In the 2007 revision, the value was Rs 125 per sq.ft, which increased to Rs 200 per sq.ft in the 2012 revision, maintaining the same value in the 2023 revision. The 2017 revision marked a significant increase to Rs 134 per sq.ft, followed by a consistent rate of Rs 200 per sq.ft in both the 2023 and 2024 revisions, indicating no change from 2023 to 2024.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 60%. The revisions for the years 2002 and 2003 do not have any figures listed for this street in the register.

Guideline values in Amarampedu

In Amarampedu, there are 45 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing Sri Senthil Avenue at this median value for 2024.

• Star city: Rs 200 per sq.ft (2024)
• Sri Ramkrishna Nagar: Rs 200 per sq.ft (2024)
• Sri Rajeswari Nagar: Rs 150 per sq.ft (2024)
• Sri Mahalaxmi Nagar: Rs 150 per sq.ft (2024)
• Sivan Koil Street: Rs 200 per sq.ft (2024)
• School Street: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Senthil Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. 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 Senthil Avenue?

The Sub Registrar Office that covers Sri Senthil Avenue is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Amarampedu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value is used to ensure that the transaction is registered at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Senthil Avenue?

The current guideline value of Sri Senthil Avenue is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 125 per sq.ft in 2007 to Rs 200 per sq.ft in 2012, remained the same in 2023 and 2024, and increased to Rs 134 per sq.ft in 2017.

What is the land classification for Sri Senthil Avenue?

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

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

The Sub Registrar Office for Sri Senthil Avenue is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for property in Sri Senthil Avenue?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 2,00,000, resulting in a stamp duty of Rs 14,000.