Guideline Value for Sri Sheshadhri Avenue

Sri Sheshadhri Avenue guideline value

The current guideline value of Sri Sheshadhri Avenue, located in Kaval Kazhani village, is Rs 400 per sq.ft. This value is effective from the 2024 revision and is classified as Residential Special Type - I under the Sunguvarchattram SRO.

How the guideline value of Sri Sheshadhri Avenue has changed

The guideline value for Sri Sheshadhri Avenue has seen several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged in the 2017 revision. However, in the 2017 revision, the value increased to Rs 268 per sq.ft, marking a decrease of 33%. From 2017 to 2023, the value surged by 49%, bringing it back to Rs 400 per sq.ft. The 2023 revision maintained this figure, and the current 2024 revision continues to hold the guideline value at Rs 400 per sq.ft, resulting in no change from the previous year.

There are no recorded figures for Sri Sheshadhri Avenue in the revisions of 2002, 2003, and 2007. Thus, the historical data primarily reflects the values from 2012 onwards, with the significant changes occurring between 2017 and 2023.

Guideline values in Kaval Kazhani

In Kaval Kazhani, there are 20 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 226 to Rs 1,550 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value for Sri Sheshadhri Avenue is above this median.

• Suncity: Rs 300 per sq.ft (2024)
• Suncity I,II: Rs 300 per sq.ft (2024)
• Sri Nagar: Rs 400 per sq.ft (2024)
• Teachers VIP Layout: Rs 400 per sq.ft (2024)
• Thirumagal Nagar: Rs 226 per sq.ft (2024)
• Thirumalai nagar phase-III: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sheshadhri Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Sheshadhri Avenue?

The Sub Registrar Office that covers Sri Sheshadhri Avenue is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Kaval Kazhani. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the official valuation of the property.

When buying or selling property, it is essential to be aware of the guideline value as it can influence the overall costs involved in the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Sri Sheshadhri Avenue?

The current guideline value of Sri Sheshadhri Avenue is Rs 400 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft since the 2012 revision, with a notable increase of 49% from Rs 268 per sq.ft in 2017 to the current value.

What are the other streets in Kaval Kazhani with their guideline values?

Other streets in Kaval Kazhani include Suncity and Suncity I,II at Rs 300 per sq.ft, Sri Nagar and Teachers VIP Layout at Rs 400 per sq.ft, and Thirumagal Nagar at Rs 226 per sq.ft.

What is the registration fee for a property in Sri Sheshadhri Avenue?

The registration fee for a property in Sri Sheshadhri Avenue is calculated based on the guideline value, which is currently Rs 400 per sq.ft. For a 1,000 sq.ft plot, the total registration fee would be Rs 8,000.

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

The Sub Registrar Office for Sri Sheshadhri Avenue is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, in the Chengalpattu registration zone. You can find more information by visiting the relevant link.