Guideline Value for Sri Shivam Avenue

Sri Shivam Avenue guideline value

The current guideline value of Sri Shivam Avenue is Rs 350 per sq.ft, effective from 1 July 2024. This street is located in Uthukkadu - A village, under the Walajabad SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Sri Shivam Avenue has changed

In the 2017 revision, the guideline value for Sri Shivam Avenue was Rs 234 per sq.ft. This figure remained unchanged in the 2023 revision, where it continued to be Rs 350 per sq.ft. The current 2024 revision also maintains the value at Rs 350 per sq.ft, resulting in a 50% increase from the 2017 figure to both the 2023 and 2024 figures.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The guideline value has not changed from 2023 to 2024, reflecting a 0% change during that period.

Guideline values in Uthukkadu - A

In Uthukkadu - A, there are 38 streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 800 per sq.ft. The median value for these streets is Rs 350 per sq.ft, which is equal to the guideline value of Sri Shivam Avenue.

• Sri Sivasakthi Nagar: Rs 300 per sq.ft (2024)
• Sri Sudharsan Gardens: Rs 300 per sq.ft (2024)
• Sri Rangiyam Karuppar Avenue: Rs 350 per sq.ft (2024)
• Srinath Nagar: Rs 800 per sq.ft (2024)
• Sri Lakshmi Narasimma Perumal Nagar: Rs 350 per sq.ft (2024)
• Sri Lakshmi Narasima Perumal Nagar: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Shivam Avenue

For a 1,000 sq.ft plot at the current rate of Rs 350 per sq.ft, the guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, bringing the total charges together to Rs 31,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Shivam Avenue?

Sri Shivam Avenue falls under the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Uthukkadu - A

The guideline value is a crucial factor when registering property transactions in Uthukkadu - A. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, it is essential to be aware of the current guideline value, as it affects the overall costs associated with the transaction. Buyers should ensure that the sale price meets or exceeds the guideline value to avoid any issues during registration.

Frequently asked questions

What is the current guideline value of Sri Shivam Avenue?

The current guideline value of Sri Shivam Avenue is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained Rs 350 per sq.ft from 2023 to 2024, with a 50% increase from Rs 234 per sq.ft in 2017 to Rs 350 per sq.ft in both 2023 and 2024.

What are the other streets in Uthukkadu - A and their guideline values?

Other streets in Uthukkadu - A include Sri Sivasakthi Nagar and Sri Sudharsan Gardens at Rs 300 per sq.ft, Sri Rangiyam Karuppar Avenue, Sri Lakshmi Narasimma Perumal Nagar, and Sri Lakshmi Narasima Perumal Nagar at Rs 350 per sq.ft, and Srinath Nagar at Rs 800 per sq.ft.

What is the stamp duty rate for properties in Sri Shivam Avenue?

The stamp duty rate for properties in Sri Shivam Avenue is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Walajabad Sub Registrar Office?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.