Guideline Value for Sri Srinivasa Avenue Phase-II

Sri Srinivasa Avenue Phase-II guideline value

The current guideline value of Sri Srinivasa Avenue Phase-II is Rs 750 per sq.ft. This property is located in Thaiyur-A village and falls under the Thiruporur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Sri Srinivasa Avenue Phase-II has changed

In the 2017 revision, the guideline value was Rs 502 per sq.ft. This figure increased to Rs 750 per sq.ft in the 2023 revision, reflecting a change of +49% over the six-year period. The register has no figures for the years 2024, 2012, 2007, 2003, and 2002 for this street.

To summarize, the guideline value increased from Rs 502 per sq.ft in 2017 to Rs 750 per sq.ft in 2023. The substantial rise indicates a notable change in the valuation of properties in this area.

Guideline values in Thaiyur-A

Currently, there are no specific village figures provided for Thaiyur-A. Sri Srinivasa Avenue Phase-II is one of the streets under the Thiruporur SRO.

Stamp duty and registration fee for property in Sri Srinivasa Avenue Phase-II

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 7,50,000. The stamp duty is charged at 7%, amounting to Rs 52,500, while the registration fee is 2%, totaling Rs 15,000. Together, the total cost for these fees is Rs 67,500. It is important to note that 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 information on calculating fees.

Which Sub Registrar Office covers Sri Srinivasa Avenue Phase-II?

The Sub Registrar Office that covers Sri Srinivasa Avenue Phase-II is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Thaiyur-A. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum value at which a property can be registered. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sri Srinivasa Avenue Phase-II?

The current guideline value of Sri Srinivasa Avenue Phase-II is Rs 750 per sq.ft as per the 2023 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 502 per sq.ft to Rs 750 per sq.ft, which is a change of +49%.

Are there any guideline values for the years 2002, 2003, 2007, 2012, and 2024?

The register has no figures for Sri Srinivasa Avenue Phase-II for the years 2002, 2003, 2007, 2012, and 2024.

What is the stamp duty rate for properties in Sri Srinivasa Avenue Phase-II?

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

Where is the Sub Registrar Office for Sri Srinivasa Avenue Phase-II located?

The Sub Registrar Office for Sri Srinivasa Avenue Phase-II is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.