Guideline Value for Sri Subharam Avenue

Sri Subharam Avenue guideline value

The current guideline value of Sri Subharam Avenue in Koladi village is Rs 1,105 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint II SRO and is classified as Residential Class I Type - III.

How the guideline value of Sri Subharam Avenue has changed

In the 2023 revision, the guideline value for Sri Subharam Avenue was Rs 1,005 per sq.ft. The most recent revision in 2024 saw an increase of 10%, bringing the current value to Rs 1,105 per sq.ft. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017.

To summarize the changes, the guideline value increased from Rs 1,005 per sq.ft in 2023 to Rs 1,105 per sq.ft in 2024. This change reflects a 10% rise in the guideline value between these two revisions.

Guideline values in Koladi

Koladi village has a total of 175 streets under the Chennai South Joint II SRO, with guideline values ranging from Rs 660 to Rs 4,000 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, placing Sri Subharam Avenue's value above this median.

• Sri Subbaaraam Avenue: Rs 1,105 per sq.ft (2024)
• Sri Srinivasa Nagar: Rs 660 per sq.ft (2024)
• Sri Vari Avenue: Rs 1,650 per sq.ft (2024)
• Sriram Nagar Extension: Rs 1,650 per sq.ft (2024)
• Swamy Natesanar Madam Street: Rs 660 per sq.ft (2024)
• Swamy Ramadasar Street: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Subharam Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,105 per sq.ft, the total guideline value amounts to Rs 11,05,000. The stamp duty is charged at 7%, totaling Rs 77,350, while the registration fee is 2%, amounting to Rs 22,100. Together, these costs total Rs 99,450. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Subharam Avenue?

The Sri Subharam Avenue is covered by the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Koladi. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property transactions. Buyers and sellers should be aware of the current guideline value to ensure compliance with the registration requirements.

Frequently asked questions

What is the current guideline value of Sri Subharam Avenue?

The current guideline value of Sri Subharam Avenue is Rs 1,105 per sq.ft, effective from 1 July 2024.

How much did the guideline value increase from 2023 to 2024?

The guideline value increased by 10% from Rs 1,005 per sq.ft in 2023 to Rs 1,105 per sq.ft in 2024.

What is the land classification of Sri Subharam Avenue?

Sri Subharam Avenue is classified as Residential Class I Type - III.

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

The Sub Registrar Office covering Sri Subharam Avenue is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What are the registration fees based on the guideline value?

The registration fees are calculated based on the guideline value, which includes a stamp duty of 7% and a registration fee of 2% on the guideline value or the sale price, whichever is higher.