Guideline Value for THIRUMALAI NAGAR SAI RAM AVENUE

Thirumalai Nagar Sai Ram Avenue guideline value

The current guideline value of Thirumalai Nagar Sai Ram Avenue is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Venkudi village and falls under the Walajabad SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Thirumalai Nagar Sai Ram Avenue has changed

The guideline value for Thirumalai Nagar Sai Ram Avenue has seen several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which was then reduced to Rs 268 per sq.ft in the 2017 revision. Following this, the 2023 revision brought the value down further to Rs 250 per sq.ft. The most recent 2024 revision maintains this figure at Rs 250 per sq.ft, indicating a 0% change from the previous year.

In summary, from the 2012 revision to the 2024 revision, the guideline value has decreased by 38%. The register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Venkudi

In Venkudi village, there are four streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 1,000 per sq.ft. The median value for these streets is Rs 350 per sq.ft, placing Thirumalai Nagar Sai Ram Avenue below this median.

• Sri Parthasarathy Avenue: Rs 1,000 per sq.ft (2024)
• மிதிலை நகர்: Rs 400 per sq.ft (2024)
• ஸ்ரீ தேவி கருமாரி அம்மன் நகர்: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumalai Nagar Sai Ram Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty, charged at 7%, would be Rs 17,500, and the registration fee, charged at 2%, would be Rs 5,000. Therefore, the total amount for stamp duty and registration fee would be Rs 22,500. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Thirumalai Nagar Sai Ram Avenue?

The Thirumalai Nagar Sai Ram Avenue is covered by 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 Venkudi

The guideline value plays a crucial role in the registration process when buying or selling property in Venkudi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the buyer and seller must consider the guideline value to ensure that the transaction is registered correctly. The stamp duty is calculated based on the higher of the guideline value or the sale price, ensuring that the appropriate fees are collected by the registration authorities.

Frequently asked questions

What is the current guideline value of Thirumalai Nagar Sai Ram Avenue?

The current guideline value of Thirumalai Nagar Sai Ram Avenue is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has decreased from Rs 400 per sq.ft in 2012 to Rs 250 per sq.ft in 2024, marking a total decline of 38% over this period.

What is the registration office for Thirumalai Nagar Sai Ram Avenue?

The registration office for Thirumalai Nagar Sai Ram Avenue is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is stamp duty calculated for properties in Venkudi?

Stamp duty for properties in Venkudi is calculated based on the higher of the guideline value or the sale price. The current rate for stamp duty is 7% of the guideline value.

What are the other streets in Venkudi with their guideline values?

Other streets in Venkudi include Sri Parthasarathy Avenue at Rs 1,000 per sq.ft, மிதிலை நகர் at Rs 400 per sq.ft, and ஸ்ரீ தேவி கருமாரி அம்மன் நகர் at Rs 300 per sq.ft, all for the year 2024.