Guideline Value for Associate Avenue

Associate Avenue guideline value

The current guideline value of Associate Avenue is Rs 800 per sq.ft. This street is located in Vengadamangalam village, under the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of Associate Avenue has changed

Over the years, the guideline value for Associate Avenue has experienced several revisions. The most recent revision in 2023 set the value at Rs 800 per sq.ft, an increase from Rs 536 per sq.ft in 2017. The 2012 revision also listed the value at Rs 800 per sq.ft, while the 2007 revision recorded it at Rs 160 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2024.

When comparing the revisions, the change from 2017 to 2023 reflects an increase of 49%. In contrast, the value decreased by 33% from 2012 to 2017. The most significant change occurred between 2007 and 2012, where the value surged by 400%. Overall, from 2007 to 2023, the guideline value has increased by 400%.

Guideline values in Vengadamangalam

Currently, there are no specific village figures available for Vengadamangalam. Associate Avenue is one of the streets in this area, and as of now, there are no other streets in Vengadamangalam listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Associate Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total fees to Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Associate Avenue?

The Sub Registrar Office that covers Associate Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

When buying or selling property in Vengadamangalam, the guideline value is a crucial factor that determines the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value when engaging in property transactions. This knowledge helps in understanding the financial obligations involved in the registration process and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Associate Avenue?

The current guideline value of Associate Avenue is Rs 800 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased significantly, from Rs 160 per sq.ft to Rs 800 per sq.ft in 2023, marking a 400% increase overall.

What are the stamp duty rates for properties in Associate Avenue?

The stamp duty for properties in Associate Avenue is set at 7% of the guideline value or the sale price, whichever is higher.

Where is the Gooduvancheri SRO located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Are there any other streets listed in Vengadamangalam?

Currently, there are no other streets in Vengadamangalam listed under the Gooduvancheri SRO.