Guideline Value for Chinnappan Avenue (Near by G.S.T Road)

Chinnappan Avenue (Near by G.S.T Road) guideline value

The current guideline value for Chinnappan Avenue (Near by G.S.T Road) is Rs 3,500 per sq.ft, effective from 1 July 2024. This street is located in Nandhivaram village and falls under the Gooduvancheri SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Chinnappan Avenue (Near by G.S.T Road) has changed

Looking at the revisions of the guideline value, we see that in 2012, the value was Rs 3,500 per sq.ft. This was followed by a decrease to Rs 2,345 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly by 49% back to Rs 3,500 per sq.ft. The 2024 revision maintains this value at Rs 3,500 per sq.ft, showing no change from the previous year.

It is important to note that the register has no figures for Chinnappan Avenue in the years 2002, 2003, and 2007. Therefore, the revisions we have are from 2012, 2017, 2023, and 2024.

Guideline values in Nandhivaram

In Nandhivaram, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,500 per sq.ft, placing Chinnappan Avenue above this median.

• Cowsiya Colony: Rs 1,500 per sq.ft (2024)
• Defence Colony 1to 8 Streets: Rs 1,500 per sq.ft (2024)
• Defence Colony 3rd Cross Street: Rs 1,500 per sq.ft (2024)
• Defence Colony 9th Cross Street: Rs 1,500 per sq.ft (2024)
• Devaraj Nagar: Rs 1,200 per sq.ft (2024)
• Brahmin Street: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnappan Avenue (Near by G.S.T Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,500 per sq.ft, the total guideline value amounts to Rs 35,00,000. The stamp duty at 7% would be Rs 2,45,000, and the registration fee at 2% would be Rs 70,000, bringing the total to Rs 3,15,000. It is essential 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 Chinnappan Avenue (Near by G.S.T Road)?

The Sub Registrar Office that covers Chinnappan Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, 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 Nandhivaram

The guideline value is a critical factor in the registration process for property transactions in Nandhivaram. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps both parties understand the legal valuation of the property. It is essential to be aware of the current guideline value to ensure compliance with local regulations during the transaction.

Frequently asked questions

What is the current guideline value for Chinnappan Avenue?

The current guideline value for Chinnappan Avenue (Near by G.S.T Road) is Rs 3,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with a notable increase from Rs 2,345 per sq.ft in 2017 to Rs 3,500 per sq.ft in 2023 and remaining the same in 2024.

What is the land classification for Chinnappan Avenue?

The land classification for Chinnappan Avenue is Commercial Class I Type - I, indicating its suitability for commercial activities.

What are the registration fees for property transactions?

For a property valued at Rs 35,00,000, the stamp duty is Rs 2,45,000, and the registration fee is Rs 70,000, totaling Rs 3,15,000.

Which office handles the registration for Chinnappan Avenue?

The registration for Chinnappan Avenue is handled by the Gooduvancheri Sub Registrar Office, located near the Veterinary Hospital in Nandhivaram.