Guideline Value for Deepa Avenue

Deepa Avenue guideline value

The current guideline value of Deepa Avenue is Rs 500 per sq.ft, effective from 1 July 2024. This street is located in Korukanthangal village under the Gooduvancheri SRO, classified as Residential Special Type - I.

How the guideline value of Deepa Avenue has changed

The guideline value for Deepa Avenue has seen several revisions over the years. The 2007 revision set the value at Rs 150 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2012. However, it then decreased to Rs 335 per sq.ft in 2017, before stabilizing at Rs 500 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 233%. The register does not provide figures for the years 2002 and 2003 for this street.

Guideline values in Korukanthangal

In Korukanthangal village, there are 25 streets under the Gooduvancheri SRO that carry a 2024 guideline value, all set at Rs 500 per sq.ft, with the median also at Rs 500 per sq.ft. Deepa Avenue's 2024 figure aligns with this median.

• Chakaravarthi Nagar: Rs 500 per sq.ft (2024)
• Ambujam Nagar: Rs 500 per sq.ft (2024)
• Kalaimagal Avenue: Rs 500 per sq.ft (2024)
• Kannadasan Nagar: Rs 500 per sq.ft (2024)
• Krishna Nagar: Rs 500 per sq.ft (2024)
• Krishna Nagar Extn-III: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Deepa Avenue

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Deepa Avenue?

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

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

The guideline value is a crucial factor in property transactions in Korukanthangal. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When buying or selling property, the guideline value influences the stamp duty and registration fees that need to be paid. It is essential for buyers and sellers to be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Deepa Avenue?

The current guideline value of Deepa Avenue is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 500 per sq.ft in 2012, then decreased to Rs 335 per sq.ft in 2017, and has remained at Rs 500 per sq.ft in both 2023 and 2024.

What is the classification of land in Deepa Avenue?

Deepa Avenue is classified as Residential Special Type - I under the guideline value register.

Where can I find the Sub Registrar Office for Deepa Avenue?

The Gooduvancheri Sub Registrar Office covers Deepa Avenue, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Deepa Avenue?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot valued at Rs 5,00,000, the stamp duty would be Rs 35,000.