Guideline Value for Esteem Avenue

Esteem Avenue guideline value

The current guideline value of Esteem Avenue is Rs 1,000 per sq.ft. This street is located in Melakottyur village, under the Gooduvancheri SRO, and falls under the land classification of Residential Special Type - III.

How the guideline value of Esteem Avenue has changed

The guideline value for Esteem Avenue has undergone several revisions over the years. In 2012, the guideline value was set at Rs 1,000 per sq.ft. This figure remained unchanged until the next revision in 2017, where it decreased to Rs 670 per sq.ft, marking a decline of 33%. However, in the 2023 revision, the guideline value increased significantly to Rs 1,000 per sq.ft again, reflecting a 49% increase from the 2017 revision.

Overall, from 2012 to 2023, the guideline value has remained the same at Rs 1,000 per sq.ft. It is important to note that there are no figures available for Esteem Avenue in the revisions from 2002, 2003, 2007, and 2024.

Guideline values in Melakottyur

Currently, there are no specific guideline values available for other streets in Melakottyur. Esteem Avenue is the only street mentioned under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Esteem Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. 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 Esteem Avenue?

Esteem Avenue is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

When buying or selling property in Melakottyur, the guideline value plays a crucial role during the registration process. It serves as a benchmark for determining the stamp duty and registration fees payable, ensuring that the transaction is recorded at a value recognized by the state.

The guideline value is essential for both buyers and sellers, as it helps to establish a fair and transparent process during property transactions. It is advisable to check the current guideline value before proceeding with any property dealings.

Frequently asked questions

What is the current guideline value of Esteem Avenue?

The current guideline value of Esteem Avenue is Rs 1,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, and then back to Rs 1,000 per sq.ft in 2023. Overall, from 2012 to 2023, the value has remained the same.

Where is the Gooduvancheri Sub Registrar Office located?

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

What are the stamp duty and registration fees for Esteem Avenue?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 70,000, and the registration fee would be Rs 20,000, totaling Rs 90,000.

Are there other streets in Melakottyur with guideline values?

Currently, there are no guideline values available for other streets in Melakottyur. Esteem Avenue is the only street mentioned under the Gooduvancheri SRO.