Guideline Value for G S AVENUE

G S Avenue guideline value

The current guideline value of G S Avenue in Uthukadu-B village is Rs 600 per sq.ft, effective from 1 July 2024. This street falls under the Walajabad Sub Registrar Office and is classified as Residential Class III Type - III.

How the guideline value of G S Avenue has changed

According to the guideline value register, there are no figures available for G S Avenue in the revisions from 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 600 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years, with a percentage change of +0% from 2023 to 2024.

The 2024 revision has established the guideline value at Rs 600 per sq.ft, which remains consistent with the previous year's figure. This stability suggests that the valuation for G S Avenue has not fluctuated over the past two years.

Guideline values in Uthukadu-B

In Uthukadu-B, there are 33 streets under the Walajabad SRO carrying a 2024 guideline value ranging from Rs 200 to Rs 1,500 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing G S Avenue's 2024 figure above the median.

• J.S. Nagar Phase -II: Rs 800 per sq.ft (2024)
• Doctors Detroit City: Rs 775 per sq.ft (2024)
• Dhia Nagar: Rs 600 per sq.ft (2024)
• Devi Sri Ellaiyamman Nagar: Rs 300 per sq.ft (2024)
• Kumaran Nagar: Rs 300 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in G S Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, making the total cost for these fees Rs 54,000. 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 G S Avenue?

The G S 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 further assistance.

How the guideline value is used when you buy or sell in Uthukadu-B

The guideline value plays a crucial role in the registration process of property transactions in Uthukadu-B. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction. This helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of G S Avenue?

The current guideline value of G S Avenue is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no figures available for G S Avenue in the revisions from 2002 to 2017. The guideline value was Rs 600 per sq.ft in both 2023 and 2024, showing no change between these years.

What is the median guideline value in Uthukadu-B?

The median guideline value for streets in Uthukadu-B is Rs 400 per sq.ft, with G S Avenue's value of Rs 600 per sq.ft being above this median.

What are the stamp duty and registration fees for G S Avenue?

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000, and the registration fee would be Rs 12,000, totaling Rs 54,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for G S Avenue?

The Walajabad Sub Registrar Office handles the registration for G S Avenue, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.