Guideline Value for G.K. AVENUE

G.K. Avenue guideline value

The current guideline value of G.K. Avenue is Rs 900 per sq.ft, effective from 1 July 2024. This street is located in Chettipunniyam village under the Chengleput Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of G.K. Avenue has changed

The guideline value for G.K. Avenue has remained consistent at Rs 900 per sq.ft from the 2023 revision to the 2024 revision, indicating no change (+0%). The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

In the 2023 revision, the guideline value was Rs 900 per sq.ft, which is the same as the current value. This consistency reflects stability in the guideline value for this street over the past two years.

Guideline values in Chettipunniyam

In Chettipunniyam, there are 47 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 700 to Rs 4,750 per sq.ft. The median value is Rs 900 per sq.ft, which is equal to the guideline value of G.K. Avenue.

• Golden Nagar: Rs 1,000 per sq.ft (2024)
• Ganesan Nagar: Rs 900 per sq.ft (2024)
• Hallmark Emerald: Rs 4,750 per sq.ft (2024)
• Hayagreevar Nagar Phase III - Extension: Rs 900 per sq.ft (2024)
• Hygrevar Gardens: Rs 900 per sq.ft (2024)
• Inthira Gandhi Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in G.K. Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value would be Rs 9,00,000. The stamp duty at 7% would amount to Rs 63,000, and the registration fee at 2% would be Rs 18,000, totaling Rs 81,000. 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 details.

Which Sub Registrar Office covers G.K. Avenue?

The Sub Registrar Office that covers G.K. Avenue is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is crucial during the registration process of property transactions in Chettipunniyam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official value assigned to the property. This value is used to calculate the applicable fees and taxes, which are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of G.K. Avenue?

The current guideline value of G.K. Avenue is Rs 900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for G.K. Avenue has remained at Rs 900 per sq.ft from 2023 to 2024, with no changes. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What is the land classification for G.K. Avenue?

G.K. Avenue is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty rates for properties in G.K. Avenue?

The stamp duty rate for properties in G.K. Avenue is 7%, while the registration fee is 2%. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for G.K. Avenue?

The Chengleput Joint II Sub Registrar Office handles registrations for G.K. Avenue, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.