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, as per the 2023 revision. This street is located in Unamancheri village and falls under the Gooduvancheri Sub Registrar Office (SRO). The land classification for this area is Residential Special Type - II.

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

The guideline value of G.K. Avenue has undergone several revisions over the years. In the 2007 revision, the value was Rs 140 per sq.ft, which increased significantly to Rs 900 per sq.ft in the 2012 revision, marking a substantial rise of 543%. However, in the 2017 revision, the value decreased to Rs 603 per sq.ft, reflecting a decline of 33%. The most recent revision in 2023 saw the guideline value rise again to Rs 900 per sq.ft, representing an increase of 49% from the previous figure.

It is important to note that the register has no figures for the years 2002, 2003, and 2024 for G.K. Avenue. Overall, from 2007 to 2023, the guideline value has increased by 543%.

Guideline values in Unamancheri

While specific village figures are not provided, G.K. Avenue is part of the Unamancheri area, which is governed by the Gooduvancheri SRO. Currently, no other streets in Unamancheri have been listed with their guideline values.

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 amounts to Rs 9,00,000. The stamp duty at 7% would be Rs 63,000, and the registration fee at 2% would be Rs 18,000, bringing the total cost for these fees to Rs 81,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers G.K. Avenue?

The G.K. Avenue is covered by 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 details.

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

The guideline value is a crucial aspect when buying or selling property in Unamancheri, as it determines the stamp duty and registration fees applicable to the transaction. Buyers and sellers must refer to the current guideline value to accurately calculate these costs during the registration process.

Additionally, the guideline value serves as a benchmark for the property’s worth in the eyes of the Registration Department, ensuring that the fees reflect the value of the property being transacted.

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, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 140 per sq.ft in 2007 to Rs 900 per sq.ft in 2012, then decreased to Rs 603 per sq.ft in 2017, and finally returned to Rs 900 per sq.ft in 2023.

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

The land classification for G.K. Avenue is Residential Special Type - II, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for a property in G.K. Avenue?

For a property measuring 1,000 sq.ft at the current guideline value, the stamp duty would be Rs 63,000 and the registration fee would be Rs 18,000, totaling Rs 81,000.

Which office handles registrations for G.K. Avenue?

The Gooduvancheri Sub Registrar Office handles registrations for G.K. Avenue, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.