Guideline Value for G.P AVENUE

G.P Avenue guideline value

The current guideline value of G.P Avenue in Kavanur village, under the Gooduvancheri SRO, is Rs 800 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - III.

How the guideline value of G.P Avenue has changed

Looking at the historical revisions, the guideline value for G.P Avenue was Rs 800 per sq.ft in both the 2023 and 2024 revisions. The 2017 revision recorded a value of Rs 536 per sq.ft, showing a significant increase of 49% from 2017 to 2023. The 2012 revision also had a value of Rs 800 per sq.ft, indicating a decrease of 33% from the 2012 to 2017 period. There are no figures available for the years 2002, 2003, and 2007.

Overall, from the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 800 per sq.ft. This reflects stability in the guideline value over the last decade, with notable fluctuations in the intervening years.

Guideline values in Kavanur

In Kavanur, there are 109 streets under the Gooduvancheri SRO that carry a 2024 guideline value, ranging from Rs 500 to Rs 2,239 per sq.ft. The median value for these streets is Rs 800 per sq.ft, which is equal to the guideline value of G.P Avenue.

• Gopalsamy Nagar: Rs 800 per sq.ft (2024)
• Green Garden: Rs 800 per sq.ft (2024)
• Green Garden-I,II,III,IV: Rs 800 per sq.ft (2024)
• Gks Enclave: Rs 2,239 per sq.ft (2024)
• G K S Diamond Green: Rs 2,239 per sq.ft (2024)
• Gunguni Amman Kovil Theru: Rs 600 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total cost to Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers G.P Avenue?

The G.P Avenue is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, in the 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 Kavanur

The guideline value is a crucial factor in the registration process when buying or selling property in Kavanur. It serves as the minimum value on which the stamp duty and registration fees are calculated, ensuring that the transaction is recorded accurately in the official records.

When a buyer or seller approaches the registration office, the guideline value helps determine the legal obligations regarding taxes and fees. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of G.P Avenue is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 536 per sq.ft in 2017 to Rs 800 per sq.ft in 2023 and 2024. The overall change from 2012 to 2024 is 0%.

What is the land classification for G.P Avenue?

G.P Avenue is classified as Residential Special Type - III, indicating its designated use for residential purposes.

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.

How is stamp duty calculated for properties in G.P Avenue?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a plot valued at Rs 8,00,000, the stamp duty at 7% would be Rs 56,000.