Guideline Value for GARUDA AVENUE

Garuda Avenue guideline value

The current guideline value of Garuda Avenue is Rs 3,450 per sq.ft. This street is located in Agaramthen village, under the Tambaram Joint 1 SRO, and is classified as Residential Special Type - II.

How the guideline value of Garuda Avenue has changed

The guideline value for Garuda Avenue has undergone several revisions over the years. The register has no figures for this street from the years 2002, 2003, 2007, 2012, and 2017. The most recent revisions show that in 2023, the guideline value was Rs 3,135 per sq.ft, which increased to Rs 3,450 per sq.ft in the 2024 revision, marking a change of +10%.

Before the 2023 revision, the register had no figures for the aforementioned years. The 2024 revision reflects a significant increase compared to the previous year, indicating a notable adjustment in the guideline value for this street.

Guideline values in Agaramthen

Agaramthen village has a total of 125 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 440 to Rs 3,700 per sq.ft. The median guideline value in this village is Rs 830 per sq.ft, placing Garuda Avenue's 2024 figure above this median.

• Gangaiamman Koil Street: Rs 550 per sq.ft (2024)
• Gokul Nagar: Rs 550 per sq.ft (2024)
• Evergreen Enclave Phase IV: Rs 1,760 per sq.ft (2024)
• Easwaran Koil Street: Rs 550 per sq.ft (2024)
• Easwaran Koil Cross Street: Rs 550 per sq.ft (2024)
• Eastern Gate Of Daniel: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Garuda Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 3,450 per sq.ft, the total guideline value amounts to Rs 34,50,000. The stamp duty, charged at 7%, would be Rs 2,41,500, while the registration fee at 2% would be Rs 69,000. Together, these costs total Rs 3,10,500. 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 detailed calculations.

Which Sub Registrar Office covers Garuda Avenue?

The Sub Registrar Office that covers Garuda Avenue is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property. It is used to determine the stamp duty and registration fees that must be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for buyers and sellers in Agaramthen, as it affects the overall cost of property transactions and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Garuda Avenue?

The current guideline value of Garuda Avenue is Rs 3,450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Garuda Avenue has seen an increase from Rs 3,135 per sq.ft in 2023 to Rs 3,450 per sq.ft in 2024, which is a change of +10%. The register has no figures for this street for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values for other streets in Agaramthen?

In Agaramthen, other streets have varying guideline values. For example, Gangaiamman Koil Street and Gokul Nagar both have a guideline value of Rs 550 per sq.ft, while Evergreen Enclave Phase IV has a value of Rs 1,760 per sq.ft.

What is the stamp duty rate for property in Garuda Avenue?

The stamp duty rate for property transactions in Garuda Avenue is 7% of the guideline value or the sale price, whichever is higher. This is an important cost to consider when purchasing property.

Where can I find the Sub Registrar Office for Garuda Avenue?

The Sub Registrar Office covering Garuda Avenue is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059. You can find more details by visiting the relevant link.