Guideline Value for GKS AVENUE PHASE - II

Gks Avenue Phase - II guideline value

The current guideline value of Gks Avenue Phase - II is Rs 1,200 per sq.ft. This property is located in Kuthanoor village, under the Gooduvancheri SRO, and is classified as Mixed Type - I land.

How the guideline value of Gks Avenue Phase - II has changed

According to the guideline value register, there have been several revisions for Gks Avenue Phase - II. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 1,200 per sq.ft, which remained unchanged in the 2024 revision, also at Rs 1,200 per sq.ft. Therefore, there has been no percentage change from 2023 to 2024, with a consistent value across these two years.

The 2024 revision is the most recent and effective from 1 July 2024. This consistency indicates stability in the guideline value for this street, as it has not fluctuated over the past two revisions.

Guideline values in Kuthanoor

Kuthanoor village has a range of guideline values across its streets, with 30 streets under the Gooduvancheri SRO carrying 2024 figures ranging from Rs 400 to Rs 2,000 per sq.ft. The median value for these streets is Rs 800 per sq.ft, placing Gks Avenue Phase - II above this median.

• Gks Avenue Phase- I: Rs 1,200 per sq.ft (2024)
• Gks Avenue: Rs 1,000 per sq.ft (2024)
• G.R. Nagar: Rs 800 per sq.ft (2024)
• E.R. Nagar: Rs 700 per sq.ft (2024)
• Chitti Vinayagar Nagar: Rs 400 per sq.ft (2024)
• Bharath Avenue: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Gks Avenue Phase - II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty is charged at 7%, resulting in Rs 84,000, and the registration fee is at 2%, amounting to Rs 24,000. Together, the total fees would be Rs 1,08,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gks Avenue Phase - II?

The Gks Avenue Phase - II property falls under the jurisdiction of the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kuthanoor. It serves as a reference point for calculating stamp duty and registration fees, ensuring that these costs are based on an official valuation rather than the sale price alone.

When buying or selling property, the guideline value helps in determining the minimum price at which the property can be registered. This ensures transparency and fairness in property transactions, as it provides a standardized value recognized by the registration authorities.

Frequently asked questions

What is the current guideline value of Gks Avenue Phase - II?

The current guideline value of Gks Avenue Phase - II is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained consistent at Rs 1,200 per sq.ft for the revisions in 2023 and 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Gks Avenue Phase - II?

The land classification for Gks Avenue Phase - II is Mixed Type - I. This classification indicates the type of development and usage permitted in the area.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 12,00,000, the total fees would amount to Rs 1,08,000.

Where can I find the Sub Registrar Office for Gks Avenue Phase - II?

The Sub Registrar Office covering Gks Avenue Phase - II is the Gooduvancheri SRO, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.