Guideline Value for GKS AVENUE PHASE- I

Gks Avenue Phase- I guideline value

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

Since the 2017 revision, the guideline value for Gks Avenue Phase- I has remained steady at Rs 1,200 per sq.ft. The revisions for this street are as follows: in 2017, the value was Rs 1,200 per sq.ft; it remained unchanged in 2023 at Rs 1,200 per sq.ft; and the current figure for 2024 is also Rs 1,200 per sq.ft. There are no figures available for the years 2002, 2003, 2007, and 2012.

From 2017 to 2024, there has been no change in the guideline value, with a consistent rate of Rs 1,200 per sq.ft across the revisions. The same holds true for the period from 2023 to 2024, where the value has increased by 0%.

Guideline values in Kuthanoor

Kuthanoor village features 30 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 400 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 800 per sq.ft, placing Gks Avenue Phase- I above this median at Rs 1,200 per sq.ft.

• Gks Avenue: Rs 1,000 per sq.ft (2024)
• Gks Avenue Phase - II: Rs 1,200 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- I

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gks Avenue Phase- I?

The Gks Avenue Phase- I is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, 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 Kuthanoor

The guideline value is a predetermined value set by the Registration Department, which is used to calculate stamp duty and registration fees when buying or selling property. It serves as a benchmark for the minimum value at which properties in the area can be registered.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value for Gks Avenue Phase- I has remained constant at Rs 1,200 per sq.ft since the 2017 revision. There have been no changes in the values from 2017 to 2024 or from 2023 to 2024.

What is the land classification of Gks Avenue Phase- I?

Gks Avenue Phase- I is classified as Mixed Type - I land, which indicates a mix of residential and commercial uses.

What are the other streets in Kuthanoor with their guideline values?

Other streets in Kuthanoor under the Gooduvancheri SRO have varying guideline values, ranging from Rs 400 to Rs 1,200 per sq.ft. For example, Gks Avenue is valued at Rs 1,000 per sq.ft, while G.R. Nagar is valued at Rs 800 per sq.ft.

Where can I find the Gooduvancheri Sub Registrar Office?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find more details by visiting the link provided.