Guideline Value for GKS AVENUE

Gks Avenue guideline value

The current guideline value of Gks Avenue in Kuthanoor village is Rs 1,000 per sq.ft, effective from 1 July 2024. This property falls under the Gooduvancheri SRO and is classified as Residential Special Type - IV.

How the guideline value of Gks Avenue has changed

The guideline value for Gks Avenue has remained consistent over several revisions. The 2017 revision recorded a value of Rs 1,000 per sq.ft, which was unchanged in the 2023 revision. The latest revision in 2024 also maintains this figure at Rs 1,000 per sq.ft, indicating no change across these years.

Furthermore, there are no recorded figures for this street in the revisions of 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has experienced a change of +0%.

Guideline values in Kuthanoor

Kuthanoor village has a total of 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's 2024 figure above this median.

• Gks Avenue Phase- I: Rs 1,200 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, leading to a total cost of Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Gks Avenue?

The Gks 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 Kuthanoor

The guideline value plays a crucial role during property registration in Kuthanoor. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is compliant with local regulations.

When buying or selling property, the guideline value serves as a benchmark for both buyers and sellers, providing transparency and a standard measure for property transactions in the area.

Frequently asked questions

What is the current guideline value of Gks Avenue?

The current guideline value of Gks Avenue is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Gks Avenue has remained unchanged at Rs 1,000 per sq.ft since the 2017 revision through to the 2024 revision, indicating a stable valuation over these years.

What is the land classification for Gks Avenue?

Gks Avenue is classified as Residential Special Type - IV, which is relevant for understanding the zoning and potential uses of the property.

What are the stamp duty and registration fees for Gks Avenue?

The stamp duty for a property valued at Rs 10,00,000 is Rs 70,000, and the registration fee is Rs 20,000, totaling Rs 90,000. This is based on the current guideline value of Rs 1,000 per sq.ft.

Which office handles registrations for Gks Avenue?

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