Guideline Value

Corporate

Guideline Value for GOLDEN AVENUE PART II

₹500/sq.ft.

The guideline value for Golden Avenue Part Ii in Nayapakkam village (Manavalanagar SRO, Chennai zone) is Rs 500 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nayapakkam

Village

Manavalanagar

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹500 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002
044_29595957
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Golden Avenue Part Ii

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Golden Avenue Part II guideline value

The current guideline value of Golden Avenue Part II is Rs 500 per sq.ft, effective from 1 July 2024. This property is located in Nayapakkam village, under the Manavalanagar SRO, classified as Residential Class II Type - I.

How the guideline value of Golden Avenue Part II has changed

The guideline value for Golden Avenue Part II has seen several revisions over the years. In the 2012 revision, the guideline value was set at Rs 500 per sq.ft, which was a decrease of 33% from Rs 335 per sq.ft in the 2017 revision. The 2023 revision maintained the value at Rs 500 per sq.ft, and the 2024 revision also kept it at Rs 500 per sq.ft, showing no change from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 500 per sq.ft.

Guideline values in Nayapakkam

Nayapakkam village has 16 streets under the Manavalanagar SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 900 per sq.ft, with a median value of Rs 500 per sq.ft. Golden Avenue Part II's 2024 guideline value is equal to this median.

Stamp duty and registration fee for property in Golden Avenue Part II

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Golden Avenue Part II?

The Sub Registrar Office that covers Golden Avenue Part II is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Nayapakkam. It serves as a reference point for calculating stamp duty and registration fees when buying or selling property. The guideline value ensures that the taxes paid are based on a standardized valuation set by the authorities.

When registering a property, the buyer must pay the stamp duty on the higher of the guideline value or the sale price. This practice helps in maintaining transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Golden Avenue Part II?

The current guideline value of Golden Avenue Part II is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen revisions, with the 2012 value at Rs 500 per sq.ft, decreasing from Rs 335 per sq.ft in 2017. The values for 2023 and 2024 remained at Rs 500 per sq.ft, showing no change.

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

Other streets in Nayapakkam include Golden Avenue Part I, Golden Avenue, Infotech City, Info Tech City Extension, Spanish City, and Sree Maharish Enclave Phase I, with values ranging from Rs 500 to Rs 600 per sq.ft for 2024.

What are the stamp duty and registration fees for properties in Golden Avenue Part II?

The stamp duty for properties in Golden Avenue Part II is 7%, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 45,000.

Which Sub Registrar Office should I visit for properties in Golden Avenue Part II?

The Sub Registrar Office for Golden Avenue Part II is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.