Guideline Value

Corporate

Guideline Value for GOLDEN AVENUE

₹500/sq.ft.

The guideline value for Golden Avenue 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]

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Golden Avenue guideline value

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

How the guideline value of Golden Avenue has changed

The guideline value for Golden Avenue has undergone several revisions over the years. The earliest recorded figure is from 2012, where it was set at Rs 500 per sq.ft. This remained unchanged until the 2017 revision, where the value decreased to Rs 335 per sq.ft. Following this, the value increased significantly to Rs 500 per sq.ft in both the 2023 and 2024 revisions, resulting in an overall change of +0% from 2012 to 2024.

From 2017 to 2023, the guideline value increased by 49%. The 2024 revision reflects a stable guideline value with no change from the previous year. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Nayapakkam

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

Stamp duty and registration fee for property in Golden Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total fees together to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Golden Avenue?

The Sub Registrar Office covering Golden Avenue 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 crucial factor in the registration process of property transactions in Nayapakkam. It determines the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is compared against the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring compliance with legal requirements during the transaction.

Frequently asked questions

What is the current guideline value of Golden Avenue?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then back to Rs 500 per sq.ft in 2023 and 2024. The overall change from 2012 to 2024 is +0%.

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

Other streets in Nayapakkam also carry a guideline value of Rs 500 per sq.ft for the year 2024, including Golden Avenue Part I, Golden Avenue Part II, Infotech City, Info Tech City Extension, and Sree Maharish Enclave Phase I.

What is the registration fee for property in Golden Avenue?

The registration fee for property in Golden Avenue is calculated based on the guideline value. For a property valued at Rs 5,00,000, the registration fee would be Rs 10,000 at a rate of 2%.

Where is the Sub Registrar Office for Golden Avenue located?

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