Guideline Value for GOLDEN AVENUE

Golden Avenue guideline value

The current guideline value of Golden Avenue, located in Ponneri_2 village under the Ponneri SRO, is Rs 700 per sq.ft as of the 2024 revision, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Golden Avenue has changed

The guideline value for Golden Avenue has seen several revisions over the years. In the 2017 revision, the value was set at Rs 469 per sq.ft. It then increased to Rs 700 per sq.ft in the 2023 revision, marking a 49% increase from the 2017 figure. The 2024 revision kept the value at Rs 700 per sq.ft, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Ponneri_2

In Ponneri_2, there are 75 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 1,300 per sq.ft, with a median value of Rs 700 per sq.ft. Golden Avenue's 2024 figure matches this median value.

• Gtm Garden: Rs 702 per sq.ft (2024)
• Hariharan Bazar: Rs 1,200 per sq.ft (2024)
• Hariharan Bazar Street: Rs 1,200 per sq.ft (2024)
• Gandhi Road: Rs 702 per sq.ft (2024)
• Jayammal Nagar: Rs 700 per sq.ft (2024)
• Dr.SAMBASIVAM STREET: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Golden Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty, charged at 7%, would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000. Together, these fees would total Rs 63,000. 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 Golden Avenue?

The Sub Registrar Office that covers Golden Avenue is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ponneri_2

The guideline value is a crucial factor in the registration process when buying or selling property. It is used to determine the stamp duty and registration fees, which are based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value helps buyers and sellers navigate the financial aspects of property transactions in Ponneri_2. It ensures that the appropriate fees are calculated and paid during the registration process.

Frequently asked questions

What is the current guideline value of Golden Avenue?

The current guideline value of Golden Avenue is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in both the 2023 and 2024 revisions, representing a 49% increase overall from 2017 to 2024.

What are the guideline values of other streets in Ponneri_2?

Other streets in Ponneri_2 have varying guideline values, with rates ranging from Rs 700 to Rs 1,300 per sq.ft. For example, Gtm Garden is Rs 702 per sq.ft, while Hariharan Bazar is Rs 1,200 per sq.ft.

What fees are associated with buying property in Golden Avenue?

When buying property in Golden Avenue, buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Golden Avenue?

The Ponneri Sub Registrar Office, which covers Golden Avenue, is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find more information about it online.