Guideline Value for GOLDEN AVENUE

Golden Avenue guideline value

The current guideline value of Golden Avenue in Perumpakkam village is Rs 1,650 per sq.ft, effective from 1 July 2024. This property falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class I Type - I.

How the guideline value of Golden Avenue has changed

The guideline value for Golden Avenue has seen several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 1,500 per sq.ft, which was then increased by 10% to Rs 1,650 per sq.ft in the 2024 revision.

Prior to the 2023 revision, the guideline value for Golden Avenue was not recorded in the register for the aforementioned years. The most recent increase reflects a significant adjustment in the value of this property.

Guideline values in Perumpakkam

In Perumpakkam, there are 17 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 680 to Rs 1,650 per sq.ft. The median value for these streets is Rs 770 per sq.ft, placing Golden Avenue's 2024 figure above this median.

• Javahar Nagar: Rs 1,650 per sq.ft (2024)
• J.J. Nagar: Rs 770 per sq.ft (2024)
• B.V.Anandam Nagar: Rs 770 per sq.ft (2024)
• K.K. Nagar: Rs 680 per sq.ft (2024)
• Kohinur Avenue: Rs 770 per sq.ft (2024)
• K.V.L. Garden: Rs 770 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 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total cost for these fees Rs 1,48,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also 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 Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Perumpakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction, ensuring that both parties adhere to the legal requirements set by the state.

When registering a property, the guideline value is used to calculate the fees, which are mandatory for the transfer of ownership. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, to avoid any discrepancies 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 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Golden Avenue has changed from Rs 1,500 per sq.ft in 2023 to Rs 1,650 per sq.ft in 2024, reflecting a 10% increase. There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Golden Avenue?

Golden Avenue is classified as Residential Class I Type - I, indicating its use for residential purposes within the locality.

What are the stamp duty and registration fees for a property in Golden Avenue?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500, and the registration fee would be Rs 33,000, totaling Rs 1,48,500. These fees are calculated based on the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Golden Avenue is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find more information through the provided link.