Guideline Value for GOLDEN AVENUE

Golden Avenue guideline value

The current guideline value of Golden Avenue, located in Sengundram - 1 village under the Chengleput Joint II SRO, is Rs 1,320 per sq.ft. This value is effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Golden Avenue has changed

The guideline value for Golden Avenue has seen several revisions over the years. In the 2012 revision, the value was set at Rs 1,200 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 804 per sq.ft, marking a drop of 33%. The value increased again in the 2023 revision to Rs 1,200 per sq.ft, and most recently, it rose to Rs 1,320 per sq.ft in the 2024 revision, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased significantly by 49%. Overall, comparing the figures from 2012 to 2024, there has been a 10% increase, bringing the current value above the median guideline value of Rs 880 per sq.ft for other streets in Sengundram - 1.

Guideline values in Sengundram - 1

In Sengundram - 1, there are 126 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 660 to Rs 3,285 per sq.ft. Golden Avenue's current guideline value of Rs 1,320 per sq.ft is above the median of Rs 880 per sq.ft. The following are other streets in Sengundram - 1:

• Gokulapuram Main Road (Chen): Rs 1,320 per sq.ft (2024)
• Govindapuram (Villa) (Chen): Rs 1,540 per sq.ft (2024)
• Govindhapuram (Chen): Rs 1,100 per sq.ft (2024)
• Gowtham Kiran Avenue: Rs 880 per sq.ft (2024)
• Gst Road (Chen): Rs 2,200 per sq.ft (2024)
• Gandhi Nagar Extn (Chen): 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 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. 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 Golden Avenue?

The Sub Registrar Office that covers Golden Avenue is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Sengundram - 1

The guideline value plays a crucial role during the registration of property transactions in Sengundram - 1. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is assessed to ensure that the appropriate fees are calculated based on the higher figure between the guideline value and the sale price. This ensures compliance with local regulations and proper documentation of property transactions.

Frequently asked questions

What is the current guideline value of Golden Avenue?

The current guideline value of Golden Avenue is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Golden Avenue?

The land classification for Golden Avenue is Residential Special Type - II, indicating its designated use for residential purposes.

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

For a 1,000 sq.ft plot, the stamp duty is Rs 92,400, and the registration fee is Rs 26,400, totaling Rs 1,18,800 based on the current guideline value.

Which office handles the registration for Golden Avenue?

The Chengleput Joint II Sub Registrar Office handles the registration for Golden Avenue, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.