Guideline Value for GOTANDA NAIDU AVENUE

Gotanda Naidu Avenue guideline value

The current guideline value of Gotanda Naidu Avenue is Rs 451 per sq.ft. This street is located in Kilampakkam village, under the Tiruvallur Joint 1 SRO, and is classified as Residential Special Type - III.

How the guideline value of Gotanda Naidu Avenue has changed

According to the guideline value register, there are several revisions for Gotanda Naidu Avenue. The earliest revision listed is from 2002, but the register has no figure for this street in that year. The same applies to the revisions from 2003, 2007, 2012, and 2017, which also do not have any figures provided for Gotanda Naidu Avenue.

The most recent revision in 2023 indicates a guideline value of Rs 451 per sq.ft. There have been no changes in the guideline value between the revisions listed, with the 2023 figure being the only one available for this street.

Guideline values in Kilampakkam

Currently, there are no specific village figures provided for Kilampakkam. However, Gotanda Naidu Avenue has a guideline value of Rs 451 per sq.ft, which is significant for property transactions in this area.

Stamp duty and registration fee for property in Gotanda Naidu Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 451 per sq.ft, the total guideline value amounts to Rs 4,51,000. The stamp duty, charged at 7%, would be Rs 31,570, while the registration fee at 2% would be Rs 9,020. Together, the total cost for stamp duty and registration fee would be Rs 40,590. 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 Gotanda Naidu Avenue?

The Sub Registrar Office that covers Gotanda Naidu Avenue is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Kilampakkam. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property. The guideline value is established by the local registration department and is intended to reflect the market conditions of the area.

When a buyer or seller engages in a property transaction, the guideline value is considered to ensure that the appropriate fees are calculated accurately. This helps maintain transparency and fairness in the registration process.

Frequently asked questions

What is the current guideline value of Gotanda Naidu Avenue?

The current guideline value of Gotanda Naidu Avenue is Rs 451 per sq.ft, as per the 2023 revision.

What is the land classification for Gotanda Naidu Avenue?

Gotanda Naidu Avenue is classified as Residential Special Type - III, indicating its designated use for residential purposes.

What are the stamp duty rates for property transactions in Gotanda Naidu Avenue?

The stamp duty for property transactions in Gotanda Naidu Avenue is charged at a rate of 7% on the guideline value or sale price, whichever is higher.

Where is the Tiruvallur Joint 1 SRO located?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

Are there any other streets in Kilampakkam with guideline values?

No specific figures are available for other streets in Kilampakkam under the Tiruvallur Joint 1 SRO, as the register does not provide any additional information on this matter.