Guideline Value for GOWRI AVENUE

Gowri Avenue guideline value

The current guideline value of Gowri Avenue in Kuthampakkam village is Rs 660 per sq.ft, effective from 1 July 2024. This area falls under the Avadi Sub Registrar Office (SRO) and is classified as Residential Class II Type - III.

How the guideline value of Gowri Avenue has changed

In the 2017 revision, the guideline value for Gowri Avenue was Rs 600 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 660 per sq.ft, reflecting a 10% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kuthampakkam

In Kuthampakkam, there are 19 streets under the Avadi SRO that have a 2024 guideline value ranging from Rs 550 to Rs 3,564 per sq.ft, with a median value of Rs 1,642 per sq.ft. The guideline value for Gowri Avenue is below this median.

• Exotica: Rs 1,642 per sq.ft (2024)
• Chennai Bangalore Highways: Rs 3,564 per sq.ft (2024)
• Kumaran Highway City: Rs 3,564 per sq.ft (2024)
• Magica: Rs 1,642 per sq.ft (2024)
• Ms Dream Town Thiru Jayanthinadhar Nagar: Rs 880 per sq.ft (2024)
• Ms Fortune City: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Gowri Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, resulting in a total cost of Rs 59,400. 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 information.

Which Sub Registrar Office covers Gowri Avenue?

The Gowri Avenue falls under the jurisdiction of the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Kuthampakkam. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory for property transfers.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in real estate dealings. It is essential for buyers and sellers to be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Gowri Avenue?

The current guideline value of Gowri Avenue is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From the 2017 revision to the 2024 revision, the guideline value increased from Rs 600 to Rs 660 per sq.ft, marking a 10% rise. There was no change in the value between the 2017 and 2023 revisions.

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

For a 1,000 sq.ft plot, the stamp duty would be Rs 46,200, and the registration fee would be Rs 13,200, totaling Rs 59,400. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Gowri Avenue?

The Avadi Sub Registrar Office handles registrations for Gowri Avenue. The office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is essential for calculating stamp duty and registration fees during property transactions. It ensures that properties are registered at a fair value, contributing to transparency in real estate dealings.