Guideline Value for GOWRIPETTAI 3RD CROSS ST

Gowripettai 3rd Cross St guideline value

The current guideline value of Gowripettai 3rd Cross St is Rs 950 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village under the Avadi SRO and is classified as Residential Class II Type - I.

How the guideline value of Gowripettai 3rd Cross St has changed

The guideline value for Gowripettai 3rd Cross St has undergone several revisions over the years. The earliest available figure is from 2012, which was Rs 900 per sq.ft. In 2017, the value decreased to Rs 603 per sq.ft, marking a drop of 33%. The subsequent revision in 2023 saw an increase to Rs 900 per sq.ft, followed by a further increase to Rs 950 per sq.ft in 2024, which is a 6% rise from the previous year.

From 2017 to 2023, the guideline value increased significantly by 49%, reaching Rs 900 per sq.ft. Overall, from the 2012 figure to the 2024 figure, there has been a slight increase of 6%. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft. The median value for these streets is Rs 1,625 per sq.ft, which means that the guideline value of Gowripettai 3rd Cross St is below this median.

• Gowripettai 2nd Cross St: Rs 950 per sq.ft (2024)
• Gowripettai 1st St: Rs 1,625 per sq.ft (2024)
• Green City: Rs 950 per sq.ft (2024)
• Guberan Nagar: Rs 1,375 per sq.ft (2024)
• Govarthnagiri Pillaiyar Koil St: Rs 1,625 per sq.ft (2024)
• Govarthanagiri Govindasamy Street: Rs 1,625 per sq.ft (2024)

Stamp duty and registration fee for property in Gowripettai 3rd Cross St

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value would be Rs 9,50,000. The stamp duty at 7% would amount to Rs 66,500, and the registration fee at 2% would be Rs 19,000, bringing the total cost for these fees to Rs 85,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gowripettai 3rd Cross St?

The Gowripettai 3rd Cross St falls under the jurisdiction of the Avadi Sub Registrar Office. The office is 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 information.

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

The guideline value plays a crucial role in the registration process of property transactions in Paruthipattu. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. This value is regularly updated to reflect changes in the local property market and is a key factor in property registration.

Frequently asked questions

What is the current guideline value of Gowripettai 3rd Cross St?

The current guideline value of Gowripettai 3rd Cross St is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 950 per sq.ft in 2024.

What is the land classification for Gowripettai 3rd Cross St?

Gowripettai 3rd Cross St is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot, the total guideline value is Rs 9,50,000, with a stamp duty of Rs 66,500 and a registration fee of Rs 19,000, totaling Rs 85,500.

Which office handles the registration for Gowripettai 3rd Cross St?

The registration for Gowripettai 3rd Cross St is handled by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.