Guideline Value for GOWTHAM KIRAN AVENUE

Gowtham Kiran Avenue guideline value

The current guideline value of Gowtham Kiran Avenue is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Sengundram - 1 village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - I.

How the guideline value of Gowtham Kiran Avenue has changed

The guideline value for Gowtham Kiran Avenue has undergone several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 800 per sq.ft in the 2023 revision, and finally, it rose to Rs 880 per sq.ft in the 2024 revision.

From 2017 to 2023, the guideline value saw a notable increase of 49%. The transition from 2023 to 2024 reflects a 10% increase. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Sengundram - 1

In Sengundram - 1, there are 126 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 3,285 per sq.ft. The median value is Rs 880 per sq.ft, which is equal to the current guideline value of Gowtham Kiran Avenue.

• Govindhapuram (Chen): Rs 1,100 per sq.ft (2024)
• Govindapuram (Villa) (Chen): Rs 1,540 per sq.ft (2024)
• Golden Avenue: Rs 1,320 per sq.ft (2024)
• Gokulapuram Main Road (Chen): Rs 1,320 per sq.ft (2024)
• Gst Road (Chen): Rs 2,200 per sq.ft (2024)
• Hill Grove Nagar (Chen): Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Gowtham Kiran Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, while the registration fee at 2% would be Rs 17,600, bringing the total cost for these fees to Rs 79,200. It is important to 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 details.

Which Sub Registrar Office covers Gowtham Kiran Avenue?

The Gowtham Kiran Avenue falls under the jurisdiction of the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Sengundram - 1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for legal ownership transfer. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Gowtham Kiran Avenue?

The current guideline value of Gowtham Kiran Avenue is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification of Gowtham Kiran Avenue?

Gowtham Kiran Avenue is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the registration office for Gowtham Kiran Avenue?

The registration office for Gowtham Kiran Avenue is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 at a rate of 7%.