Guideline Value for GRESH AVENUE

Gresh Avenue guideline value

The current guideline value of Gresh Avenue is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Anupampattu village under the Ponneri SRO, classified as Residential Class II Type - I.

How the guideline value of Gresh Avenue has changed

The guideline value for Gresh Avenue has seen several revisions over the years. The oldest recorded revision is from 2017, where the guideline value was Rs 201 per sq.ft. This increased to Rs 300 per sq.ft in both the 2023 and 2024 revisions, marking a significant increase of 49% from 2017 to 2023 and overall from 2017 to 2024.

Interestingly, there are no figures available for Gresh Avenue in the revisions from 2002, 2003, 2007, and 2012. The guideline value remained constant at Rs 300 per sq.ft from 2023 to 2024, indicating no change during that period.

Guideline values in Anupampattu

In Anupampattu, there are 42 streets under the Ponneri SRO with a 2024 guideline value ranging from Rs 300 to Rs 500 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, making Gresh Avenue's current value equal to this median.

• Golden City Nagar: Rs 300 per sq.ft (2024)
• Golden City Ext: Rs 300 per sq.ft (2024)
• Jaya Surya Nagar: Rs 300 per sq.ft (2024)
• Kalai Garden: Rs 300 per sq.ft (2024)
• Durai Swami Nagar: Rs 300 per sq.ft (2024)
• Dg Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Gresh Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. 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 detailed calculations.

Which Sub Registrar Office covers Gresh Avenue?

The Sub Registrar Office covering Gresh Avenue is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for additional information.

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

The guideline value is a crucial factor when registering property transactions in Anupampattu. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the registration process is transparent and standardized.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are essential costs associated with property transactions in the region.

Frequently asked questions

What is the current guideline value of Gresh Avenue?

The current guideline value of Gresh Avenue is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Gresh Avenue increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023 and 2024, marking a 49% increase over this period.

Are there any revisions without figures for Gresh Avenue?

Yes, there are no figures available for Gresh Avenue in the revisions from 2002, 2003, 2007, and 2012.

What other streets in Anupampattu have the same guideline value?

Several other streets in Anupampattu also have a guideline value of Rs 300 per sq.ft, including Golden City Nagar, Golden City Ext, Jaya Surya Nagar, Kalai Garden, and Durai Swami Nagar.

Where is the Sub Registrar Office for Gresh Avenue located?

The Ponneri Sub Registrar Office, which covers Gresh Avenue, is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.