Guideline Value

Corporate

Guideline Value for GRESH AVENUE

₹250/sq.ft.

The guideline value for Gresh Avenue in Anupampattu_2 village (Ponneri SRO, Chennai zone) is Rs 250 per sq.ft, effective 1 July 2024. It was Rs 300 per sq.ft from 1 April 2023, a -17% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Anupampattu_2

Village

Ponneri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹250 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

9/5,taluk Office Road, Ponneri, Chennai-601204
044-27974517
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Gresh Avenue

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Gresh Avenue guideline value

The current guideline value of Gresh Avenue is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Anupampattu_2 village and falls under the Ponneri SRO, classified as Residential Class II Type - I.

How the guideline value of Gresh Avenue has changed

Over the years, the guideline value of Gresh Avenue has seen several revisions. The earliest available figure is from the 2017 revision, which was Rs 201 per sq.ft. This increased by 49% to Rs 300 per sq.ft in the 2023 revision. However, the 2024 revision saw a decrease of 17%, bringing the guideline value down to Rs 250 per sq.ft. The register does not contain figures for the years 2002, 2003, 2007, and 2012 for this street.

When looking at the overall change from 2017 to 2024, the guideline value has increased by 24%. The fluctuations in the guideline value reflect the adjustments made by the Registration Department to align with the current market conditions.

Guideline values in Anupampattu_2

In Anupampattu_2, there are 35 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 500 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, which is the same as Gresh Avenue's 2024 figure.

Stamp duty and registration fee for property in Gresh Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value is Rs 2,50,000. The stamp duty at 7% amounts to Rs 17,500, and the registration fee at 2% is Rs 5,000, making the total cost Rs 22,500. 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 Gresh Avenue?

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

How the guideline value is used when you buy or sell in Anupampattu_2

The guideline value plays a crucial role during the registration of property transactions in Anupampattu_2. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is conducted at a fair value as per the government regulations.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory charges that need to be paid at the time of registration. This ensures transparency and helps maintain a standard process for property transactions in the area.

Frequently asked questions

What is the current guideline value of Gresh Avenue?

The current guideline value of Gresh Avenue is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, and then decreased to Rs 250 per sq.ft in 2024. The overall change from 2017 to 2024 is an increase of 24%.

What is the land classification of Gresh Avenue?

Gresh Avenue is classified as Residential Class II Type - I. This classification is essential for understanding the type of development permitted in this area.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles all registrations for properties in the area.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the guideline value. For example, for a property valued at Rs 2,50,000, the total stamp duty and registration fees would be Rs 22,500.