Guideline Value for GS AVENUE

Gs Avenue guideline value

The current guideline value of Gs Avenue is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in the village of Uthukkadu - A under the Walajabad SRO. The land classification for this area is Residential Class III Type - III.

How the guideline value of Gs Avenue has changed

The guideline value for Gs Avenue has seen several revisions over the years. The 2017 revision set the value at Rs 402 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 600 per sq.ft. As of the 2024 revision, the guideline value is still Rs 600 per sq.ft, indicating no percentage change from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has increased by 49% as well, reflecting the same figure in the latest revision.

Guideline values in Uthukkadu - A

In Uthukkadu - A, there are 38 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 800 per sq.ft, with a median of Rs 350 per sq.ft. Gs Avenue's 2024 figure of Rs 600 per sq.ft is above this median.

• Ganesha Nagar: Rs 300 per sq.ft (2024)
• Eswaran Nagar Phase-11: Rs 350 per sq.ft (2024)
• Eshwaran Nagar Phase-II: Rs 350 per sq.ft (2024)
• J.S Nagar: Rs 600 per sq.ft (2024)
• Doctor S Detroit City: Rs 775 per sq.ft (2024)
• Devi Sri Ellamman Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Gs Avenue

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Gs Avenue?

The Sub Registrar Office that covers Gs Avenue is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Uthukkadu - A

The guideline value is a critical factor when registering property transactions in Uthukkadu - A. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that all transactions are recorded at a fair and consistent value.

When buying or selling property, the guideline value is utilized to calculate stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Gs Avenue?

The current guideline value of Gs Avenue is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained Rs 600 per sq.ft since the 2023 revision. It increased from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023, marking a 49% increase overall from 2017 to 2024.

What is the land classification for Gs Avenue?

Gs Avenue is classified as Residential Class III Type - III, which indicates the type of residential development allowed in this area.

How is stamp duty calculated for properties in Gs Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 6,00,000 would incur a stamp duty of Rs 42,000 at 7%.

Where can I find the Sub Registrar Office for Gs Avenue?

The Walajabad Sub Registrar Office covers Gs Avenue and is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find more details by visiting the appropriate link.