Guideline Value for GURU AVENUE

Guru Avenue guideline value

The current guideline value of Guru Avenue in Kayirambedu village, under the Chengleput Joint II SRO, is Rs 700 per sq.ft as per the 2024 revision effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of Guru Avenue has changed

There are no recorded figures for Guru Avenue in the guideline value register for the years 2002, 2003, 2007, 2012, and 2017. The most recent revisions show that the guideline value was Rs 700 per sq.ft for both the 2023 and 2024 revisions, indicating no change between these years.

In summary, the guideline value for Guru Avenue has remained consistent at Rs 700 per sq.ft from the 2023 revision to the 2024 revision, reflecting stability in this specific area.

Guideline values in Kayirambedu

In Kayirambedu, there are 120 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 400 to Rs 3,550 per sq.ft. The median guideline value is Rs 700 per sq.ft, which is equal to the guideline value of Guru Avenue.

• Guru Ganesh Nagar: Rs 800 per sq.ft (2024)
• Green Park Avenue: Rs 700 per sq.ft (2024)
• Gowtham Nagar: Rs 700 per sq.ft (2024)
• Iayyappa Gardan: Rs 700 per sq.ft (2024)
• Good Will Nagar: Rs 800 per sq.ft (2024)
• Inba Avenue: Rs 2,389 per sq.ft (2024)

Stamp duty and registration fee for property in Guru Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total fees to Rs 63,000. 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 Guru Avenue?

The Sub Registrar Office covering Guru Avenue is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kayirambedu. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two values is used to determine the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Guru Avenue?

The current guideline value of Guru Avenue is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Guru Avenue has remained at Rs 700 per sq.ft for both the 2023 and 2024 revisions. There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Guru Avenue?

Guru Avenue is classified as Residential Special Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Guru Avenue?

For a 1,000 sq.ft plot at the guideline value of Rs 700 per sq.ft, the total guideline value is Rs 7,00,000. The stamp duty would be Rs 49,000, and the registration fee would be Rs 14,000, totaling Rs 63,000.

Where is the Sub Registrar Office for Guru Avenue located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles registrations for properties in Guru Avenue.