Guideline Value for Golden Avenue Annex

Golden Avenue Annex guideline value

The current guideline value of Golden Avenue Annex is Rs 1,000 per sq.ft. This property is located in Ponmar village, under the Gooduvancheri SRO, with a land classification of Residential Special Type - II.

How the guideline value of Golden Avenue Annex has changed

Over the years, the guideline value for Golden Avenue Annex has seen significant changes. In the 2007 revision, the value was Rs 150 per sq.ft, which increased dramatically to Rs 1,000 per sq.ft in the 2012 revision. However, in the 2017 revision, the value decreased to Rs 670 per sq.ft. The most recent 2023 revision has set the guideline value back to Rs 1,000 per sq.ft.

From the 2017 to the 2023 revision, there was an increase of 49%. The change from 2012 to 2017 saw a decrease of 33%. Notably, the increase from 2007 to 2012 was a substantial 567%. Overall, from 2007 to 2023, the guideline value has increased by 567%.

Guideline values in Ponmar

Currently, there are no specific village figures available for Ponmar. Golden Avenue Annex is part of the properties evaluated under the Gooduvancheri SRO. The following are other streets in Ponmar:

Stamp duty and registration fee for property in Golden Avenue Annex

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Golden Avenue Annex?

The Golden Avenue Annex falls under the jurisdiction of the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Ponmar. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When a property is sold, the sale price is compared to the guideline value. The higher of the two is used to calculate the applicable duties and fees, ensuring that the transaction is recorded accurately and fairly in the registration office.

Frequently asked questions

What is the current guideline value of Golden Avenue Annex?

The current guideline value of Golden Avenue Annex is Rs 1,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly, with the 2007 revision starting at Rs 150 per sq.ft, then increasing to Rs 1,000 in 2012, dropping to Rs 670 in 2017, and finally returning to Rs 1,000 in 2023.

What is the land classification for Golden Avenue Annex?

The land classification for Golden Avenue Annex is Residential Special Type - II, indicating its designated use for residential purposes.

How is stamp duty calculated for properties in Golden Avenue Annex?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 10,00,000, the stamp duty at 7% would be Rs 70,000.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, in the Chengalpattu registration zone.