Guideline Value for Golden Avenue Extn 2nd Cross Street

Golden Avenue Extn 2nd Cross Street guideline value

The current guideline value of Golden Avenue Extn 2nd Cross Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - III.

How the guideline value of Golden Avenue Extn 2nd Cross Street has changed

The guideline value for Golden Avenue Extn 2nd Cross Street has seen significant changes over the years. The 2017 revision set the value at Rs 2,345 per sq.ft, and the latest 2024 revision has increased this to Rs 3,850 per sq.ft, marking a change of +64% from the previous figure.

There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 in the register for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO, with 2024 guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value is Rs 4,400 per sq.ft, indicating that the guideline value for Golden Avenue Extn 2nd Cross Street is below this median.

• Golden Avenue Extn 1st Street: Rs 3,850 per sq.ft (2024)
• Golden Avenue Extn 2nd Street: Rs 3,850 per sq.ft (2024)
• Golden Avenue Extn 1st Cross Street: Rs 3,850 per sq.ft (2024)
• Golden Avenue Extn Bhavani Street: Rs 3,850 per sq.ft (2024)
• Golden Avenue Extn: Rs 3,850 per sq.ft (2024)
• Golden Avenue Main Road: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Golden Avenue Extn 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total fees to Rs 3,46,500. Please note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Golden Avenue Extn 2nd Cross Street?

The Golden Avenue Extn 2nd Cross Street falls under the Velacheri Sub Registrar Office located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Velachery. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that all transactions are compliant with local regulations.

It is important for buyers and sellers to be aware of the guideline value as it directly impacts the financial obligations associated with property transactions. This ensures transparency and fairness in the registration process.

Frequently asked questions

What is the current guideline value of Golden Avenue Extn 2nd Cross Street?

The current guideline value of Golden Avenue Extn 2nd Cross Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 2,345 per sq.ft in 2017 to Rs 3,850 per sq.ft in 2024, reflecting a change of +64%.

Are there any years with no guideline value figures for this street?

Yes, the register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for Golden Avenue Extn 2nd Cross Street.

What is the land classification for this street?

The land classification for Golden Avenue Extn 2nd Cross Street is Residential Class II Type - III.

Where can I find the Velacheri Sub Registrar Office?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.