Guideline Value for Golden Avenue

Golden Avenue guideline value

The current guideline value of Golden Avenue in Thirumullaivoyal village is Rs 2,400 per sq.ft, effective from 1 July 2024. This area falls under the Ambattur Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Golden Avenue has changed

The guideline value for Golden Avenue has seen significant changes over the years. In 2007, the value was Rs 400 per sq.ft, which increased dramatically to Rs 2,200 per sq.ft in 2012. However, this value then decreased to Rs 1,474 per sq.ft in 2017. The 2023 revision saw a rise to Rs 2,200 per sq.ft, followed by a further increase to Rs 2,400 per sq.ft in 2024, marking a 9% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. The change from 2012 to 2017 represented a decrease of 33%, while the jump from 2007 to 2012 was a substantial 450%. Overall, from 2007 to 2024, the guideline value has increased by 500%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,400 per sq.ft, which is equal to the guideline value of Golden Avenue.

• Gokul Nagar: Rs 990 per sq.ft (2024)
• Gnanavoli Puram: Rs 2,400 per sq.ft (2024)
• Gnana Olipuram 3rd Street: Rs 2,400 per sq.ft (2024)
• Gnana Olipuram 2nd Street: Rs 2,400 per sq.ft (2024)
• Gnana Olipuram 1st Street: Rs 2,400 per sq.ft (2024)
• Gopal Street: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Golden Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, while the registration fee at 2% would be Rs 48,000, bringing the total cost to Rs 2,16,000. It is important to 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?

The Golden Avenue area is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is used to assess the financial obligations associated with the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on the higher value between the guideline value and the actual sale price.

Frequently asked questions

What is the current guideline value of Golden Avenue?

The current guideline value of Golden Avenue is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for Golden Avenue?

Golden Avenue is classified as Residential Class I Type - I, which indicates its suitability for residential development.

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

The Sub Registrar Office covering Golden Avenue is the Ambattur SRO, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Golden Avenue?

Stamp duty for properties in Golden Avenue is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.