Guideline Value for Golden Avenue

Golden Avenue guideline value

The current guideline value of Golden Avenue in Erivakkam village is Rs 300 per sq.ft, effective from 1 July 2024. This area falls under the Gooduvancheri SRO and is classified as Residential Special Type - I.

How the guideline value of Golden Avenue has changed

The guideline value for Golden Avenue has seen several revisions over the years. In 2007, the value was Rs 50 per sq.ft, which increased significantly to Rs 300 per sq.ft in 2012, marking a 500% rise. However, it dropped to Rs 201 per sq.ft in 2017, a decrease of 33%. The value remained at Rs 300 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

Overall, from 2007 to 2024, the guideline value has increased by 500%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Erivakkam

In Erivakkam, there are 19 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft, with a median value of Rs 400 per sq.ft. Golden Avenue's current guideline value is below this median.

• Gopal Garden: Rs 400 per sq.ft (2024)
• Excel Avenue: Rs 500 per sq.ft (2024)
• Keerthana Nagar: Rs 300 per sq.ft (2024)
• K.K.R. Nagar: Rs 400 per sq.ft (2024)
• K.K.R Nagar Annex-II: Rs 300 per sq.ft (2024)
• Kousalya Nagar Phase III: Rs 700 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 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, making the total fees Rs 27,000. 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 details.

Which Sub Registrar Office covers Golden Avenue?

The Gooduvancheri Sub Registrar Office covers Golden Avenue. The address is 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 Erivakkam

The guideline value is a crucial factor during the registration of property transactions in Erivakkam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized property value.

When buying or selling property, the guideline value helps to determine the legal and financial obligations involved in the transaction. Buyers should be aware of the guideline value to understand the potential costs associated with their property purchase.

Frequently asked questions

What is the current guideline value of Golden Avenue?

The current guideline value of Golden Avenue is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 50 per sq.ft in 2007 to Rs 300 per sq.ft in 2012, then decreased to Rs 201 per sq.ft in 2017, and remained at Rs 300 per sq.ft in both 2023 and 2024.

What is the median guideline value in Erivakkam?

The median guideline value in Erivakkam is Rs 400 per sq.ft for the year 2024.

What are the stamp duty and registration fees for properties in Golden Avenue?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000.

Which office handles registrations for Golden Avenue?

The Gooduvancheri Sub Registrar Office handles registrations for Golden Avenue, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.