Guideline Value for Golden Avenue

Golden Avenue guideline value

The current guideline value of Golden Avenue, located in Karanaipuducheri village, is Rs 800 per sq.ft as per the 2024 revision effective from 1 July 2024. This area falls under the Gooduvancheri SRO and is classified as Residential Class I Type - II.

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 230 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012. However, it dropped to Rs 536 per sq.ft in 2017, marking a decrease of 33%. The value then rose to Rs 800 per sq.ft in both the 2023 and 2024 revisions, showing no change between these two years.

Overall, from the 2007 revision to the current 2024 value, there has been an increase of 248%. The revisions for the years 2002 and 2003 do not have figures recorded for Golden Avenue in the register.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO that have a 2024 guideline value ranging from Rs 400 to Rs 2,239 per sq.ft, with a median value of Rs 802 per sq.ft. Golden Avenue's 2024 figure is below this median.

• Gokulam Colony: Rs 700 per sq.ft (2024)
• Gangai Amman Kovil Theru: Rs 1,000 per sq.ft (2024)
• Harsh Nagar: Rs 701 per sq.ft (2024)
• Hindu Avenue: Rs 701 per sq.ft (2024)
• Hindu Avenue Extension -6: Rs 701 per sq.ft (2024)
• Hindu Avenue Extension I & II: Rs 701 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 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Golden Avenue?

The Sub Registrar Office covering Golden Avenue is 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Karanaipuducheri. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

Frequently asked questions

What is the current guideline value of Golden Avenue?

The current guideline value of Golden Avenue is Rs 800 per sq.ft, as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 230 per sq.ft in 2007, rising to Rs 800 per sq.ft in 2012, dropping to Rs 536 per sq.ft in 2017, and then returning to Rs 800 per sq.ft in 2023 and 2024.

What is the land classification for Golden Avenue?

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

Where can I find the registration office for Golden Avenue?

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

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total charges would be Rs 72,000, including stamp duty and registration fees.