Guideline Value for Golden Avenue

Golden Avenue guideline value

The current guideline value of Golden Avenue in Ponmar village, under the Gooduvancheri SRO, is Rs 1,000 per sq.ft as per the 2023 revision. The land classification for this area is Residential Special Type - II.

How the guideline value of Golden Avenue has changed

The guideline value for Golden Avenue has undergone several revisions over the years. In the 2007 revision, the value was Rs 140 per sq.ft, which saw a significant increase to Rs 1,000 per sq.ft in the 2012 revision. However, this value remained unchanged in the 2012 to 2017 period, with the 2017 revision showing a decrease to Rs 670 per sq.ft. The latest revision in 2023 has restored the guideline value to Rs 1,000 per sq.ft, marking a 49% increase from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 614%. The revisions for the years 2002, 2003, and 2024 do not have any figures listed for Golden Avenue in the register.

Guideline values in Ponmar

Currently, there are no specific guideline values provided for other streets in Ponmar. Golden Avenue is the only street mentioned under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Golden Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at a rate of 7% would amount to Rs 70,000, while the registration fee at 2% would be Rs 20,000, bringing the total cost for these fees to Rs 90,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Golden Avenue?

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

To find your SRO, you can visit find your SRO.

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

When buying or selling property in Ponmar, the guideline value is a crucial factor that determines the stamp duty and registration fees applicable to the transaction. The guideline value serves as a benchmark for the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the guideline value as it influences the overall cost of property transactions. The fees are calculated based on the guideline value or the sale price, whichever is higher, making it important to have an accurate understanding of these values before proceeding with any real estate transactions.

Frequently asked questions

What is the current guideline value of Golden Avenue?

The current guideline value of Golden Avenue 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 from Rs 140 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and finally increased back to Rs 1,000 per sq.ft in 2023. Overall, from 2007 to 2023, the increase is 614%.

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

The stamp duty for a property valued at Rs 10,00,000 would be Rs 70,000, and the registration fee would be Rs 20,000, totaling Rs 90,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Golden Avenue?

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

Are there other streets in Ponmar with guideline values?

Currently, there are no specific guideline values provided for other streets in Ponmar. Golden Avenue is the only street mentioned under the Gooduvancheri SRO.