Guideline Value for Golden Avenue

Golden Avenue guideline value

The current guideline value of Golden Avenue in Erandankattalai village is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Pammal 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 several revisions over the years. The earliest recorded figure is from 2017, when it was Rs 670 per sq.ft. This value increased to Rs 1,000 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 saw the value increase by 10% to Rs 1,100 per sq.ft.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, the guideline value has increased by 64% from 2017 to 2024.

Guideline values in Erandankattalai

In Erandankattalai, there are 60 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 770 to Rs 4,270 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, which is the same as the current guideline value for Golden Avenue.

• Gokulam nagar phase - II: Rs 3,700 per sq.ft (2024)
• Gokulam Nagar: Rs 1,650 per sq.ft (2024)
• Giramani Street: Rs 1,100 per sq.ft (2024)
• Gandhi Salai: Rs 1,100 per sq.ft (2024)
• Gajalakshmi Nagar: Rs 1,650 per sq.ft (2024)
• Everest Garden - VI: Rs 1,100 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 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. 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 Sub Registrar Office that covers Golden Avenue is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Erandankattalai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are accurately assessed based on the property's value.

When a property is registered, the guideline value is used to determine the applicable charges. Buyers should be aware that the stamp duty is calculated on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Golden Avenue?

The current guideline value of Golden Avenue is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the other streets in Erandankattalai?

Other streets in Erandankattalai include Gokulam nagar phase - II, Gokulam Nagar, Giramani Street, Gandhi Salai, Gajalakshmi Nagar, and Everest Garden - VI, with varying guideline values.

How is the 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. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 77,000.

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

The Sub Registrar Office for Golden Avenue is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more information about your SRO through the provided link.