Guideline Value for Golden Avenue

Golden Avenue guideline value

The current guideline value of Golden Avenue in Koozhangacheri village is Rs 250 per sq.ft, effective from 1 July 2024. This property falls under the jurisdiction of the Sunguvarchattram SRO and is classified as Residential Class I Type - I.

How the guideline value of Golden Avenue has changed

Over the years, the guideline value of Golden Avenue has seen several revisions. In 2012, the guideline value was Rs 250 per sq.ft, which remained unchanged until the next revision in 2017, where it decreased to Rs 167 per sq.ft. This was a reduction of 33%. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 250 per sq.ft. The most recent revision in 2024 maintained this value at Rs 250 per sq.ft, indicating no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the only revisions available are from 2012, 2017, 2023, and the current 2024 figure.

Guideline values in Koozhangacheri

Koozhangacheri village has a total of 47 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 1,200 per sq.ft. The median guideline value for these streets is Rs 226 per sq.ft, making the guideline value of Golden Avenue above this median.

• Ganesh Nagar: Rs 200 per sq.ft (2024)
• Ezhil Nagar: Rs 200 per sq.ft (2024)
• Jayam Nagar: Rs 350 per sq.ft (2024)
• Jayam Nagar Extension: Rs 350 per sq.ft (2024)
• Dhanapriya Nagar: Rs 226 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 250 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 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000. Therefore, the total cost for stamp duty and registration fees would be Rs 22,500. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Golden Avenue?

The Sub Registrar Office that covers Golden Avenue is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Koozhangacheri. It serves as a benchmark for determining the minimum value of a property, ensuring that the sale price is not below this established value. This helps maintain transparency and fairness in real estate transactions.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers and sellers must be aware of this value to accurately assess their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value of Golden Avenue?

The current guideline value of Golden Avenue is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft from 2012 to 2024, with a decrease to Rs 167 per sq.ft in 2017, and an increase of 50% from 2017 to 2023.

What is the land classification for Golden Avenue?

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

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

The Sub Registrar Office for Golden Avenue is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for properties in Koozhangacheri?

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 Rs 250 per sq.ft, the stamp duty would be Rs 17,500.