Guideline Value for Gowri Avenue IIIrd Cross Street

Gowri Avenue IIIrd Cross Street guideline value

The current guideline value of Gowri Avenue IIIrd Cross Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class II Type - I.

How the guideline value of Gowri Avenue IIIrd Cross Street has changed

The guideline value for Gowri Avenue IIIrd Cross Street has undergone several revisions over the years. The earliest recorded revision was in 2017, where the guideline value was Rs 1,072 per sq.ft. This value increased to Rs 1,600 per sq.ft in 2023, marking a significant increase of 49%. The most recent revision in 2024 raised the guideline value to Rs 1,760 per sq.ft, which is a further increase of 10% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for this street in the years 2002, 2003, 2007, and 2012.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO carrying a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value in the village is Rs 1,980 per sq.ft, placing the 2024 figure for Gowri Avenue IIIrd Cross Street below this median.

• GowriAvenue: Rs 1,760 per sq.ft (2024)
• Gowri Avenue IInd Street: Rs 1,760 per sq.ft (2024)
• Gowri Avenue Ist Street: Rs 1,760 per sq.ft (2024)
• Gopal Chetty Street: Rs 1,760 per sq.ft (2024)
• G.K.Nagar IVth Street: Rs 1,870 per sq.ft (2024)
• G.K.Nagar Ist Street: Rs 1,870 per sq.ft (2024)

Stamp duty and registration fee for property in Gowri Avenue IIIrd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200. Together, the total cost for these fees would be Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gowri Avenue IIIrd Cross Street?

The Sub Registrar Office that covers Gowri Avenue IIIrd Cross Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, within the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Anakaputhur. When buying or selling a property, the guideline value is used to determine the applicable stamp duty and registration fees. This ensures that the fees are calculated based on a standardized value set by the authorities.

It is essential for buyers and sellers to be aware of the guideline value in their area, as it can significantly impact the overall cost of property transactions. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Gowri Avenue IIIrd Cross Street?

The current guideline value of Gowri Avenue IIIrd Cross Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,072 per sq.ft in 2017 to Rs 1,600 per sq.ft in 2023, and then to Rs 1,760 per sq.ft in 2024. This reflects an overall increase of 64% from 2017 to 2024.

What is the land classification for Gowri Avenue IIIrd Cross Street?

Gowri Avenue IIIrd Cross Street is classified as Residential Class II Type - I according to the local guidelines.

Where can I find the Sub Registrar Office for Gowri Avenue IIIrd Cross Street?

The Sub Registrar Office for Gowri Avenue IIIrd Cross Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is 2% of the guideline value. For example, for a property valued at Rs 17,60,000, the total fees would amount to Rs 1,58,400.