Guideline Value for Gowri Avenue IInd Street

Gowri Avenue IInd Street guideline value

The current guideline value of Gowri Avenue IInd 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 IInd Street has changed

The guideline value for Gowri Avenue IInd Street has seen several revisions over the years. In the 2017 revision, the value was set at Rs 1,072 per sq.ft. This increased significantly to Rs 1,600 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has further increased the guideline value to Rs 1,760 per sq.ft, which represents a 10% increase 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 Gowri Avenue IInd Street for the years 2002, 2003, 2007, and 2012.

Guideline values in Anakaputhur

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

• Gowri Avenue IIIrd Cross Street: Rs 1,760 per sq.ft (2024)
• Gowri Avenue Ist Street: Rs 1,760 per sq.ft (2024)
• GowriAvenue: 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 IInd 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, charged at 7%, would amount to Rs 1,23,200, while the registration fee, charged at 2%, would be Rs 35,200. Together, the total cost for stamp duty and registration fee 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.

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

Which Sub Registrar Office covers Gowri Avenue IInd Street?

The Sub Registrar Office that covers Gowri Avenue IInd Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in 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. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Gowri Avenue IInd Street?

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

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,072 per sq.ft to Rs 1,760 per sq.ft in 2024, marking an overall increase of 64%.

What is the land classification for Gowri Avenue IInd Street?

Gowri Avenue IInd Street is classified as Residential Class II Type - I.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is stamp duty calculated on properties in Anakaputhur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 17,60,000, the stamp duty would be 7% of this amount.