Guideline Value for Gowri Avenue Ist Street

Gowri Avenue Ist Street guideline value

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

The guideline value for Gowri Avenue Ist Street has undergone several revisions over the years. In 2017, the value was set at Rs 1,072 per sq.ft. This increased to Rs 1,600 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 saw another increase to Rs 1,760 per sq.ft, which is a 10% increase from the previous year.

There are no recorded figures for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, the guideline value has increased by 64% from Rs 1,072 per sq.ft in 2017 to Rs 1,760 per sq.ft in 2024.

Guideline values in Anakaputhur

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

• Gowri Avenue IInd Street: Rs 1,760 per sq.ft (2024)
• Gowri Avenue IIIrd Cross 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 Ist Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total charges to Rs 1,58,400. 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 details on costs.

Which Sub Registrar Office covers Gowri Avenue Ist Street?

The Sub Registrar Office that covers Gowri Avenue Ist 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 serves as a benchmark for assessing the value of properties and determining the applicable stamp duty and registration fees during the sale or purchase of real estate.

Frequently asked questions

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

The current guideline value of Gowri Avenue Ist 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 a total increase of 64% over this period.

What is the land classification for Gowri Avenue Ist Street?

Gowri Avenue Ist Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the other streets with the same guideline value?

Other streets in Anakaputhur, such as Gowri Avenue IInd Street, Gowri Avenue IIIrd Cross Street, GowriAvenue, and Gopal Chetty Street, also have a guideline value of Rs 1,760 per sq.ft for 2024.

Where is the Sub Registrar Office located for Gowri Avenue Ist Street?

The Pammal Sub Registrar Office, which covers Gowri Avenue Ist Street, is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.