Guideline Value for GowriAvenue

GowriAvenue guideline value

The current guideline value of GowriAvenue 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 GowriAvenue has changed

The guideline value for GowriAvenue has seen significant changes over the years. In the 2003 revision, the value was Rs 235 per sq.ft. This increased to Rs 300 per sq.ft in 2007, marking an increase of 28%. The value then surged to Rs 1,072 per sq.ft in 2017, reflecting a remarkable growth of 257%. The 2023 revision set the guideline value at Rs 1,600 per sq.ft, which was a 49% increase from the previous figure.

The latest revision in 2024 has brought the guideline value to Rs 1,760 per sq.ft, which is a 10% increase from the 2023 figure. Notably, there are no figures available for the years 2002 and 2012 for this street in the register.

Guideline values in Anakaputhur

Anakaputhur has a total of 501 streets under the Pammal SRO, with guideline values ranging from Rs 1,320 to Rs 4,640 per sq.ft as of 2024. The median guideline value for these streets is Rs 1,980 per sq.ft, placing the GowriAvenue 2024 figure below this median.

• Gowri Avenue IIIrd Cross Street: 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 GowriAvenue

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, making the total charges 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 more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers GowriAvenue?

The GowriAvenue is covered by 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 when buying or selling property in Anakaputhur. It serves as a benchmark for determining the minimum sale price of the property, ensuring that the transaction is recorded accurately in the official records.

When a property is registered, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transfer of property ownership. This ensures that both the buyer and seller comply with legal requirements during the transaction.

Frequently asked questions

What is the current guideline value of GowriAvenue?

The current guideline value of GowriAvenue 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 increased from Rs 235 per sq.ft in 2003 to Rs 1,760 per sq.ft in 2024, marking an overall increase of 649% over the years.

What are the stamp duty and registration fees for a property in GowriAvenue?

For a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200 and the registration fee would be Rs 35,200, totaling Rs 1,58,400.

Which office handles registrations for GowriAvenue?

The Pammal Sub Registrar Office handles registrations for GowriAvenue, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification of GowriAvenue?

GowriAvenue is classified as Residential Class II Type - I, indicating its designation for residential use within the area.