Guideline Value for Gowtham Golden Avenue

Gowtham Golden Avenue guideline value

The current guideline value of Gowtham Golden Avenue is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Nemili village under the Sriperumpudur SRO and falls under the Residential Class I Type - I land classification.

How the guideline value of Gowtham Golden Avenue has changed

The guideline value for Gowtham Golden Avenue has seen several revisions over the years. In 2007, the guideline value was Rs 125 per sq.ft, which increased significantly to Rs 300 per sq.ft in 2012. However, it then decreased to Rs 201 per sq.ft in 2017, before returning to Rs 300 per sq.ft in both the 2023 and 2024 revisions, indicating no change from 2023 to 2024.

Overall, from 2007 to 2024, the guideline value has increased by 140%. The revisions for the years 2002 and 2003 do not have any figures listed for this street in the register.

Guideline values in Nemili

In Nemili, there are 66 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,000 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value of Rs 300 per sq.ft for Gowtham Golden Avenue is above this median.

• Gowthami Nagar (Gowthami Estates): Rs 300 per sq.ft (2024)
• Gragapriya Nagar: Rs 300 per sq.ft (2024)
• Gnanambal Nagar: Rs 300 per sq.ft (2024)
• Hasiya Nagar: Rs 210 per sq.ft (2024)
• Gandhi Street: Rs 210 per sq.ft (2024)
• Ganapathy Nagar Part IV: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Gowtham Golden Avenue

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty, charged at 7%, would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, resulting in a total of Rs 27,000. 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 details.

Which Sub Registrar Office covers Gowtham Golden Avenue?

The Gowtham Golden Avenue is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling a property in Nemili, the guideline value is used to calculate the stamp duty and registration fees applicable to the transaction.

It is important for buyers and sellers to be aware of the guideline value to ensure compliance with registration requirements and to avoid any legal issues during the property transfer process.

Frequently asked questions

What is the current guideline value of Gowtham Golden Avenue?

The current guideline value of Gowtham Golden Avenue is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 125 per sq.ft in 2007 to Rs 300 per sq.ft in 2012, then decreased to Rs 201 per sq.ft in 2017, and returned to Rs 300 per sq.ft in 2023 and 2024.

What is the median guideline value in Nemili?

The median guideline value in Nemili is Rs 250 per sq.ft, with the values for various streets ranging from Rs 150 to Rs 1,000 per sq.ft.

What are the stamp duty and registration fees for property in Gowtham Golden Avenue?

The stamp duty is charged at 7% and the registration fee at 2%. For a 1,000 sq.ft plot at Rs 300 per sq.ft, the total fees would be Rs 27,000.

Which office handles the registration for Gowtham Golden Avenue?

The Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone, handles the registration for Gowtham Golden Avenue.