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_B village under the Sriperumpudur SRO and is classified as Residential Class I Type - I.

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 the 2017 revision, the value was set at Rs 201 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 300 per sq.ft. The most recent revision in 2024 also maintains the guideline value at Rs 300 per sq.ft, indicating no change from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. Overall, from the 2017 revision to the current 2024 revision, the guideline value has increased by 49% as well. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Nemili_B

In Nemili_B, there are 97 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing Gowtham Golden Avenue's value above this median.

• Gowthami Nagar (Gowthami Estates): Rs 300 per sq.ft (2024)
• Gragapriya Nagar: Rs 300 per sq.ft (2024)
• Green Field New Town: Rs 600 per sq.ft (2024)
• Gnanambal Nagar: Rs 300 per sq.ft (2024)
• Gnammal Nagar: Rs 300 per sq.ft (2024)
• Hasiya Nagar: Rs 200 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 guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total charges to 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 additional information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Nemili_B. It is used to calculate the stamp duty and registration fees, which are mandatory for property transactions.

When a property is registered, the guideline value is considered to ensure that the appropriate taxes are levied based on the established rates. This helps in maintaining transparency and consistency in property transactions within the region.

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 remained unchanged at Rs 300 per sq.ft from 2023 to 2024. However, it increased by 49% from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023.

What is the land classification of Gowtham Golden Avenue?

Gowtham Golden Avenue is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Gowtham Golden Avenue?

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

How is the stamp duty calculated for properties in Gowtham Golden Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate has a total guideline value of Rs 3,00,000, leading to a stamp duty of Rs 21,000.