Guideline Value for Guna Avenue

Guna Avenue guideline value

The current guideline value of Guna Avenue is Rs 1,100 per sq.ft as per the 2023 revision. This street is located in Rathinamangalam village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Guna Avenue has changed

Over the years, the guideline value of Guna Avenue has seen several revisions. The 2012 revision set the value at Rs 1,600 per sq.ft, which was a significant figure. However, this value dropped to Rs 737 per sq.ft in the 2017 revision, marking a decrease of 54%. The most recent revision in 2023 saw an increase to Rs 1,100 per sq.ft, which is a rise of 49% from the 2017 figure.

When looking at the overall change from 2012 to 2023, the guideline value has decreased by 31%. It is important to note that the register has no figures for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Rathinamangalam

Currently, there are no specific guideline values provided for other streets in Rathinamangalam under the Gooduvancheri SRO. Guna Avenue is the only street mentioned in the available data.

Stamp duty and registration fee for property in Guna Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total charges to Rs 99,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Guna Avenue?

The Sub Registrar Office that covers Guna Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Rathinamangalam. It determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees.

When a property is sold, the buyer must pay stamp duty based on the higher of the guideline value or the actual sale price. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Guna Avenue?

The current guideline value of Guna Avenue is Rs 1,100 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, and then increased to Rs 1,100 per sq.ft in 2023.

What is the land classification for Guna Avenue?

The land classification for Guna Avenue is Residential Special Type - III.

Where is the Sub Registrar Office for Guna Avenue located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Guna Avenue?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 77,000.