Guideline Value for Guru Avenue

Guru Avenue guideline value

The current guideline value of Guru Avenue in Narasan Kuppam village is Rs 400 per sq.ft, effective from 1 July 2024. This street falls under the jurisdiction of the Thirukazhukundram SRO and is classified as Residential Class I Type - V.

How the guideline value of Guru Avenue has changed

According to the guideline value register, there have been revisions for Guru Avenue in 2023 and 2024, both set at Rs 400 per sq.ft. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 in the register for this street.

From 2023 to 2024, the guideline value remained unchanged, with a percentage change of +0%. This consistency indicates stability in the valuation for this period.

Guideline values in Narasan Kuppam

Currently, there are no specific guideline values provided for other streets in Narasan Kuppam under the Thirukazhukundram SRO.

Stamp duty and registration fee for property in Guru Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Guru Avenue?

The Guru Avenue property is covered by the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is a critical factor during the registration of property transactions in Narasan Kuppam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring compliance with local regulations.

When buying or selling a property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial implications of their transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Guru Avenue?

The current guideline value of Guru Avenue is Rs 400 per sq.ft, effective from 1 July 2024.

Have there been any changes in the guideline value recently?

Yes, the guideline value remained unchanged from 2023 to 2024, with both years recorded at Rs 400 per sq.ft.

What is the classification of the land on Guru Avenue?

Guru Avenue is classified as Residential Class I Type - V according to the guideline value register.

Where is the Thirukazhukundram Sub Registrar Office located?

The Thirukazhukundram Sub Registrar Office is located at Thiruchengode - 637 211, within the Chengalpattu registration zone.

How is stamp duty calculated for properties in Guru Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 28,000.