Guideline Value for Hindu Avenue Extn-V

Hindu Avenue Extn-V guideline value

The current guideline value of Hindu Avenue Extn-V is Rs 701 per sq.ft, effective from 1 July 2024. This street is located in Karanaipuducheri village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Hindu Avenue Extn-V has changed

Over the years, the guideline value of Hindu Avenue Extn-V has seen several revisions. The 2012 revision set the guideline value at Rs 700 per sq.ft, which remained unchanged in the 2023 revision. The 2024 revision has slightly increased it to Rs 701 per sq.ft, marking a 0% change from the previous year. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Looking back further, the 2017 revision recorded a guideline value of Rs 469 per sq.ft, which represented a significant increase of 49% when compared to the 2023 figure. However, from 2012 to 2017, the value decreased by 33%. Overall, from 2012 to 2024, the guideline value has remained stable, showing a net change of 0%.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 400 to Rs 2,239 per sq.ft as of 2024. The median guideline value for these streets is Rs 802 per sq.ft, positioning Hindu Avenue Extn-V below this median.

• Hindu Avenue Extension I & II: Rs 701 per sq.ft (2024)
• Hindu Avenue Extension -6: Rs 701 per sq.ft (2024)
• Hindu Avenue: Rs 701 per sq.ft (2024)
• Harsh Nagar: Rs 701 per sq.ft (2024)
• Jayaraman Nagar: Rs 800 per sq.ft (2024)
• Jayaraman Nagar( 255/2a,259/1a,259/4a1 ): Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Hindu Avenue Extn-V

For a 1,000 sq.ft plot at the current guideline value of Rs 701 per sq.ft, the total guideline value amounts to Rs 7,01,000. The stamp duty is calculated at 7%, which would be Rs 49,070, and the registration fee is at 2%, amounting to Rs 14,020. Together, the total cost for stamp duty and registration would be Rs 63,090. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Hindu Avenue Extn-V?

The Hindu Avenue Extn-V is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during property transactions in Karanaipuducheri. It serves as the basis for calculating stamp duty and registration fees when a property is bought or sold. Buyers and sellers need to be aware of the guideline value to ensure they meet all legal requirements during the registration process.

When registering a property, the guideline value is compared to the sale price. The higher of the two figures is used to determine the applicable stamp duty and registration fees. This ensures that the transaction is documented accurately and complies with local regulations.

Frequently asked questions

What is the current guideline value of Hindu Avenue Extn-V?

The current guideline value of Hindu Avenue Extn-V is Rs 701 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent being Rs 701 per sq.ft in 2024. The value was Rs 700 per sq.ft in 2023, and it was Rs 469 per sq.ft in 2017.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 7,01,000, the stamp duty is Rs 49,070, and the registration fee is Rs 14,020, totaling Rs 63,090. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Hindu Avenue Extn-V?

The Gooduvancheri Sub Registrar Office handles registrations for Hindu Avenue Extn-V, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.

What is the land classification for Hindu Avenue Extn-V?

The land classification for Hindu Avenue Extn-V is Residential Special Type - II, indicating its designated use for residential purposes.