Guideline Value for PRATHISHA AVENUE

Prathisha Avenue guideline value

The current guideline value of Prathisha Avenue is Rs 1,050 per sq.ft. This street is located in Unamancheri village, under the Gooduvancheri SRO, and is classified as Residential Class III Type - III.

How the guideline value of Prathisha Avenue has changed

The guideline value for Prathisha Avenue has remained consistent over the years. The 2017 revision recorded a guideline value of Rs 1,050 per sq.ft, which was unchanged in the 2023 revision, also at Rs 1,050 per sq.ft, reflecting a change of +0% between these two revisions.

There are no recorded figures for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street. Thus, the only available figures are from the 2017 and 2023 revisions, both standing at Rs 1,050 per sq.ft.

Guideline values in Unamancheri

Currently, there are no specific guideline values provided for other streets in Unamancheri. Prathisha Avenue's guideline value stands at Rs 1,050 per sq.ft.

Stamp duty and registration fee for property in Prathisha Avenue

For a 1,000 sq.ft plot at the current rate of Rs 1,050 per sq.ft, the guideline value amounts to Rs 10,50,000. The stamp duty at 7% would be Rs 73,500, and the registration fee at 2% would be Rs 21,000, totaling Rs 94,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Prathisha Avenue?

The Sub Registrar Office that covers Prathisha Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial figure used during the registration process when buying or selling property in Unamancheri. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than fluctuating market prices.

When a property transaction occurs, the higher value between the guideline value and the sale price is used to determine the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Prathisha Avenue?

The current guideline value of Prathisha Avenue is Rs 1,050 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value for Prathisha Avenue has remained unchanged at Rs 1,050 per sq.ft from the 2017 revision to the 2023 revision, reflecting a change of +0%.

Are there any guideline values for other streets in Unamancheri?

No specific guideline values have been provided for other streets in Unamancheri at this time. Prathisha Avenue is the only street with an established guideline value of Rs 1,050 per sq.ft.

How are stamp duty and registration fees calculated for properties?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a 1,000 sq.ft plot at Rs 1,050 per sq.ft, the total guideline value would be Rs 10,50,000.

Which office handles registrations for Prathisha Avenue?

The Gooduvancheri Sub Registrar Office handles registrations for Prathisha Avenue. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.