Guideline Value for Power Avenue

Power Avenue guideline value

The current guideline value of Power Avenue, located in Keelakazhani village under the Gooduvancheri SRO, is Rs 700 per sq.ft. This value is effective from 1 July 2024 and is classified as Residential Special Type - I.

How the guideline value of Power Avenue has changed

Power Avenue's guideline value has seen several revisions over the years. In 2012, the value was set at Rs 700 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 469 per sq.ft. Following this, the value increased significantly to Rs 700 per sq.ft in the 2023 revision, maintaining the same figure in the 2024 revision, resulting in a 49% increase from 2017 to 2023.

Notably, there are no figures available for the years 2002, 2003, and 2007 for this street. The overall change from 2012 to 2024 shows no percentage change, as the value has returned to Rs 700 per sq.ft.

Guideline values in Keelakazhani

In Keelakazhani, there are 35 streets under the Gooduvancheri SRO, with 2024 guideline values ranging from Rs 500 to Rs 1,000 per sq.ft. The median value is Rs 700 per sq.ft, which is equal to the current guideline value of Power Avenue.

• Peruvazhi Nagar: Rs 700 per sq.ft (2024)
• Ragavendra Garden: Rs 600 per sq.ft (2024)
• R K Nagar: Rs 600 per sq.ft (2024)
• M.S. Nagar: Rs 700 per sq.ft (2024)
• Shri Shanmuga Nagar Pahase-II: Rs 600 per sq.ft (2024)
• Sri Gopalakrishna Nagar Phase -II: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Power Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total cost to Rs 63,000. 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 detailed calculations.

Which Sub Registrar Office covers Power Avenue?

The Sub Registrar Office that covers Power 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 Keelakazhani

The guideline value plays a crucial role during the registration of property transactions in Keelakazhani. When a property is bought or sold, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the cost of registration. Understanding this value can help in budgeting for the total expenses involved in property transactions.

Frequently asked questions

What is the current guideline value of Power Avenue?

The current guideline value of Power Avenue is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft since 2012, except for a drop to Rs 469 per sq.ft in 2017. It increased to Rs 700 per sq.ft again in the 2023 revision and has not changed in 2024.

What is the land classification for Power Avenue?

Power Avenue is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the registration office for Power Avenue?

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

How is stamp duty calculated for properties in Keelakazhani?

Stamp duty for properties in Keelakazhani is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for registration fees.