Guideline Value for Rose Avenue

Rose Avenue guideline value

The current guideline value of Rose Avenue in Nandhivaram village is Rs 1,000 per sq.ft, as per the 2024 revision effective from 1 July 2024. This street falls under the Gooduvancheri SRO and is classified as Residential Class II Type - I.

How the guideline value of Rose Avenue has changed

In the 2012 revision, the guideline value was set at Rs 1,000 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 670 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value rose significantly by 49%, bringing it back to Rs 1,000 per sq.ft. The 2023 revision maintained this value, and as of the 2024 revision, the guideline value remains at Rs 1,000 per sq.ft, showing no change.

There are no guideline value figures available for the years 2002, 2003, and 2007 for Rose Avenue, indicating that the register does not contain data for these years.

Guideline values in Nandhivaram

In Nandhivaram, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft, with a median value of Rs 1,500 per sq.ft. Rose Avenue's 2024 figure is below this median.

• Sadasivam Nagar: Rs 1,500 per sq.ft (2024)
• Rani Anna Nagar: Rs 1,500 per sq.ft (2024)
• Sakthi Nagar: Rs 1,500 per sq.ft (2024)
• Sakthi Nagar Extn: Rs 1,500 per sq.ft (2024)
• Saraswathi Avenue: Rs 1,500 per sq.ft (2024)
• Sarojini Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Rose Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total cost for these fees to Rs 90,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rose Avenue?

The Sub Registrar Office that covers Rose Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, 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 Nandhivaram

The guideline value plays a crucial role when buying or selling property in Nandhivaram. It is used to determine the stamp duty and registration fees that must be paid during the property transaction. The fees are calculated based on the higher value between the guideline value and the sale price.

When registering a property, it is essential to be aware of the guideline value as it directly impacts the financial obligations involved in the transaction. Buyers and sellers should ensure they are informed about the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Rose Avenue?

The current guideline value of Rose Avenue is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen fluctuations, starting from Rs 1,000 in 2012, decreasing to Rs 670 in 2017, and then rising to Rs 1,000 again by 2023 and 2024.

Are there any years with no guideline value for Rose Avenue?

Yes, the years 2002, 2003, and 2007 have no guideline value figures available for Rose Avenue in the register.

What are the stamp duty and registration fees for a property in Rose Avenue?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, making a total of Rs 90,000.

Which office handles the registration for properties in Rose Avenue?

The Gooduvancheri Sub Registrar Office handles the registration for properties in Rose Avenue, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202.