Guideline Value for SM GRAND AVENUE

Sm Grand Avenue guideline value

The current guideline value of Sm Grand Avenue is Rs 2,687 per sq.ft, as per the 2023 revision. This street is located in Melakottyur village, under the jurisdiction of the Gooduvancheri SRO. The land classification for this area is Mixed Special Type - II.

How the guideline value of Sm Grand Avenue has changed

In the 2017 revision, the guideline value was Rs 1,800 per sq.ft. This marked a significant increase of 49% to the current value of Rs 2,687 per sq.ft in the 2023 revision. There are no figures available for the revisions in 2024, 2012, 2007, 2003, and 2002 for this street.

From 2017 to 2023, the guideline value saw an increase, reflecting changes in the property landscape. The absence of figures for earlier revisions indicates that the valuation for Sm Grand Avenue has not been consistently updated in the past.

Guideline values in Melakottyur

Currently, there are no specific guideline values provided for other areas within Melakottyur village. Sm Grand Avenue stands out with its established guideline value, which is crucial for property transactions.

Stamp duty and registration fee for property in Sm Grand Avenue

For a 1,000 sq.ft plot at the current rate of Rs 2,687 per sq.ft, the guideline value amounts to Rs 26,87,000. The stamp duty at 7% would be Rs 1,88,090, and the registration fee at 2% would be Rs 53,740, making the total Rs 2,41,830. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sm Grand Avenue?

The Sub Registrar Office that covers Sm Grand 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 information.

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

The guideline value plays a significant role in property transactions in Melakottyur. It serves as a benchmark for determining the stamp duty and registration fees during the sale or purchase of a property.

When registering a property, the guideline value is considered to ensure that the transaction is aligned with the official valuations set by the Registration Department. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Sm Grand Avenue?

The current guideline value of Sm Grand Avenue is Rs 2,687 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

From the 2017 revision, which was Rs 1,800 per sq.ft, the guideline value increased to Rs 2,687 per sq.ft in 2023, representing a 49% rise. There are no figures available for the revisions in 2024, 2012, 2007, 2003, and 2002 for this street.

What is the stamp duty for properties in Sm Grand Avenue?

The stamp duty for properties in Sm Grand Avenue is 7% of the guideline value or sale price, whichever is higher. For a plot valued at Rs 26,87,000, the stamp duty would amount to Rs 1,88,090.

Where is the Sub Registrar Office for Sm Grand Avenue located?

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

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees when buying or selling property in Melakottyur. It acts as a benchmark for official valuations, ensuring transparency in property transactions.