Guideline Value for SRI GANESH AVENUE

Sri Ganesh Avenue guideline value

The current guideline value of Sri Ganesh Avenue in Adhanoor village, under the Gooduvancheri SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. This street falls under the land classification of Residential Special Type - I.

How the guideline value of Sri Ganesh Avenue has changed

The guideline value for Sri Ganesh Avenue has remained consistent at Rs 1,000 per sq.ft for the 2023 and 2024 revisions. Prior to this, the 2017 revision set the value at Rs 670 per sq.ft, marking a significant increase of 49% from 2017 to 2023, and maintaining the same value into 2024.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 670 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 1,000 per sq.ft, which is equal to the current value of Sri Ganesh Avenue.

• Sri Ganesh Nagar: Rs 1,000 per sq.ft (2024)
• Sri Gayathri Co.op Mega Nagar: Rs 1,000 per sq.ft (2024)
• Sri Kanthavel Nagar: Rs 1,000 per sq.ft (2024)
• Sri Krishna Nagar Extn-I,II: Rs 1,000 per sq.ft (2024)
• Sri Balaji Nagar Stage-1,2,3: Rs 1,000 per sq.ft (2024)
• Sri Baba Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ganesh Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, making the total Rs 90,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Ganesh Avenue?

The Gooduvancheri Sub Registrar Office covers Sri Ganesh Avenue. The office is 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 Adhanoor

The guideline value is a crucial factor during property registration in Adhanoor. It determines the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions. Buyers should be aware of these values to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Sri Ganesh Avenue?

The current guideline value of Sri Ganesh 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 remained at Rs 1,000 per sq.ft for both 2023 and 2024 revisions, with a previous value of Rs 670 per sq.ft in 2017, reflecting a 49% increase from 2017 to 2024.

What is the median guideline value for streets in Adhanoor?

The median guideline value for streets in Adhanoor is Rs 1,000 per sq.ft, which is the same as the current value for Sri Ganesh Avenue.

What are the stamp duty and registration fees for property in Sri Ganesh Avenue?

For a 1,000 sq.ft plot, the total guideline value is Rs 10,00,000. The stamp duty at 7% is Rs 70,000, and the registration fee at 2% is Rs 20,000, totaling Rs 90,000.

Where can I find the Sub Registrar Office for Sri Ganesh Avenue?

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