Guideline Value for SRI GOLDEN AVENUE

Sri Golden Avenue guideline value

The current guideline value of Sri Golden Avenue is Rs 1,201 per sq.ft, effective from 1 July 2024. This street is located in Nungambakkam village under the Manavalanagar SRO, and it falls under the Residential Special Type - V land classification.

How the guideline value of Sri Golden Avenue has changed

According to the register, there are no figures for Sri Golden Avenue for the years 2002, 2003, 2007, 2012, and 2017. The guideline value for this street was Rs 1,201 per sq.ft in the 2023 revision and remains unchanged in the 2024 revision, reflecting a change of +0% from the previous year.

The only recorded figures for Sri Golden Avenue are from the 2023 and 2024 revisions, both at Rs 1,201 per sq.ft. This consistency indicates stability in the guideline value for this street over the past two years.

Guideline values in Nungambakkam

In Nungambakkam, there are 128 streets under the Manavalanagar SRO that carry a 2024 guideline value ranging from Rs 126 to Rs 1,500 per sq.ft, with a median value of Rs 250 per sq.ft. Sri Golden Avenue's 2024 figure of Rs 1,201 per sq.ft is significantly above this median.

• Jp Royal Avenue: Rs 600 per sq.ft (2024)
• Zy Gardens: Rs 700 per sq.ft (2024)
• Airphore Garden: Rs 126 per sq.ft (2024)
• Alamelu Ammal Nagar: Rs 300 per sq.ft (2024)
• Amrutha Garden: Rs 400 per sq.ft (2024)
• Amrutha Garden Extension: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Golden Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,201 per sq.ft, the total guideline value would be Rs 12,01,000. The stamp duty at 7% would amount to Rs 84,070, and the registration fee at 2% would be Rs 24,020, bringing the total cost together to Rs 1,08,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Golden Avenue?

The Sub Registrar Office that covers Sri Golden Avenue is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Nungambakkam, as it determines the minimum value at which properties can be registered. When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized assessment of property values in the area.

Frequently asked questions

What is the current guideline value of Sri Golden Avenue?

The current guideline value of Sri Golden Avenue is Rs 1,201 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Golden Avenue has remained at Rs 1,201 per sq.ft from 2023 to 2024, with no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Sri Golden Avenue?

Sri Golden Avenue falls under the Residential Special Type - V land classification, indicating its designated use for residential purposes.

How is stamp duty calculated for properties in Sri Golden Avenue?

Stamp duty for properties in Sri Golden Avenue is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,201 per sq.ft incurs a total guideline value of Rs 12,01,000.

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

The Sub Registrar Office covering Sri Golden Avenue is located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.