Guideline Value for SRI VENKATESHWARA AVENUE

Sri Venkateshwara Avenue guideline value

The current guideline value of Sri Venkateshwara Avenue is Rs 1,000 per sq.ft, as per the 2023 revision. This street is located in Melakottyur village, under the Gooduvancheri SRO, and is classified as Residential Special Type - III.

How the guideline value of Sri Venkateshwara Avenue has changed

Since the 2012 revision, the guideline value for Sri Venkateshwara Avenue has remained stable at Rs 1,000 per sq.ft. In the 2017 revision, the value was Rs 670 per sq.ft, marking a decrease of 33% from the previous figure in 2012. The most recent revision in 2023 saw an increase of 49% from the 2017 value, bringing it back to Rs 1,000 per sq.ft.

There are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street. Overall, comparing the 2012 and 2023 revisions, the guideline value has not changed, remaining at Rs 1,000 per sq.ft.

Guideline values in Melakottyur

Currently, there are no specific village figures provided for Melakottyur. Sri Venkateshwara Avenue is the only street mentioned under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Sri Venkateshwara 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, bringing the total cost for these fees to Rs 90,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Venkateshwara Avenue?

The Sri Venkateshwara Avenue is covered by 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 Melakottyur

The guideline value plays a crucial role in property transactions in Melakottyur. It is used to determine the stamp duty and registration fees when buying or selling property in the area.

When registering a property, the buyer needs to pay the applicable stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately in the official registry.

Frequently asked questions

What is the current guideline value of Sri Venkateshwara Avenue?

The current guideline value of Sri Venkateshwara Avenue is Rs 1,000 per sq.ft, as per the 2023 revision.

How much has the guideline value changed since 2012?

Since 2012, the guideline value has remained the same at Rs 1,000 per sq.ft in the 2023 revision. There was a decrease to Rs 670 per sq.ft in 2017, but it increased back to Rs 1,000 in 2023.

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

The stamp duty is charged at 7% and the registration fee at 2%. For a property valued at Rs 10,00,000, the total fees would amount to Rs 90,000.

Which office handles the registration for properties in Sri Venkateshwara Avenue?

The registration for properties in Sri Venkateshwara Avenue is handled by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Are there any other streets in Melakottyur with guideline values?

No other streets in Melakottyur are mentioned under the Gooduvancheri SRO, making Sri Venkateshwara Avenue the only street referenced for guideline values.