Guideline Value for Shashti Avenue

Shashti Avenue guideline value

The current guideline value of Shashti Avenue is Rs 1,500 per sq.ft, as per the 2023 revision. This street is located in Vandalur village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Shashti Avenue has changed

Looking at the revisions, the guideline value for Shashti Avenue was Rs 1,500 per sq.ft in both the 2012 and 2023 revisions. In the 2017 revision, the value dropped to Rs 1,005 per sq.ft, marking a decrease of 33% from the 2012 figure. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 1,500 per sq.ft.

Overall, comparing the 2012 revision to the 2023 revision, there has been no change in the guideline value, remaining at Rs 1,500 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Vandalur

Shashti Avenue is part of Vandalur, which falls under the Gooduvancheri SRO. Unfortunately, there are no specific village figures available for this area. Below are the other streets in Vandalur:

Stamp duty and registration fee for property in Shashti Avenue

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, totaling Rs 1,35,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Shashti Avenue?

The Sub Registrar Office that covers Shashti Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor when buying or selling property in Vandalur. It serves as the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must be aware that the guideline value may influence the final sale price, as it is used to determine the financial obligations during the registration process.

When registering a property, the buyer will need to pay stamp duty and registration fees based on the higher of the guideline value or the actual sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Shashti Avenue?

The current guideline value of Shashti Avenue is Rs 1,500 per sq.ft, according to the 2023 revision.

How has the guideline value changed over the years?

The guideline value of Shashti Avenue has seen a decrease from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, followed by an increase back to Rs 1,500 per sq.ft in 2023.

What is the land classification of Shashti Avenue?

Shashti Avenue is classified as Residential Special Type - I, which indicates its intended use for residential purposes.

Where is the Gooduvancheri Sub Registrar Office located?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value would incur stamp duty and registration fees totaling Rs 1,35,000.