Guideline Value for TOP CITY AVENUE

Top City Avenue guideline value

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

How the guideline value of Top City Avenue has changed

In the 2017 revision, the guideline value was set at Rs 670 per sq.ft. This represents a significant increase to Rs 1,000 per sq.ft in the 2023 revision, which is a change of 49%. The register has no figures for the years 2002, 2003, 2007, 2012, and 2024 for this street.

From 2017 to 2023, the guideline value experienced a substantial rise of 49%, indicating a notable adjustment in the valuation of properties along Top City Avenue. The absence of figures for the earlier revisions means we cannot track any changes prior to 2017.

Guideline values in Melakottyur

Currently, there are no specific village figures available for Melakottyur. However, Top City Avenue is listed under the Gooduvancheri SRO. There are no other streets in Melakottyur provided in the data.

Stamp duty and registration fee for property in Top City 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 amount payable Rs 90,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Top City Avenue?

The Sub Registrar Office that covers Top City Avenue is 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 during the registration of property transactions in Melakottyur. It is the basis for calculating the stamp duty and registration fees that are payable at the time of property registration.

When buying or selling property, the guideline value is considered to ensure that the transaction is recorded at a fair value. This helps in maintaining transparency in property dealings and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Top City Avenue?

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

How much has the guideline value changed over the years?

From the 2017 revision of Rs 670 per sq.ft, the guideline value increased to Rs 1,000 per sq.ft in the 2023 revision, marking a change of 49%.

Are there any guideline values for earlier revisions?

The register has no figures for the years 2002, 2003, 2007, 2012, and 2024 for Top City Avenue.

What is the stamp duty rate for properties in Top City Avenue?

The stamp duty rate for properties in Top City Avenue is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Top City Avenue located?

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