Guideline Value for Threw Avenue

Threw Avenue guideline value

The current guideline value of Threw Avenue in Melakottyur village, under the Gooduvancheri SRO, is Rs 1,500 per sq.ft as per the 2023 revision. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Threw Avenue has changed

Looking at the revisions, the guideline value for Threw Avenue was Rs 1,500 per sq.ft in 2012. This figure remained unchanged in the 2023 revision, but there was a significant drop to Rs 1,005 per sq.ft in the 2017 revision, marking a decrease of 33%. From 2017 to 2023, however, the value increased by 49% to reach the current rate of Rs 1,500 per sq.ft.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street. Overall, from 2012 to 2023, the guideline value has remained stable, showing an overall change of 0%.

Guideline values in Melakottyur

Currently, there are no specific village figures provided for Melakottyur. Threw Avenue is part of the commercial landscape in this area, and there are no other streets in Melakottyur under the Gooduvancheri SRO listed.

Stamp duty and registration fee for property in Threw Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total 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, resulting in a total cost of Rs 1,35,000. It is essential to note that the 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 Threw Avenue?

The Sub Registrar Office that covers Threw Avenue is the Gooduvancheri Sub Registrar Office, 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 Melakottyur

When buying or selling property in Melakottyur, the guideline value is a critical factor during the registration process. It is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions.

Buyers should be aware that the guideline value serves as a reference point for the minimum sale price of the property. This ensures that the property is registered at a value that reflects the established rates in the area.

Frequently asked questions

What is the current guideline value of Threw Avenue?

The current guideline value of Threw Avenue is Rs 1,500 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value for Threw Avenue was Rs 1,500 per sq.ft in 2012, decreased to Rs 1,005 per sq.ft in 2017, and returned to Rs 1,500 per sq.ft in 2023, showing a 49% increase from 2017 to 2023.

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

For a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 15,00,000. The stamp duty is Rs 1,05,000, and the registration fee is Rs 30,000, adding up to a total of Rs 1,35,000.

Which Sub Registrar Office covers Threw Avenue?

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

Are there other streets in Melakottyur with guideline values?

Currently, there are no other streets in Melakottyur listed under the Gooduvancheri SRO with specific guideline values. Threw Avenue is the only street mentioned in this context.