Guideline Value for UNITED AVENUE

United Avenue guideline value

The current guideline value of United Avenue in Atanancheri village is Rs 1,050 per sq.ft, effective from 1 July 2024. This street falls under the Gooduvancheri SRO and is classified as Mixed Special Type - II.

How the guideline value of United Avenue has changed

The guideline value for United Avenue has remained consistent over the years. The register shows that the guideline value was Rs 1,050 per sq.ft in the 2017 revision, and it remained unchanged at Rs 1,050 per sq.ft in both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from 2017 to 2024, the guideline value has not changed, reflecting a steady valuation of Rs 1,050 per sq.ft across the revisions. The lack of changes between the revisions indicates stability in the guideline value for United Avenue.

Guideline values in Atanancheri

In Atanancheri, there are 83 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,500 per sq.ft. The median guideline value for the village is Rs 700 per sq.ft, placing United Avenue's 2024 figure above this median.

• Thomas Nagar: Rs 500 per sq.ft (2024)
• Varunesh Nagar: Rs 800 per sq.ft (2024)
• Vasantha Nagar: Rs 600 per sq.ft (2024)
• Vedhadri Maharishi Nagar: Rs 600 per sq.ft (2024)
• Thirumagal Nagar (Extn): Rs 700 per sq.ft (2024)
• Thirumagal Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in United Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,050 per sq.ft, the total guideline value amounts to Rs 10,50,000. The stamp duty at 7% would be Rs 73,500, and the registration fee at 2% would be Rs 21,000, bringing the total cost for these fees to Rs 94,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers United Avenue?

The Sub Registrar Office that covers United 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 Atanancheri

The guideline value plays a crucial role in the registration process when buying or selling property in Atanancheri. It is used to determine the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property transaction occurs, the guideline value ensures that the government receives the appropriate taxes. Buyers and sellers must be aware of the guideline value to accurately assess the costs associated with property transactions in the area.

Frequently asked questions

What is the current guideline value of United Avenue?

The current guideline value of United Avenue is Rs 1,050 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for United Avenue has remained constant at Rs 1,050 per sq.ft since the 2017 revision, with no changes in the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

What is the land classification of United Avenue?

United Avenue is classified as Mixed Special Type - II, indicating its use and development potential within the area.

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

For a property valued at Rs 10,50,000, the stamp duty would be Rs 73,500 and the registration fee would be Rs 21,000, totaling Rs 94,500. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers United Avenue?

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