Guideline Value for Vivekanandar Avenue

Vivekanandar Avenue guideline value

The current guideline value of Vivekanandar Avenue is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Gooduvancheri village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Vivekanandar Avenue has changed

The guideline value for Vivekanandar Avenue has remained stable at Rs 1,500 per sq.ft for both the 2023 and 2024 revisions. The previous revision in 2017 set the value at Rs 1,005 per sq.ft, marking a significant increase of 49% over the six-year period from 2017 to 2023, and the same percentage increase from 2017 to 2024.

There are no figures available in the register for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only revisions with recorded values are from 2017, 2023, and 2024.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median value is Rs 1,500 per sq.ft, which is equal to the current guideline value of Vivekanandar Avenue.

• Visveswaran Iyer Street: Rs 1,500 per sq.ft (2024)
• V.O.C. Street: Rs 2,001 per sq.ft (2024)
• Venugopal Naidu Street: Rs 2,001 per sq.ft (2024)
• Vedhathiri Colony: Rs 2,001 per sq.ft (2024)
• Unnamalai Nagar: Rs 1,200 per sq.ft (2024)
• Thulakathaman kovil street: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Vivekanandar 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, bringing the total cost for these charges to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations based on your property.

Which Sub Registrar Office covers Vivekanandar Avenue?

The Vivekanandar Avenue falls under the jurisdiction of 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 Gooduvancheri

The guideline value is an important factor when registering a property in Gooduvancheri. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in accordance with government regulations.

When buying or selling property, the guideline value is used to calculate stamp duty and registration fees. These charges are based on the higher of the guideline value or the sale price, which helps in maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value of Vivekanandar Avenue?

The current guideline value of Vivekanandar Avenue is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,500 per sq.ft for both the 2023 and 2024 revisions, with a previous value of Rs 1,005 per sq.ft in 2017, reflecting an increase of 49% over that period.

What is the land classification for Vivekanandar Avenue?

Vivekanandar Avenue is classified as Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty rates for property in Gooduvancheri?

The stamp duty rate for property in Gooduvancheri is 7% of the guideline value or sale price, whichever is higher. This is applicable during the registration process.

Where is the Gooduvancheri Sub Registrar Office located?

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