Guideline Value for G D S NAGAR

G D S Nagar guideline value

The current guideline value of G D S Nagar, located in Tharapakkam village under the Pammal SRO, is Rs 1,100 per sq.ft as per the 2024 revision effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of G D S Nagar has changed

The guideline value for G D S Nagar has seen significant changes over the years. The earliest available revision is from 2017, where the guideline value was Rs 670 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Tharapakkam

In Tharapakkam, there are 47 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,000 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, which aligns with the current value of G D S Nagar.

• Gayathri Nagar Annex: Rs 1,310 per sq.ft (2024)
• Gandhi Salai (ward 4): Rs 1,100 per sq.ft (2024)
• Gandhi Salai (ward 3): Rs 1,100 per sq.ft (2024)
• Evp Town Phase - II: Rs 3,450 per sq.ft (2024)
• E.V.P Town: Rs 1,100 per sq.ft (2024)
• Doctors Chennapatnam: Rs 4,269 per sq.ft (2024)

Stamp duty and registration fee for property in G D S Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total cost Rs 99,000. It is essential to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers G D S Nagar?

The G D S Nagar area falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Tharapakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property in the area.

When you register a property, the guideline value helps ensure that the transaction reflects a fair value for the property being sold. This value is used by the registration office to calculate the necessary fees and taxes associated with the transaction.

Frequently asked questions

What is the current guideline value of G D S Nagar?

The current guideline value of G D S Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has changed from Rs 670 per sq.ft to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 64%.

What is the land classification of G D S Nagar?

G D S Nagar is classified as Residential Class I Type - I, indicating its designation for residential use.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is stamp duty calculated in G D S Nagar?

Stamp duty in G D S Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at a rate of 7%.