Guideline Value for G K NAGAR

G K Nagar guideline value

The current guideline value of G K Nagar is Rs 103 per sq.ft, effective from 1 July 2024. This area is located in Ananthamangalam village and falls under the Acchirapakkam SRO. The land classification for this region is Residential Special Type - I.

How the guideline value of G K Nagar has changed

Over the years, the guideline value of G K Nagar has seen several revisions. The most recent revision in 2024 set the guideline value at Rs 103 per sq.ft, which is a 3% increase from the 2023 revision of Rs 100 per sq.ft. Prior to these, the register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

In summary, the guideline value has increased from Rs 100 per sq.ft in 2023 to Rs 103 per sq.ft in 2024. The revisions for the years before 2023 are not available in the register for G K Nagar.

Guideline values in Ananthamangalam

Currently, there are no specific village figures provided for Ananthamangalam. G K Nagar is part of this village, and there are no other streets in Ananthamangalam under the Acchirapakkam SRO listed.

Stamp duty and registration fee for property in G K Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 103 per sq.ft, the total guideline value amounts to Rs 1,03,000. The stamp duty at 7% would be Rs 7,210, and the registration fee at 2% would be Rs 2,060. Together, the total cost for stamp duty and registration fee would be Rs 9,270. 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 G K Nagar?

The Sub Registrar Office that covers G K Nagar is the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in G K Nagar. It serves as a benchmark for determining the minimum value of the property for registration purposes. Buyers and sellers must be aware of the guideline value to ensure compliance with registration requirements.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of G K Nagar?

The current guideline value of G K Nagar is Rs 103 per sq.ft, effective from 1 July 2024.

How has the guideline value changed recently?

The guideline value increased from Rs 100 per sq.ft in 2023 to Rs 103 per sq.ft in 2024, marking a 3% rise.

Are there any previous revisions for G K Nagar?

The register has no figure for G K Nagar for the years 2017, 2012, 2007, 2003, and 2002. The only available revisions are from 2023 and 2024.

What are the stamp duty and registration fees for property in G K Nagar?

For a property valued at Rs 1,03,000, the stamp duty would be Rs 7,210, and the registration fee would be Rs 2,060, totaling Rs 9,270.

Which office handles property registrations for G K Nagar?

The Acchirapakkam Sub Registrar Office handles property registrations for G K Nagar, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.