Guideline Value for G.D NAGAR

G.D Nagar guideline value

The current guideline value of G.D Nagar, located in Vengaivasal village under the Selaiyur SRO, is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is classified as Mixed Special Type - II.

How the guideline value of G.D Nagar has changed

The guideline value for G.D Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,750 per sq.ft, an increase from the 2023 revision, which was Rs 2,512 per sq.ft. Notably, there was no change between the 2017 and 2023 revisions, as both were recorded at Rs 2,512 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from 2017 to 2024, the guideline value has increased by 9%. The change from 2023 to 2024 reflects a 9% increase, indicating a notable adjustment in the guideline value for G.D Nagar.

Guideline values in Vengaivasal

In Vengaivasal, there are 117 streets under the Selaiyur SRO that have a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, placing G.D Nagar's 2024 figure above this median.

• Gayathri Nagar: Rs 3,300 per sq.ft (2024)
• Garden Homes: Rs 2,700 per sq.ft (2024)
• Glory Nagar: Rs 2,400 per sq.ft (2024)
• Gangai Amman Koil Street: Rs 2,700 per sq.ft (2024)
• Gandhi Street: Rs 3,300 per sq.ft (2024)
• Gopalapuram: Rs 3,350 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total cost for these fees to Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers G.D Nagar?

The Sub Registrar Office covering G.D Nagar is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, under the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vengaivasal. It serves as the baseline for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in a property transaction, understanding the guideline value helps buyers and sellers estimate the costs involved in the registration process. This ensures that all parties are aware of the financial obligations associated with the transfer of property ownership.

Frequently asked questions

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

The current guideline value of G.D Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,512 per sq.ft in 2023 to Rs 2,750 per sq.ft in 2024, marking a 9% increase. There was no change between the 2017 and 2023 revisions, as both were recorded at Rs 2,512 per sq.ft.

What is the land classification of G.D Nagar?

G.D Nagar is classified as Mixed Special Type - II, indicating its diverse usage potential within the area.

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

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500, and the registration fee would be Rs 55,000, totaling Rs 2,47,500. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registration for G.D Nagar?

The Selaiyur Sub Registrar Office handles property registration for G.D Nagar. It is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.