Guideline Value for G.D. Naidu 1st cross Street

G.D. Naidu 1st cross Street guideline value

The current guideline value of G.D. Naidu 1st cross Street is Rs 2,750 per sq.ft. This street is located in Chitlapakkam village under the Tambaram Joint 1 SRO, classified as Residential Class I Type - II.

How the guideline value of G.D. Naidu 1st cross Street has changed

The guideline value for G.D. Naidu 1st cross Street has seen several revisions over the years. The earliest recorded revision is from 2017, where the guideline value was Rs 1,675 per sq.ft. This figure increased to Rs 2,500 per sq.ft in 2023, reflecting a significant rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 2,750 per sq.ft, marking a 10% increase from the previous year.

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

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO that have a guideline value for 2024, ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value in the village is Rs 1,650 per sq.ft, placing G.D. Naidu 1st cross Street above this median.

• G.D. Naidu Street: Rs 2,750 per sq.ft (2024)
• Gangusamy Street: Rs 1,650 per sq.ft (2024)
• Ganga Narayanan St: Rs 1,650 per sq.ft (2024)
• Godhavari Street: Rs 2,750 per sq.ft (2024)
• Gomathi Nagar: Rs 2,750 per sq.ft (2024)
• Gomathi Nagar Yamuna Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in G.D. Naidu 1st cross Street

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's 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.D. Naidu 1st cross Street?

The G.D. Naidu 1st cross Street falls under the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Chitlapakkam

The guideline value plays a crucial role during the registration of property transactions in Chitlapakkam. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value assists in establishing a baseline for the transaction, ensuring that the appropriate fees are calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of G.D. Naidu 1st cross Street?

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

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,675 per sq.ft to Rs 2,750 per sq.ft in 2024, representing an overall increase of 64%.

What is the median guideline value in Chitlapakkam?

The median guideline value in Chitlapakkam is Rs 1,650 per sq.ft, which is lower than the current value of G.D. Naidu 1st cross Street.

What are the stamp duty and registration fees for properties in G.D. Naidu 1st cross Street?

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.

Which office handles property registrations for G.D. Naidu 1st cross Street?

The Tambaram Joint 1 Sub Registrar Office handles property registrations for G.D. Naidu 1st cross Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.