Guideline Value for G.K.Nagar 2nd Street

G.K.Nagar 2nd Street guideline value

The current guideline value of G.K.Nagar 2nd Street is Rs 1,870 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO, classified as Residential Class I Type - II.

How the guideline value of G.K.Nagar 2nd Street has changed

The guideline value for G.K.Nagar 2nd Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,139 per sq.ft, which increased to Rs 1,700 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the guideline value to Rs 1,870 per sq.ft, marking a 10% increase from the previous year.

Between the 2017 and 2023 revisions, the guideline value rose by 49%. Overall, from 2017 to 2024, the increase is 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Anakaputhur

Anakaputhur village has a total of 501 streets under the Pammal SRO, with guideline values ranging from Rs 1,320 to Rs 4,640 per sq.ft as of 2024. The median value for these streets is Rs 1,980 per sq.ft, making the 2024 figure for G.K.Nagar 2nd Street below that median.

• G.K.Nagar 3rd Street: Rs 1,870 per sq.ft (2024)
• G.K.Nagar Ist Street: Rs 1,870 per sq.ft (2024)
• G.K.Nagar IVth Street: Rs 1,870 per sq.ft (2024)
• Gopal Chetty Street: Rs 1,760 per sq.ft (2024)
• GowriAvenue: Rs 1,760 per sq.ft (2024)
• Gowri Avenue IIIrd Cross Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in G.K.Nagar 2nd Street

For a 1,000 sq.ft plot at the current rate of Rs 1,870 per sq.ft, the guideline value amounts to Rs 18,70,000. The stamp duty at 7% would be Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, totaling Rs 1,68,300. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers G.K.Nagar 2nd Street?

The G.K.Nagar 2nd Street falls under 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 Anakaputhur

The guideline value is a critical factor in the registration process when buying or selling property in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer and seller must consider the guideline value to ensure that the registration fees are calculated correctly. This ensures compliance with local regulations and avoids potential legal issues during the transaction.

Frequently asked questions

What is the current guideline value of G.K.Nagar 2nd Street?

The current guideline value of G.K.Nagar 2nd Street is Rs 1,870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,139 per sq.ft in 2017 to Rs 1,870 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What is the stamp duty for property in G.K.Nagar 2nd Street?

The stamp duty for property in G.K.Nagar 2nd Street is calculated at 7% of the guideline value, which amounts to Rs 1,30,900 for a 1,000 sq.ft plot at the current rate.

Which office handles registrations for G.K.Nagar 2nd Street?

The Pammal Sub Registrar Office handles registrations for G.K.Nagar 2nd Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the range of guideline values for streets in Anakaputhur?

The guideline values for streets in Anakaputhur range from Rs 1,320 to Rs 4,640 per sq.ft as of 2024, with a median value of Rs 1,980 per sq.ft.