Guideline Value for G.K.Nagar 3rd Street

G.K.Nagar 3rd Street guideline value

The current guideline value of G.K.Nagar 3rd Street is Rs 1,870 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class I Type - II.

How the guideline value of G.K.Nagar 3rd Street has changed

In the 2017 revision, the guideline value was Rs 1,139 per sq.ft. This increased to Rs 1,700 per sq.ft in the 2023 revision, marking a significant rise of 49% over six years. The most recent 2024 revision set the value at Rs 1,870 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, placing G.K.Nagar 3rd Street's 2024 figure below this median.

• G.K.Nagar 2nd 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 3rd Street

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 18,70,000. The stamp duty at 7% would amount to Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, bringing the total to Rs 1,68,300. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers G.K.Nagar 3rd Street?

The G.K.Nagar 3rd Street is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 plays a crucial role in property transactions in Anakaputhur. It is used to determine the stamp duty and registration fees payable during the sale or purchase of property.

When registering a property, buyers must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the property is valued appropriately for legal and taxation purposes.

Frequently asked questions

What is the current guideline value of G.K.Nagar 3rd Street?

The current guideline value of G.K.Nagar 3rd Street is Rs 1,870 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,139 per sq.ft to Rs 1,870 per sq.ft in 2024, representing a total increase of 64% over seven years.

Where can I find the registration office for G.K.Nagar 3rd Street?

The registration office for G.K.Nagar 3rd Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the stamp duty rate applicable for properties in G.K.Nagar 3rd Street?

The stamp duty for properties in G.K.Nagar 3rd Street is charged at a rate of 7% based on the guideline value or the sale price, whichever is higher.

Are there other streets in Anakaputhur with the same guideline value?

Yes, several other streets in Anakaputhur have the same guideline value of Rs 1,870 per sq.ft as G.K.Nagar 3rd Street, including G.K.Nagar 2nd Street, G.K.Nagar Ist Street, and G.K.Nagar IVth Street.