Guideline Value for G.K.Nagar IVth Street

G.K.Nagar IVth Street guideline value

The current guideline value of G.K.Nagar IVth Street is Rs 1,870 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village, under the Pammal SRO. The land classification for this area is Residential Class I Type - II.

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

The guideline value for G.K.Nagar IVth Street has seen several revisions over the years. The oldest recorded figure is from 2017, which was Rs 1,139 per sq.ft. This increased to Rs 1,700 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the value at Rs 1,870 per sq.ft, reflecting a 10% increase from the previous year.

Notably, there are no recorded guideline values for G.K.Nagar IVth Street for the years 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 64%.

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 value for these streets is Rs 1,980 per sq.ft, indicating that G.K.Nagar IVth Street's 2024 figure is below this median.

• G.K.Nagar Ist Street: Rs 1,870 per sq.ft (2024)
• G.K.Nagar 3rd Street: Rs 1,870 per sq.ft (2024)
• G.K.Nagar 2nd 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 IVth Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value would be Rs 18,70,000. The stamp duty at 7% would amount to Rs 1,30,900, while the registration fee at 2% would be Rs 37,400. Together, the total cost for stamp duty and registration would be Rs 1,68,300. 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers G.K.Nagar IVth Street?

The Sub Registrar Office that covers G.K.Nagar IVth Street is 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 crucial factor in the property registration process in Anakaputhur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling a property, the guideline value helps in assessing the transaction's legitimacy and compliance with local regulations. Buyers and sellers must be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of G.K.Nagar IVth Street is Rs 1,870 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 1,139 per sq.ft to Rs 1,870 per sq.ft in 2024, marking an overall increase of 64%.

What are the other streets with the same guideline value in Anakaputhur?

Other streets in Anakaputhur with the same guideline value of Rs 1,870 per sq.ft in 2024 include G.K.Nagar Ist Street, G.K.Nagar 3rd Street, and G.K.Nagar 2nd Street.

What is the registration fee for property in G.K.Nagar IVth Street?

The registration fee for property in G.K.Nagar IVth Street is calculated at 2% of the guideline value. For a plot valued at Rs 18,70,000, the registration fee would be Rs 37,400.

Where can I find the Sub Registrar Office for G.K.Nagar IVth Street?

The Sub Registrar Office for G.K.Nagar IVth Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can also find more information by visiting the official site.