Guideline Value for G.K.R Nagar

G.K.R Nagar guideline value

The current guideline value of G.K.R Nagar is Rs 150 per sq.ft, effective from 1 July 2024. This area is located in Sengadu village under the Sriperumpudur SRO, classified as Residential Class II Type - I.

How the guideline value of G.K.R Nagar has changed

Since the 2012 revision, the guideline value for G.K.R Nagar has seen various changes. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged until the 2023 revision, where it stayed at Rs 150 per sq.ft. The 2017 revision marked a decrease to Rs 100 per sq.ft, followed by a significant increase of 50% to Rs 150 per sq.ft in 2023. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2024, the overall guideline value remained unchanged at Rs 150 per sq.ft. The most recent 2024 revision has not altered the value from the previous year, indicating a stable guideline value for G.K.R Nagar.

Guideline values in Sengadu

In Sengadu, there are 24 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 101 to Rs 500 per sq.ft. The median value is Rs 150 per sq.ft, which is equal to the guideline value of G.K.R Nagar.

• Green Valley: Rs 250 per sq.ft (2024)
• High School Street: Rs 200 per sq.ft (2024)
• Dharani Grand: Rs 500 per sq.ft (2024)
• Cross Street: Rs 150 per sq.ft (2024)
• Colony Cross Street: Rs 101 per sq.ft (2024)
• Cement Salai Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in G.K.R Nagar

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, making the total Rs 13,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers G.K.R Nagar?

The Sub Registrar Office covering G.K.R Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Sengadu. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable stamp duty. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

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

The current guideline value of G.K.R Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained stable at Rs 150 per sq.ft since the 2023 revision. Prior to that, it was Rs 100 per sq.ft in 2017 and Rs 150 per sq.ft in 2012.

What is the land classification for G.K.R Nagar?

G.K.R Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

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

The Sub Registrar Office for G.K.R Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated in G.K.R Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft property at Rs 150 per sq.ft would incur a total duty of Rs 13,500.