Guideline Value for G.KALAN NAGAR

G.Kalan Nagar guideline value

The current guideline value of G.Kalan Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Kovilkuppam village and falls under the jurisdiction of the Manavalanagar SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of G.Kalan Nagar has changed

In the 2012 revision, the guideline value was Rs 300 per sq.ft. This figure remained unchanged in the 2017 revision, where it dropped to Rs 201 per sq.ft, marking a decrease of 33%. The value then increased significantly by 49% to Rs 300 per sq.ft in the 2023 revision. The current 2024 revision maintains this value at Rs 300 per sq.ft, reflecting no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for G.Kalan Nagar. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 300 per sq.ft.

Guideline values in Kovilkuppam

Kovilkuppam village has a total of 68 streets under the Manavalanagar SRO with a 2024 guideline value ranging from Rs 300 to Rs 800 per sq.ft. The median guideline value for these streets is Rs 350 per sq.ft, placing G.Kalan Nagar's 2024 figure below that median.

• Gayathri Nagar Anexe: Rs 300 per sq.ft (2024)
• Gayathri Nagar: Rs 350 per sq.ft (2024)
• Dollar County Phase 3: Rs 300 per sq.ft (2024)
• Dollar County Phase 1: Rs 500 per sq.ft (2024)
• D.N.S.nagar Phaase I: Rs 375 per sq.ft (2024)
• D.N.S.nagar: Rs 301 per sq.ft (2024)

Stamp duty and registration fee for property in G.Kalan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers G.Kalan Nagar?

The G.Kalan Nagar area is covered by the Manavalanagar Sub Registrar Office. The address is Sub Registrar Office, Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Kovilkuppam. 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 buying or selling property, the guideline value serves as a benchmark for assessing the value of the property. Buyers and sellers should be aware of the guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of G.Kalan Nagar?

The current guideline value of G.Kalan Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with a decrease to Rs 201 per sq.ft in 2017 and an increase back to Rs 300 per sq.ft in 2023.

What is the land classification for G.Kalan Nagar?

The land classification for G.Kalan Nagar is Residential Class III Type - I.

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

The Sub Registrar Office for G.Kalan Nagar is located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.

How is the stamp duty calculated for properties in G.Kalan Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 3,00,000, the stamp duty at 7% would be Rs 21,000.