Guideline Value

Corporate

Guideline Value for G.L.S. NAGAR

₹300/sq.ft.

The guideline value for G.l.s. Nagar in Chinnakavanam village (Ponneri SRO, Chennai zone) is Rs 300 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Chinnakavanam

Village

Ponneri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹300 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

9/5,taluk Office Road, Ponneri, Chennai-601204
044-27974517
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on G.l.s. Nagar

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

G.L.S. Nagar guideline value

The current guideline value of G.L.S. Nagar, located in Chinnakavanam village under the Ponneri SRO, is Rs 300 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of G.L.S. Nagar has changed

The guideline value for G.L.S. Nagar has undergone several revisions over the years. In the 2017 revision, the value was set at Rs 201 per sq.ft. This value remained unchanged until the 2023 revision, where it was again recorded at Rs 300 per sq.ft. The 2024 revision also maintains the guideline value at Rs 300 per sq.ft, indicating no change from the previous year. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Overall, from the 2017 revision to the 2024 revision, there has been a significant increase of 49%. The transition from the 2017 figure of Rs 201 per sq.ft to the 2023 and 2024 figures of Rs 300 per sq.ft reflects this change, with a 49% increase noted between 2017 and 2023 as well.

Guideline values in Chinnakavanam

In Chinnakavanam village, there are 28 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 400 per sq.ft, with the median being Rs 300 per sq.ft. G.L.S. Nagar's 2024 guideline value aligns with this median.

Stamp duty and registration fee for property in G.L.S. 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, leading to a total cost of Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers G.L.S. Nagar?

The Sub Registrar Office that covers G.L.S. Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204, in the Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Chinnakavanam. It serves as a benchmark for calculating the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of G.L.S. Nagar?

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

How much has the guideline value changed over the years?

The guideline value has changed from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in both 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

What is the land classification for G.L.S. Nagar?

The land classification for G.L.S. Nagar is Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles the registration of properties in G.L.S. Nagar.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 3,00,000 would incur a stamp duty of Rs 21,000 at 7% and a registration fee of Rs 6,000 at 2%.