Guideline Value for G.N. NAGAR

G.N. Nagar guideline value

The current guideline value of G.N. Nagar in Podaturpet village is Rs 300 per sq.ft, effective from 1 July 2024. This area falls under the Pallipattu SRO and is classified as Residential Special Type - III.

How the guideline value of G.N. Nagar has changed

In the 2017 revision, the guideline value for G.N. Nagar was Rs 201 per sq.ft. This figure remained unchanged in the 2023 revision, where it was also Rs 300 per sq.ft. The current 2024 revision has maintained the guideline value at Rs 300 per sq.ft, resulting in a 49% increase from the 2017 value to the 2024 value.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only revisions available are from 2017, 2023, and 2024, showing a consistent guideline value of Rs 300 per sq.ft from 2023 to 2024, with a significant increase of 49% from 2017 to 2023.

Guideline values in Podaturpet

In Podaturpet, there are 47 streets under the Pallipattu SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 300 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, placing G.N. Nagar's 2024 figure above this median.

• Gangai Yamman Koil Street: Rs 250 per sq.ft (2024)
• Harisana Colony First Street: Rs 202 per sq.ft (2024)
• Harisanacolonysecond Street: Rs 202 per sq.ft (2024)
• E.S.T. Nagar 3 Rd Street: Rs 300 per sq.ft (2024)
• E.S.T. Nagar 2 Nd Street: Rs 300 per sq.ft (2024)
• E.S.T. Nagar 1 St Street: Rs 300 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value is Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. 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 the stamp duty and registration fee calculator.

Which Sub Registrar Office covers G.N. Nagar?

The G.N. Nagar area is covered by the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Podaturpet. It helps determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to assess the official value of the property, ensuring that the appropriate taxes are collected based on this valuation. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of G.N. 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 seen a 49% increase from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2024, with no changes recorded in 2023.

Which Sub Registrar Office covers G.N. Nagar?

The Pallipattu Sub Registrar Office covers G.N. Nagar, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207.

What are the stamp duty and registration fees for property in G.N. Nagar?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000.

What is the land classification for G.N. Nagar?

G.N. Nagar is classified as Residential Special Type - III under the guideline value register.