Guideline Value for G.N.CHETTY ROAD (PART III KANNADASAN STATUE TO PANAGAL PARK)

G.N.Chetty Road (Part III Kannadasan Statue To Panagal Park) guideline value

The current guideline value for G.N.Chetty Road (Part III Kannadasan Statue To Panagal Park) is Rs 27,500 per sq.ft. This street is located in Tnagar village, under the Thiyagaraya nagar SRO, and is classified as Commercial Special Type - I.

How the guideline value of G.N.Chetty Road (Part III Kannadasan Statue To Panagal Park) has changed

The guideline value for G.N.Chetty Road has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 4,263 per sq.ft. This figure increased to Rs 4,750 per sq.ft in 2003, marking an 11% rise. The value saw a significant jump to Rs 7,632 per sq.ft in 2007, which was a 61% increase. The 2012 revision saw the guideline value at Rs 25,000 per sq.ft, reflecting a substantial 228% increase from the previous revision. However, in 2017, the value dropped to Rs 16,750 per sq.ft, a decrease of 33% from 2012. The 2023 revision brought the value back up to Rs 25,000 per sq.ft, and the most recent revision in 2024 has set the guideline value at Rs 27,500 per sq.ft, showing a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 545%. There are no figures available for any other years for this street.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO that carry a 2024 guideline value, ranging from Rs 4,400 to Rs 27,500 per sq.ft, with a median value of Rs 11,000 per sq.ft. G.N.Chetty Road (Part III Kannadasan Statue To Panagal Park) is above this median value.

• G.N.Chetty Road (Part II Dr. Nair Road Junction To Srinivasan Road): Rs 27,500 per sq.ft (2024)
• G.N.Chetty Road(Part 1 Anna Fly Over To Dr. Nair Road): Rs 27,500 per sq.ft (2024)
• Gokulam Colony: Rs 6,600 per sq.ft (2024)
• Giri Road: Rs 17,600 per sq.ft (2024)
• Girifith Road/Maharajapuram Santhanam Salai: Rs 9,900 per sq.ft (2024)
• Giriappa Road: Rs 8,800 per sq.ft (2024)

Stamp duty and registration fee for property in G.N.Chetty Road (Part III Kannadasan Statue To Panagal Park)

For a 1,000 sq.ft plot at the current rate of Rs 27,500 per sq.ft, the guideline value would be Rs 2,75,00,000. The stamp duty at 7% would amount to Rs 19,25,000, and the registration fee at 2% would be Rs 5,50,000, totaling Rs 24,75,000. The duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers G.N.Chetty Road (Part III Kannadasan Statue To Panagal Park)?

The Sub Registrar Office that covers G.N.Chetty Road (Part III Kannadasan Statue To Panagal Park) is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value is an important factor during the registration of property transactions in Tnagar. It serves as a reference point for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of G.N.Chetty Road (Part III Kannadasan Statue To Panagal Park)?

The current guideline value of G.N.Chetty Road (Part III Kannadasan Statue To Panagal Park) is Rs 27,500 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has experienced several changes, increasing from Rs 4,263 per sq.ft in 2002 to Rs 27,500 per sq.ft in 2024, representing an overall increase of 545%.

What is the land classification for G.N.Chetty Road (Part III Kannadasan Statue To Panagal Park)?

The land classification for G.N.Chetty Road (Part III Kannadasan Statue To Panagal Park) is Commercial Special Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering G.N.Chetty Road (Part III Kannadasan Statue To Panagal Park) is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35.

How is stamp duty calculated for properties on G.N.Chetty Road?

Stamp duty for properties on G.N.Chetty Road is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total of Rs 24,75,000 in stamp duty and registration fees.