Guideline Value for G.N.T. Road Check Post

G.N.T. Road Check Post guideline value

The current guideline value for G.N.T. Road Check Post in Puzhal village is Rs 3,300 per sq.ft, effective from 1 July 2024. This area falls under the Redhills SRO and is classified as Commercial Class I Type - I.

How the guideline value of G.N.T. Road Check Post has changed

The guideline value for G.N.T. Road Check Post has seen several revisions over the years. In 2007, the value was Rs 800 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, it then decreased to Rs 2,010 per sq.ft in 2017. The value rose again to Rs 3,000 per sq.ft in 2023 and is now set at Rs 3,300 per sq.ft from the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 313%. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Puzhal

In Puzhal, there are 270 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 1,102 per sq.ft. The guideline value for G.N.T. Road Check Post is above this median.

• G.N.T. Road: Rs 3,300 per sq.ft (2024)
• Gayathri Avenue: Rs 1,100 per sq.ft (2024)
• Gangadharan Street: Rs 1,650 per sq.ft (2024)
• Gangadharan 1st Street: Rs 1,650 per sq.ft (2024)
• Gangadaran Street: Rs 1,650 per sq.ft (2024)
• Gurusanthi Nagar: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in G.N.T. Road Check Post

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. Please note that 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.T. Road Check Post?

The G.N.T. Road Check Post is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Puzhal, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value serves as a reference for calculating stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration norms. This value is updated periodically, reflecting changes in the real estate landscape and helping maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value for G.N.T. Road Check Post?

The current guideline value for G.N.T. Road Check Post is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 313% over this period.

What is the registration fee for property in G.N.T. Road Check Post?

The registration fee is calculated at 2% of the guideline value or sale price, whichever is higher. For example, for a property valued at Rs 33,00,000, the registration fee would be Rs 66,000.

Which office handles registrations for G.N.T. Road Check Post?

The Redhills Sub Registrar Office handles registrations for G.N.T. Road Check Post, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the minimum registration value for properties, influencing the stamp duty and registration fees. It ensures transparency and compliance in property transactions.