Guideline Value for G.P.R.Nagar

G.P.R.Nagar guideline value

The current guideline value of G.P.R.Nagar, located in Kannampalayam village under the Kunrathur SRO, is Rs 765 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area is classified as Residential Class I Type - III.

How the guideline value of G.P.R.Nagar has changed

Over the years, the guideline value of G.P.R.Nagar has seen several revisions. The 2007 revision set the value at Rs 250 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2012, marking a rise of 180%. However, in the 2017 revision, the value dropped to Rs 469 per sq.ft, a decrease of 33%. The value then rose again to Rs 700 per sq.ft in 2023, and most recently to Rs 765 per sq.ft in 2024, reflecting a 9% increase.

In summary, from the 2007 revision to the 2024 revision, the overall increase in guideline value is 206%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kannampalayam

In Kannampalayam village, there are 75 streets under the Kunrathur SRO that carry a guideline value for 2024, ranging from Rs 765 to Rs 4,000 per sq.ft, with a median value of Rs 1,375 per sq.ft. The guideline value of G.P.R.Nagar is below this median.

• Hanu Garden: Rs 2,460 per sq.ft (2024)
• Ganathiya Villa Sri Ambal Vijayalakshmi Nagar: Rs 2,460 per sq.ft (2024)
• Jothi Nagar: Rs 1,540 per sq.ft (2024)
• Emarald Park: Rs 765 per sq.ft (2024)
• Karpaga Vinayagar Nagar: Rs 990 per sq.ft (2024)
• Chendur Garden: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in G.P.R.Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 765 per sq.ft, the total guideline value would be Rs 7,65,000. The stamp duty at 7% would amount to Rs 53,550, and the registration fee at 2% would be Rs 15,300, bringing the total fees to Rs 68,850. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers G.P.R.Nagar?

The Sub Registrar Office that covers G.P.R.Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Kannampalayam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of G.P.R.Nagar?

The current guideline value of G.P.R.Nagar is Rs 765 per sq.ft as per the 2024 revision, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 765 per sq.ft in 2024, which is an overall increase of 206% over the years.

What is the land classification of G.P.R.Nagar?

G.P.R.Nagar is classified as Residential Class I Type - III, indicating its suitability for residential development.

What are the stamp duty and registration fees for a property in G.P.R.Nagar?

For a property valued at Rs 7,65,000, the stamp duty would be Rs 53,550 and the registration fee would be Rs 15,300, totaling Rs 68,850.

Where is the Sub Registrar Office for G.P.R.Nagar located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069, and it covers G.P.R.Nagar.