Guideline Value for G.S.D. Nagar

G.S.D. Nagar guideline value

The current guideline value for G.S.D. Nagar, located in Ammayarkuppam village under the Ramakrishna Rajupettai SRO, is Rs 241 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

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

The guideline value for G.S.D. Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 75 per sq.ft, which increased significantly to Rs 240 per sq.ft in 2012. However, this value decreased to Rs 161 per sq.ft in 2017, marking a reduction of 33%. The value then rose by 50% to Rs 241 per sq.ft in 2023, and it remained unchanged at Rs 241 per sq.ft in the 2024 revision.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 221%.

Guideline values in Ammayarkuppam

Ammayarkuppam has 43 streets under the Ramakrishna Rajupettai SRO, with the 2024 guideline values ranging from Rs 150 to Rs 260 per sq.ft. The median guideline value for these streets is Rs 260 per sq.ft, placing G.S.D. Nagar's 2024 figure below that median.

• Gandhi Salai East Bazzar: Rs 260 per sq.ft (2024)
• Gandhi Salai: Rs 260 per sq.ft (2024)
• Gandapuram Selum ST: Rs 260 per sq.ft (2024)
• Kamarajar Harijana Colony: Rs 150 per sq.ft (2024)
• Kamarajar St: Rs 260 per sq.ft (2024)
• Kamatchiamman Koil st: Rs 260 per sq.ft (2024)

Stamp duty and registration fee for property in G.S.D. Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 241 per sq.ft, the total guideline value would be Rs 2,41,000. The stamp duty at 7% would amount to Rs 16,870, and the registration fee at 2% would be Rs 4,820, resulting in a total of Rs 21,690. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers G.S.D. Nagar is the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in property transactions in Ammayarkuppam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This value is established by the local authorities and reflects the standard rates for different areas.

When selling property, the guideline value serves as a baseline for negotiations and ensures that the transaction is recorded at a fair value. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of G.S.D. Nagar is Rs 241 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 75 per sq.ft in 2007 to Rs 241 per sq.ft in 2024, marking an overall increase of 221% over the years.

What are the stamp duty rates for property in G.S.D. Nagar?

The stamp duty for property in G.S.D. Nagar is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for G.S.D. Nagar located?

The Sub Registrar Office for G.S.D. Nagar is the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone.

How is the guideline value determined?

The guideline value is determined by local authorities and reflects the standard rates for different areas. It is used for calculating stamp duty and registration fees during property transactions.