Guideline Value for G.S.T.ROAD 9 PART

G.S.T.Road 9 Part guideline value

The current guideline value of G.S.T.Road 9 Part is Rs 11,000 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Commercial Class I Type - I.

How the guideline value of G.S.T.Road 9 Part has changed

The guideline value for G.S.T.Road 9 Part has undergone several revisions over the years. In the 2012 revision, the guideline value was Rs 10,000 per sq.ft. The most recent revision in 2024 has increased this value to Rs 11,000 per sq.ft, marking a change of +10% from the 2012 figure. There are no figures available for the revisions in 2023, 2017, 2007, 2003, and 2002 for this street.

To summarize the changes: the value increased from Rs 10,000 per sq.ft in 2012 to Rs 11,000 per sq.ft in 2024. This reflects the only available data for this street, as prior revisions do not have recorded figures.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that have a guideline value for 2024, ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value across these streets is Rs 3,300 per sq.ft, positioning G.S.T.Road 9 Part above this median.

• G.S.T. Road: Rs 11,000 per sq.ft (2024)
• G.S.T. Road Section (Thiruneermalai inner part): Rs 11,000 per sq.ft (2024)
• G.S.T. Road West Side Road: Rs 11,000 per sq.ft (2024)
• Hanumar Koil Street: Rs 3,850 per sq.ft (2024)
• Harbar Kuvari Street: Rs 2,100 per sq.ft (2024)
• Harijan Colony: Rs 2,160 per sq.ft (2024)

Stamp duty and registration fee for property in G.S.T.Road 9 Part

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value amounts to Rs 1,10,00,000. The stamp duty at 7% would be Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, totaling Rs 9,90,000. 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.T.Road 9 Part?

The Sub Registrar Office that covers G.S.T.Road 9 Part is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Zaminpallavaram. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a value that reflects the current market conditions.

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 government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of G.S.T.Road 9 Part?

The current guideline value of G.S.T.Road 9 Part is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 10,000 per sq.ft in the 2012 revision to Rs 11,000 per sq.ft in the 2024 revision, representing a +10% increase.

Are there any revisions without figures for G.S.T.Road 9 Part?

Yes, the revisions for the years 2023, 2017, 2007, 2003, and 2002 do not have recorded figures for G.S.T.Road 9 Part.

What is the median guideline value for streets in Zaminpallavaram?

The median guideline value for streets in Zaminpallavaram is Rs 3,300 per sq.ft, with G.S.T.Road 9 Part's value being above this median.

Where can I find the Sub Registrar Office for G.S.T.Road 9 Part?

The Sub Registrar Office for G.S.T.Road 9 Part is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.