Guideline Value for G.SHANTHI NAGAR

G.Shanthi Nagar guideline value

The current guideline value of G.Shanthi Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This locality is situated in Puliyampakkam village under the Walajabad SRO, classified as Residential Class I Type - II.

How the guideline value of G.Shanthi Nagar has changed

Over the years, the guideline value for G.Shanthi Nagar has seen several revisions. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged in the subsequent 2017 revision. The 2017 revision saw a significant increase to Rs 134 per sq.ft, marking a 49% rise from the previous revision. Following this, the 2023 revision maintained the value at Rs 200 per sq.ft, which also continued into the 2024 revision, showing no change.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 200 per sq.ft, reflecting no net change during this period.

Guideline values in Puliyampakkam

In Puliyampakkam, there are 26 streets under the Walajabad SRO that have a 2024 guideline value ranging from Rs 150 to Rs 550 per sq.ft, with a median value of Rs 250 per sq.ft. G.Shanthi Nagar's guideline value is below this median.

• Gangai Nagar Phase -II: Rs 250 per sq.ft (2024)
• Gangai Nagar Phase -I: Rs 250 per sq.ft (2024)
• Iyyappan Nagar: Rs 300 per sq.ft (2024)
• Kamatchi Amman Nagar: Rs 335 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 300 per sq.ft (2024)
• Azhagu Nachiamman Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in G.Shanthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, resulting in a total of Rs 18,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers G.Shanthi Nagar?

The Sub Registrar Office that covers G.Shanthi Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Puliyampakkam. It serves as a benchmark for determining the minimum price at which a property can be registered. This value is used to calculate stamp duty and registration fees, ensuring that the transaction is legally compliant.

When a buyer or seller engages in a property transaction, the guideline value helps in assessing the fair price for registration purposes. It is important to 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.Shanthi Nagar?

The current guideline value of G.Shanthi Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since 2012, with a notable increase from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023, maintaining that value into 2024.

What are the stamp duty and registration fees for property in G.Shanthi Nagar?

For a 1,000 sq.ft plot at the guideline value of Rs 200 per sq.ft, the total guideline value is Rs 2,00,000. The stamp duty would be Rs 14,000, and the registration fee would be Rs 4,000, totaling Rs 18,000.

Which Sub Registrar Office covers G.Shanthi Nagar?

The Walajabad Sub Registrar Office covers G.Shanthi Nagar, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum price for property registration and is essential for calculating stamp duty and registration fees. It ensures that property transactions are compliant with legal standards.