Guideline Value for G.V.S.V Nagar

G.V.S.V Nagar guideline value

The current guideline value of G.V.S.V Nagar, located in Anakaputhur village under the Pammal SRO, is Rs 1,760 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

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

The guideline value for G.V.S.V Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 1,072 per sq.ft, which increased to Rs 1,600 per sq.ft in 2023. The most recent revision in 2024 has raised it further to Rs 1,760 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no recorded figures for G.V.S.V Nagar in the revisions of 2002, 2003, 2007, and 2012. The substantial increase from Rs 1,072 in 2017 to Rs 1,760 in 2024 reflects significant changes in the guideline value over this period.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that have a guideline value for 2024, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value in this area is Rs 1,980 per sq.ft, placing G.V.S.V Nagar's current value below this median.

• G.V.S.Nagar: Rs 1,760 per sq.ft (2024)
• Guruswamy Nagar Extension: Rs 2,350 per sq.ft (2024)
• Guruswamy Nagar 6th Street: Rs 2,350 per sq.ft (2024)
• Guruswamy Nagar 5th Street: Rs 2,350 per sq.ft (2024)
• Guruswamy Nagar 4th Street: Rs 2,350 per sq.ft (2024)
• Guruswamy Nagar 3rd Street: Rs 2,350 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total to Rs 1,58,400. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

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

The G.V.S.V Nagar area is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Anakaputhur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in setting a baseline for negotiations. Both buyers and sellers need to be aware of this value to ensure that the transaction complies with legal requirements.

Frequently asked questions

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

The current guideline value of G.V.S.V Nagar is Rs 1,760 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,072 per sq.ft in 2017 to Rs 1,760 per sq.ft in 2024, representing a 64% increase over this period.

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

The Pammal Sub Registrar Office covers G.V.S.V Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What are the stamp duty and registration fees for properties in G.V.S.V Nagar?

For a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200 and the registration fee would be Rs 35,200, totaling Rs 1,58,400.

How is the guideline value used in property transactions?

The guideline value is used to establish the minimum registration value for properties, which affects the stamp duty and registration fees payable during a transaction.