Guideline Value for GAIN NAGAR

Gain Nagar guideline value

The current guideline value of Gain Nagar in Nayakkankuppam village is Rs 150 per sq.ft, effective from 1 July 2024. This area falls under the Walajabad SRO and is classified as Residential Class I Type - III.

How the guideline value of Gain Nagar has changed

Over the years, the guideline value for Gain Nagar has seen several revisions. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged until the 2017 revision when it decreased to Rs 100 per sq.ft. Following this, the 2023 revision brought the value back up to Rs 150 per sq.ft, maintaining that figure through to the 2024 revision. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%, while from 2017 to 2023, it increased by 50%. Overall, from 2012 to 2024, the guideline value has remained the same at Rs 150 per sq.ft.

Guideline values in Nayakkankuppam

Nayakkankuppam village has a total of 23 streets under the Walajabad SRO that carry a guideline value for 2024, ranging from Rs 150 to Rs 403 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, positioning Gain Nagar below this median.

• Ezhilarasi Nagar Phase-III: Rs 250 per sq.ft (2024)
• Ezhilarasi Nagar Phase-II: Rs 250 per sq.ft (2024)
• Ezhil Arasi Nagar: Rs 200 per sq.ft (2024)
• Emerald Avenue Extension: Rs 250 per sq.ft (2024)
• Eden Garden: Rs 250 per sq.ft (2024)
• Golden City: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Gain Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, making the total cost for these fees Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Gain Nagar?

The Sub Registrar Office that covers Gain 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 Nayakkankuppam

The guideline value is a crucial factor when registering property in Nayakkankuppam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When buyers and sellers agree on a sale price, the registration office will assess the guideline value to calculate applicable fees. If the sale price is lower than the guideline value, the higher amount is used to determine the stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Gain Nagar?

The current guideline value of Gain Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft since 2023, after decreasing to Rs 100 per sq.ft in 2017. The value was Rs 150 per sq.ft in 2012, showing no overall change from 2012 to 2024.

What are the guideline values of other streets in Nayakkankuppam?

In Nayakkankuppam, other streets have guideline values ranging from Rs 150 to Rs 403 per sq.ft. Notably, Gain Nagar's value is below the median of Rs 200 per sq.ft for the area.

How are stamp duties calculated in Gain Nagar?

Stamp duties in Gain Nagar are calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 1,50,000 would incur a stamp duty of Rs 10,500 at 7%.

Which office handles registrations for Gain Nagar?

The Walajabad Sub Registrar Office handles registrations for Gain Nagar, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.