Guideline Value for GANGAI NAGAR EXTENSION I

Gangai Nagar Extension I guideline value

The current guideline value for Gangai Nagar Extension I is Rs 1,500 per sq.ft, as per the 2023 revision. This area is located in Ayyencheri village and falls under the Gooduvancheri SRO. The land classification for this street is Residential Special Type - II.

How the guideline value of Gangai Nagar Extension I has changed

In the 2017 revision, the guideline value was Rs 1,005 per sq.ft. This figure increased to Rs 1,500 per sq.ft in the 2023 revision, marking a change of +49%. There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street.

Thus, the only available revisions for Gangai Nagar Extension I are from 2017 and 2023. The significant increase from the 2017 revision to the 2023 revision reflects the current guideline value set by the Registration Department.

Guideline values in Ayyencheri

Currently, there are no specific village figures provided for Ayyencheri. Gangai Nagar Extension I is the only street mentioned under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Gangai Nagar Extension I

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, totaling Rs 1,35,000. It is important to note that the 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 further calculations.

Which Sub Registrar Office covers Gangai Nagar Extension I?

The Sub Registrar Office that covers Gangai Nagar Extension I is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Ayyencheri. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the correct amount based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value for Gangai Nagar Extension I?

The current guideline value for Gangai Nagar Extension I is Rs 1,500 per sq.ft, as per the 2023 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,005 per sq.ft to Rs 1,500 per sq.ft, which is a change of +49%.

Are there any guideline value figures for the years 2002 to 2012?

No, the register does not have any figures for Gangai Nagar Extension I for the years 2002, 2003, 2007, 2012, and 2024.

What is the stamp duty rate applicable in Gangai Nagar Extension I?

The stamp duty rate applicable in Gangai Nagar Extension I is 7% of the guideline value or the sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.