Guideline Value for GANTZ ROAD(A) AMBEDKAR ROAD (B&C MILL TO KARIMEADU)

Gantz Road(A) Ambedkar Road (B&c Mill To Karimeadu) guideline value

The current guideline value for Gantz Road(A) Ambedkar Road (B&c Mill To Karimeadu) is Rs 5,400 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Gantz Road(A) Ambedkar Road (B&c Mill To Karimeadu) has changed

The guideline value for this street has undergone several revisions over the years. Starting from the 2003 revision, the value was Rs 917 per sq.ft. It increased significantly to Rs 2,000 per sq.ft in 2007, followed by a jump to Rs 5,000 per sq.ft in 2012. However, there was a decrease to Rs 3,350 per sq.ft in 2017. The value then rose to Rs 5,000 per sq.ft in 2023, and currently stands at Rs 5,400 per sq.ft as per the 2024 revision. The register has no figure for this street in 2002.

Between the revisions, the changes were notable. From 2003 to 2007, the value increased by 118%. The 2007 to 2012 period saw a decrease of 33%. The value then rose by 49% from 2017 to 2023, and finally, there was an increase of 8% from 2023 to 2024. Overall, the guideline value has increased by 489% from 2003 to 2024.

Guideline values in Perambur

In Perambur village, there are 1114 streets under the Purasaivakkam SRO with a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, indicating that Gantz Road(A) Ambedkar Road (B&c Mill To Karimeadu) is above this median.

• Gengan Street: Rs 1,600 per sq.ft (2024)
• Gangadaran Street: Rs 2,200 per sq.ft (2024)
• Golden Complex (Mkb Nagar): Rs 4,900 per sq.ft (2024)
• Ganesapuram Main Road: Rs 2,200 per sq.ft (2024)
• Ganesapuram 3rd Street: Rs 2,200 per sq.ft (2024)
• Ganesapuram 2nd Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Gantz Road(A) Ambedkar Road (B&c Mill To Karimeadu)

For a 1,000 sq.ft plot at the current guideline value of Rs 5,400 per sq.ft, the total guideline value amounts to Rs 54,00,000. The stamp duty at 7% would be Rs 3,78,000, and the registration fee at 2% would be Rs 1,08,000, making the total charges Rs 4,86,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gantz Road(A) Ambedkar Road (B&c Mill To Karimeadu)?

The Sub Registrar Office that covers Gantz Road(A) Ambedkar Road (B&c Mill To Karimeadu) is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

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

When a property is sold, the guideline value is considered to ensure that the transaction is recorded accurately. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, ensuring that the correct fees are applied during registration.

Frequently asked questions

What is the current guideline value of Gantz Road(A) Ambedkar Road (B&c Mill To Karimeadu)?

The current guideline value of Gantz Road(A) Ambedkar Road (B&c Mill To Karimeadu) is Rs 5,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 917 per sq.ft in 2003 to Rs 5,400 per sq.ft in 2024, reflecting an overall increase of 489% over this period.

What are the stamp duty rates for property transactions in this area?

The stamp duty for property transactions in Gantz Road(A) Ambedkar Road (B&c Mill To Karimeadu) is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for this property?

The Sub Registrar Office for Gantz Road(A) Ambedkar Road (B&c Mill To Karimeadu) is located at Purasaivakkam Sub Registrar Office, 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the purpose of the guideline value in property transactions?

The guideline value is used to assess the stamp duty and registration fees during property transactions. It ensures that the correct fees are applied and the transaction is recorded accurately.