Guideline Value for GAYATHIRI NAGAR

Gayathiri Nagar guideline value

The current guideline value of Gayathiri Nagar, located in Thiruninravur-A village under the Avadi SRO, is Rs 840 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - II.

How the guideline value of Gayathiri Nagar has changed

In the 2017 revision, the guideline value was set at Rs 737 per sq.ft. This figure increased to Rs 800 per sq.ft in the 2023 revision, marking a change of +9%. The most recent revision in 2024 saw the guideline value rise to Rs 840 per sq.ft, reflecting a +5% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by +14%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft. The median guideline value in this village is Rs 750 per sq.ft, placing Gayathiri Nagar's 2024 figure above that median.

• Gengalamman Koil St: Rs 440 per sq.ft (2024)
• Gengureddy Kuppam 1st Street: Rs 840 per sq.ft (2024)
• Gengureddy Kuppam 2nd Street: Rs 840 per sq.ft (2024)
• Gengureddy Kuppam 3rd Street: Rs 840 per sq.ft (2024)
• Gengureddy Kuppam 4th Street: Rs 840 per sq.ft (2024)
• Gengureddy Kuppam 5th Street: Rs 840 per sq.ft (2024)

Stamp duty and registration fee for property in Gayathiri Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 840 per sq.ft, the total guideline value amounts to Rs 8,40,000. The stamp duty at 7% would be Rs 58,800, and the registration fee at 2% would be Rs 16,800, bringing the total to Rs 75,600. It is important to note that the 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 Gayathiri Nagar?

The Sub Registrar Office that covers Gayathiri Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value is a critical factor in property transactions in Thiruninravur-A. It serves as the basis for calculating stamp duty and registration fees when a property is bought or sold, ensuring that the government receives the appropriate revenue from property transactions.

When registering a property, buyers and sellers must consider the guideline value, as it can impact the overall cost of the transaction. The guideline value is updated periodically, reflecting changes in the local real estate market and property values.

Frequently asked questions

What is the current guideline value of Gayathiri Nagar?

The current guideline value of Gayathiri Nagar is Rs 840 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions: Rs 737 per sq.ft in 2017, Rs 800 per sq.ft in 2023, and it is now Rs 840 per sq.ft in 2024. The overall increase from 2017 to 2024 is +14%.

What is the land classification of Gayathiri Nagar?

Gayathiri Nagar is classified as Residential Class II Type - II. This classification indicates the type of development and usage permitted in the area.

Where is the Sub Registrar Office for Gayathiri Nagar located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Gayathiri Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,40,000, the stamp duty at 7% would be Rs 58,800.