Guideline Value for GAYATHRI AVENUE/Extension

GAYATHRI AVENUE/Extension guideline value

The current guideline value for GAYATHRI AVENUE/Extension is Rs 330 per sq.ft, effective from 1 July 2024. This property is located in Nanthiambakkam village, under the Thiruvottiyur SRO, and is classified as Residential Special Type - II.

How the guideline value of GAYATHRI AVENUE/Extension has changed

The guideline value for GAYATHRI AVENUE/Extension has seen several revisions over the years. In 2007, the value was Rs 50 per sq.ft, which increased significantly to Rs 300 per sq.ft in 2012. However, it then decreased to Rs 201 per sq.ft in 2017. The value rose again to Rs 300 per sq.ft in 2023 and is now set at Rs 330 per sq.ft from 1 July 2024.

Overall, the guideline value has increased by 560% from Rs 50 per sq.ft in 2007 to Rs 330 per sq.ft in 2024. The changes between the revisions include a 500% rise from 2007 to 2012, a 33% drop from 2012 to 2017, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Nanthiambakkam

In Nanthiambakkam, there are 85 streets under the Thiruvottiyur SRO that have a 2024 guideline value ranging from Rs 275 to Rs 770 per sq.ft. The median value for these streets is Rs 330 per sq.ft, which is equal to the guideline value of GAYATHRI AVENUE/Extension.

• GAYATHIRI AVENUE Annex/Annex Ext/ ALL PHASES: Rs 330 per sq.ft (2024)
• Gayathri Nagar: Rs 330 per sq.ft (2024)
• Gms Nagar: Rs 330 per sq.ft (2024)
• Ganesh Nagar: Rs 330 per sq.ft (2024)
• Golden Nagar: Rs 330 per sq.ft (2024)
• Gowtham Nagar: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in GAYATHRI AVENUE/Extension

For a 1,000 sq.ft plot at the current rate of Rs 330 per sq.ft, the guideline value is Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total to Rs 29,700. 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 GAYATHRI AVENUE/Extension?

The Sub Registrar Office that covers GAYATHRI AVENUE/Extension is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is an important factor during the registration of property transactions in Nanthiambakkam. It is used to calculate the stamp duty and registration fees that are applicable when a property is bought or sold.

When you register a property, the guideline value or the sale price is considered, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of GAYATHRI AVENUE/Extension?

The current guideline value of GAYATHRI AVENUE/Extension is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, increasing from Rs 50 per sq.ft in 2007 to Rs 330 per sq.ft in 2024, marking an overall increase of 560%.

What is the land classification for GAYATHRI AVENUE/Extension?

GAYATHRI AVENUE/Extension is classified as Residential Special Type - II.

Where can I find the Sub Registrar Office for GAYATHRI AVENUE/Extension?

The Sub Registrar Office for GAYATHRI AVENUE/Extension is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the stamp duty calculated for properties in GAYATHRI AVENUE/Extension?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 3,30,000, the stamp duty would be Rs 23,100 at a rate of 7%.