Guideline Value for GAYATHRI NAGAR

Gayathri Nagar guideline value

The current guideline value of Gayathri Nagar, located in Kovilkuppam village under the Manavalanagar SRO, is Rs 350 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - II land classification.

How the guideline value of Gayathri Nagar has changed

The guideline value for Gayathri Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 350 per sq.ft, which was followed by a decrease to Rs 234 per sq.ft in the 2017 revision. However, the 2023 revision brought the value back to Rs 350 per sq.ft, and the current 2024 revision retains this same figure, showing no change from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 50%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 350 per sq.ft.

Guideline values in Kovilkuppam

In Kovilkuppam, there are 68 streets under the Manavalanagar SRO that have a guideline value for 2024, ranging from Rs 300 to Rs 800 per sq.ft, with a median value of Rs 350 per sq.ft. The guideline value of Gayathri Nagar aligns perfectly with this median.

• Gayathri Nagar Anexe: Rs 300 per sq.ft (2024)
• G.Kalan Nagar: Rs 300 per sq.ft (2024)
• Dollar County Phase 3: Rs 300 per sq.ft (2024)
• Dollar County Phase 1: Rs 500 per sq.ft (2024)
• D.N.S.nagar Phaase I: Rs 375 per sq.ft (2024)
• D.N.S.nagar: Rs 301 per sq.ft (2024)

Stamp duty and registration fee for property in Gayathri Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value would be Rs 3,50,000. The stamp duty at 7% would amount to Rs 24,500, while the registration fee at 2% would be Rs 7,000, bringing the total fees to Rs 31,500. Please 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 more information.

Which Sub Registrar Office covers Gayathri Nagar?

The Gayathri Nagar area is covered by the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when buying or selling property in Kovilkuppam, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Gayathri Nagar?

The current guideline value of Gayathri Nagar is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent changes being from Rs 234 per sq.ft in 2017 to Rs 350 per sq.ft in 2023 and 2024, showing a 50% increase from 2017 to 2023.

What are the guideline values of other streets in Kovilkuppam?

Other streets in Kovilkuppam have varying guideline values, with rates ranging from Rs 300 to Rs 500 per sq.ft for 2024. For example, Gayathri Nagar Anexe and G.Kalan Nagar both have a guideline value of Rs 300 per sq.ft.

What fees are associated with purchasing property in Gayathri Nagar?

When purchasing property in Gayathri Nagar, buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 31,500.

Where can I find the Sub Registrar Office for Gayathri Nagar?

The Sub Registrar Office covering Gayathri Nagar is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.