Guideline Value for GAYATHRI NAGAR

Gayathri Nagar guideline value

The current guideline value of Gayathri Nagar, located in Neidavoyal village under the Ponneri SRO, is Rs 100 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Gayathri Nagar has changed

The guideline value for Gayathri Nagar has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 67 per sq.ft. This value increased by 49% to Rs 100 per sq.ft in the 2023 revision, and it remained unchanged in the 2024 revision.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for Gayathri Nagar. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Neidavoyal

In Neidavoyal, there are four streets under the Ponneri SRO that carry a 2024 guideline value of Rs 100 per sq.ft, with the median also being Rs 100 per sq.ft. Gayathri Nagar's 2024 figure aligns with this median.

• Fees Avenue Phase -I: Rs 100 per sq.ft (2024)
• Lakshmi Narayana Nagar: Rs 100 per sq.ft (2024)
• Vasantham Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Gayathri Nagar

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gayathri Nagar?

The Sub Registrar Office that covers Gayathri Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Neidavoyal. It serves as the basis for calculating the stamp duty and registration fees that need to be paid during the transaction process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. It is important to be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Gayathri Nagar?

The current guideline value of Gayathri Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Gayathri Nagar has increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in both the 2023 and 2024 revisions, marking a 49% increase overall.

What is the land classification for Gayathri Nagar?

The land classification for Gayathri Nagar is Residential Class II Type - I.

What are the stamp duty and registration fees in Gayathri Nagar?

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000.

Where is the Sub Registrar Office for Gayathri Nagar located?

The Sub Registrar Office for Gayathri Nagar is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.