Guideline Value for GENGUREDDY KUPPAM NETHAJI STREET

Gengureddy Kuppam Nethaji Street guideline value

The current guideline value of Gengureddy Kuppam Nethaji Street is Rs 870 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-B village, under the Avadi SRO, and falls under the Residential Class II Type - II land classification.

How the guideline value of Gengureddy Kuppam Nethaji Street has changed

Over the years, the guideline value of Gengureddy Kuppam Nethaji Street has seen several revisions. The 2017 revision set the value at Rs 737 per sq.ft. This was followed by an increase to Rs 800 per sq.ft in the 2023 revision, marking a 9% rise. The latest revision in 2024 further increased the value to Rs 870 per sq.ft, which is another 9% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 18%.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for Gengureddy Kuppam Nethaji Street. The guideline value has been consistently updated in the years where figures are available, reflecting changes in the real estate landscape.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that have a 2024 guideline value ranging from Rs 330 to Rs 1,760 per sq.ft. The median value for these streets is Rs 770 per sq.ft, placing Gengureddy Kuppam Nethaji Street above this median at Rs 870 per sq.ft.

• Gengureddy Kuppam Main Road: Rs 870 per sq.ft (2024)
• Gengureddy Kuppam Rose Nagar: Rs 990 per sq.ft (2024)
• Gengureddy Kuppam Colony: Rs 870 per sq.ft (2024)
• GENGUREDDY KUPPAM to PALAVEDU ROAD: Rs 870 per sq.ft (2024)
• Gengureddy Kuppam Anna Street: Rs 870 per sq.ft (2024)
• Gengureddy Kuppam Ambedkar Street: Rs 870 per sq.ft (2024)

Stamp duty and registration fee for property in Gengureddy Kuppam Nethaji Street

For a 1,000 sq.ft plot at the current guideline value of Rs 870 per sq.ft, the total guideline value amounts to Rs 8,70,000. The stamp duty at 7% would be Rs 60,900, and the registration fee at 2% would be Rs 17,400. Therefore, the total cost for stamp duty and registration fee combined would be Rs 78,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gengureddy Kuppam Nethaji Street?

The Gengureddy Kuppam Nethaji Street falls under the jurisdiction of the Avadi Sub Registrar Office. The address is 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-B

The guideline value is a crucial factor during the registration process when buying or selling property in Thiruninravur-B. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a buyer or seller approaches the registration office, the guideline value helps determine the official value of the property, which is essential for legal documentation and taxation purposes. It is important for both parties to be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Gengureddy Kuppam Nethaji Street?

The current guideline value of Gengureddy Kuppam Nethaji Street is Rs 870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed in recent years?

The guideline value has increased from Rs 737 per sq.ft in 2017 to Rs 800 per sq.ft in 2023, and then to Rs 870 per sq.ft in 2024. This reflects an overall increase of 18% from 2017 to 2024.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 8,70,000, the total stamp duty and registration fee would be Rs 78,300.

Where is the Avadi Sub Registrar Office 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.

What is the land classification for Gengureddy Kuppam Nethaji Street?

Gengureddy Kuppam Nethaji Street is classified under Residential Class II Type - II. This classification is important for determining the guideline value and other regulatory aspects.