Guideline Value for GILL NAGAR EXTENSION 2ND CROSS STREET

Gill Nagar Extension 2nd Cross Street guideline value

The current guideline value of Gill Nagar Extension 2nd Cross Street is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO, and the land classification is Residential Special Type - II.

How the guideline value of Gill Nagar Extension 2nd Cross Street has changed

Over the years, the guideline value of Gill Nagar Extension 2nd Cross Street has seen significant changes. The 2007 revision set the value at Rs 1,800 per sq.ft, which increased to Rs 6,500 per sq.ft in 2012. However, there was a decrease to Rs 4,355 per sq.ft in 2017. The next revision in 2023 raised the value to Rs 6,500 per sq.ft, and the most recent revision in 2024 has set it at Rs 7,100 per sq.ft. The register has no figure for this street in 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. There was a notable decline of 33% from 2012 to 2017. The value surged significantly by 261% from 2007 to 2012. Overall, from 2007 to 2024, the guideline value has increased by 294%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO, with 2024 guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value is Rs 5,800 per sq.ft, placing Gill Nagar Extension 2nd Cross Street above this median.

• Gill Nagar Extension 1st Cross Street: Rs 7,100 per sq.ft (2024)
• Gill Nagar Extension 3rd Cross Street: Rs 7,100 per sq.ft (2024)
• Gill Nagar Extension: Rs 7,100 per sq.ft (2024)
• Gill Nagar 3rd Street: Rs 7,100 per sq.ft (2024)
• Gill Nagar 2nd Street: Rs 7,100 per sq.ft (2024)
• Gill Nagar 1st Street Extension: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Gill Nagar Extension 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value amounts to Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total fees to Rs 6,39,000. Please note that duty is charged on the higher of the guideline value or the sale price. You can calculate your fees using our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gill Nagar Extension 2nd Cross Street?

The Gill Nagar Extension 2nd Cross Street falls under the jurisdiction of the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is crucial during the registration of property transactions in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid at the time of property registration.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government. It is important for buyers and sellers to be aware of the current guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Gill Nagar Extension 2nd Cross Street?

The current guideline value of Gill Nagar Extension 2nd Cross Street is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 1,800 per sq.ft in 2007 to Rs 7,100 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for Gill Nagar Extension 2nd Cross Street?

The land classification for Gill Nagar Extension 2nd Cross Street is Residential Special Type - II.

Where can I find the registration office for Gill Nagar Extension 2nd Cross Street?

The registration office for Gill Nagar Extension 2nd Cross Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for properties in Gill Nagar Extension 2nd Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would amount to Rs 4,97,000.