Guideline Value for GILL NAGAR EXTENSION 3RD CROSS STREET

Gill Nagar Extension 3rd Cross Street guideline value

The current guideline value of Gill Nagar Extension 3rd 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 is classified as Residential Special Type - II.

How the guideline value of Gill Nagar Extension 3rd Cross Street has changed

In the 2007 revision, the guideline value was Rs 1,800 per sq.ft. This increased significantly to Rs 6,500 per sq.ft in the 2012 revision, marking a rise of 261%. However, from 2012 to 2017, the value decreased to Rs 4,355 per sq.ft, a drop of 33%. The most recent revision in 2024 shows a substantial increase to Rs 7,100 per sq.ft, which is a rise of 63% from the 2017 figure.

The register has no figures for the years 2023, 2003, and 2002 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 294%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, making the guideline value of Gill Nagar Extension 3rd Cross Street above this median.

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

For a 1,000 sq.ft plot at the current rate of Rs 7,100 per sq.ft, the guideline value would be Rs 71,00,000. The stamp duty at 7% would amount to Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, totaling Rs 6,39,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Gill Nagar Extension 3rd Cross Street?

The Gill Nagar Extension 3rd Cross Street falls under the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for further assistance.

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

The guideline value is a critical factor in property transactions in Puliyur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, 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 Gill Nagar Extension 3rd Cross Street?

The current guideline value of Gill Nagar Extension 3rd 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 from Rs 1,800 per sq.ft in 2007 to Rs 7,100 per sq.ft in 2024, representing an overall increase of 294%.

What is the land classification for Gill Nagar Extension 3rd Cross Street?

Gill Nagar Extension 3rd Cross Street is classified as Residential Special Type - II.

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

For a property valued at Rs 71,00,000, the stamp duty would be Rs 4,97,000 and the registration fee would be Rs 1,42,000, totaling Rs 6,39,000.

Which Sub Registrar Office covers this street?

The Kodambakkam Sub Registrar Office covers Gill Nagar Extension 3rd Cross Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.