Guideline Value for GNANAMBAL COLONY

Gnanambal Colony guideline value

The current guideline value of Gnanambal Colony is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-B village and falls under the Avadi Sub Registrar Office (SRO). The land classification for this street is Residential Class II Type - III.

How the guideline value of Gnanambal Colony has changed

The guideline value of Gnanambal Colony has seen several revisions over the years. The 2017 revision recorded a guideline value of Rs 469 per sq.ft, which increased to Rs 700 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 770 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that for the years 2002, 2003, 2007, and 2012, the register has no figure for this street.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 1,760 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, which is equal to the current guideline value of Gnanambal Colony.

• Gnanappan Nagar & Streets: Rs 770 per sq.ft (2024)
• Gengureddy Sanjeevi Street: Rs 870 per sq.ft (2024)
• GENGUREDDY KUPPAM to PALAVEDU ROAD: Rs 870 per sq.ft (2024)
• Gengureddy Kuppam Rose Nagar: Rs 990 per sq.ft (2024)
• Gengureddy Kuppam Nethaji Street: Rs 870 per sq.ft (2024)
• Gengureddy Kuppam Main Road: Rs 870 per sq.ft (2024)

Stamp duty and registration fee for property in Gnanambal Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total cost for these fees to Rs 69,300. It is important to 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 further assistance.

Which Sub Registrar Office covers Gnanambal Colony?

The Gnanambal Colony is covered by the Avadi Sub Registrar Office, located at 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 plays a crucial role during the registration of property transactions in Thiruninravur-B. It is used to determine the stamp duty and registration fees applicable to the property being bought or sold.

When you register a property, the guideline value is compared with the sale price, and the higher of the two is considered for calculating the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Gnanambal Colony?

The current guideline value of Gnanambal Colony is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, and now to Rs 770 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

Which Sub Registrar Office covers Gnanambal Colony?

Gnanambal Colony is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What are the stamp duty and registration fees for a property in Gnanambal Colony?

For a property valued at Rs 7,70,000, the stamp duty at 7% would be Rs 53,900 and the registration fee at 2% would be Rs 15,400, totaling Rs 69,300 for these fees.

What is the land classification for Gnanambal Colony?

The land classification for Gnanambal Colony is Residential Class II Type - III, indicating its intended use for residential purposes.