Guideline Value for GNANAMBIGAI STREET (WARD -17)

Gnanambigai Street (Ward -17) guideline value

The current guideline value of Gnanambigai Street (Ward -17) is Rs 661 per sq.ft. This street is located in Peramanoor village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Gnanambigai Street (Ward -17) has changed

The guideline value for Gnanambigai Street has undergone several revisions over the years. The earliest registered figure is from 2012, which was Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in 2017, and then an increase to Rs 600 per sq.ft in 2023. Finally, the current revision in 2024 shows an increase to Rs 661 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, there was a significant increase of 49%, while the change from 2012 to 2017 saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peramanoor

In Peramanoor village, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. Gnanambigai Street's 2024 figure of Rs 661 per sq.ft is below this median.

• Gokul Nagar (Kr): Rs 1,100 per sq.ft (2024)
• Ganthi Nagar (Pa): Rs 550 per sq.ft (2024)
• Gopola Krishnan Nagar (Kr): Rs 661 per sq.ft (2024)
• Gopolapuram (Sa): Rs 550 per sq.ft (2024)
• Ganpathypuram (Sa): Rs 990 per sq.ft (2024)
• Gangaiamman Koil Street (Ward -17): Rs 661 per sq.ft (2024)

Stamp duty and registration fee for property in Gnanambigai Street (Ward -17)

For a 1,000 sq.ft plot at the current guideline value of Rs 661 per sq.ft, the total guideline value would be Rs 6,61,000. The stamp duty at 7% would amount to Rs 46,270, and the registration fee at 2% would be Rs 13,220, bringing the total to Rs 59,490. 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 accurate calculations based on your specific property details.

Which Sub Registrar Office covers Gnanambigai Street (Ward -17)?

The Sub Registrar Office that covers Gnanambigai Street (Ward -17) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration process when buying or selling property in Peramanoor. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value helps ensure that the transaction is recorded at a fair value according to government regulations. This value is updated periodically to reflect changes in the real estate market.

Frequently asked questions

What is the current guideline value of Gnanambigai Street (Ward -17)?

The current guideline value of Gnanambigai Street (Ward -17) is Rs 661 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023, and finally to Rs 661 per sq.ft in 2024.

What is the land classification for Gnanambigai Street?

The land classification for Gnanambigai Street (Ward -17) is Residential Class I Type - III.

Where can I find the Sub Registrar Office for Gnanambigai Street?

The Chengleput Joint II Sub Registrar Office, which covers Gnanambigai Street, is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 6,61,000, the total stamp duty and registration fees would be Rs 59,490.