Guideline Value

Corporate

Guideline Value for GNANANTHA NAGAR

₹2750/sq.ft.

The guideline value for Gnanantha Nagar in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Madambakkam

Village

Selaiyur

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Gnanantha Nagar

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Gnanantha Nagar guideline value

The current guideline value of Gnanantha Nagar, located in Madambakkam village under the Selaiyur SRO, is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is classified as Commercial Class I Type - I.

How the guideline value of Gnanantha Nagar has changed

Over the years, the guideline value for Gnanantha Nagar has seen several revisions. The 2012 revision recorded a guideline value of Rs 2,500 per sq.ft, which remained unchanged until the 2023 revision. In 2023, the value was again set at Rs 2,500 per sq.ft, indicating no change from the previous revision. However, in 2024, the guideline value increased to Rs 2,750 per sq.ft, marking a 10% rise from the 2023 figure.

From the 2012 revision to the 2024 revision, the overall change in guideline value is also 10%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO, with guideline values for 2024 ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median value across these streets is Rs 2,400 per sq.ft, placing the guideline value of Gnanantha Nagar above this median.

Stamp duty and registration fee for property in Gnanantha Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, while the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. 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 details.

Which Sub Registrar Office covers Gnanantha Nagar?

The Sub Registrar Office that covers Gnanantha Nagar is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, under the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property in Madambakkam. It determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during the transaction.

When a property is bought or sold, the guideline value serves as a benchmark for the transaction. If the sale price is higher than the guideline value, the stamp duty is calculated based on the sale price instead. Therefore, understanding the guideline value is essential for both buyers and sellers in Madambakkam.

Frequently asked questions

What is the current guideline value of Gnanantha Nagar?

The current guideline value of Gnanantha Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 2,500 per sq.ft from 2012 to 2023, before increasing to Rs 2,750 per sq.ft in 2024. This represents a 10% increase from the 2023 revision.

What is the land classification of Gnanantha Nagar?

Gnanantha Nagar is classified as Commercial Class I Type - I, indicating its commercial usage potential.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% and the registration fee at 2% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total of Rs 2,47,500 in fees.

Where is the Sub Registrar Office for Gnanantha Nagar located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.