Guideline Value for GNANAPRAKASAM NAGAR

Gnanaprakasam Nagar guideline value

The current guideline value of Gnanaprakasam Nagar is Rs 2,465 per sq.ft, effective from 1 July 2024. This area is located in Thandalam village under the Pammal SRO, classified as Residential Class I Type - IV.

How the guideline value of Gnanaprakasam Nagar has changed

The guideline value for Gnanaprakasam Nagar has undergone significant changes over the years. In the 2017 revision, the value was set at Rs 1,500 per sq.ft. With the latest 2024 revision, the guideline value increased to Rs 2,465 per sq.ft, marking a rise of 64% from the previous figure.

There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 for this street in the register.

Guideline values in Thandalam

In Thandalam, there are 56 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,210 per sq.ft, positioning Gnanaprakasam Nagar's 2024 figure above this median.

• Dr.Ambethkar Street: Rs 880 per sq.ft (2024)
• Kamarajar Street /Akash Nagar: Rs 1,210 per sq.ft (2024)
• Chandra Avenue: Rs 1,650 per sq.ft (2024)
• Kambar Street: Rs 1,210 per sq.ft (2024)
• Bharathi Street: Rs 880 per sq.ft (2024)
• Bajanai Koil Street: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Gnanaprakasam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,465 per sq.ft, the total guideline value would be Rs 24,65,000. The stamp duty at 7% would amount to Rs 1,72,550, and the registration fee at 2% would be Rs 49,300, bringing the total charges to Rs 2,21,850. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Gnanaprakasam Nagar?

The Sub Registrar Office that covers Gnanaprakasam Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration process of property transactions in Thandalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate 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 Gnanaprakasam Nagar?

The current guideline value of Gnanaprakasam Nagar is Rs 2,465 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value increased from Rs 1,500 per sq.ft in 2017 to Rs 2,465 per sq.ft in 2024, which is a 64% increase. There are no recorded figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

What is the median guideline value for streets in Thandalam?

The median guideline value for the 56 streets in Thandalam under the Pammal SRO is Rs 1,210 per sq.ft. Gnanaprakasam Nagar's guideline value is above this median.

What are the stamp duty and registration fees for properties in Gnanaprakasam Nagar?

The stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot at the current guideline value, the total charges would be Rs 2,21,850.

Where is the Sub Registrar Office for Gnanaprakasam Nagar located?

The Sub Registrar Office covering Gnanaprakasam Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.